Participated · Series D · Oct 2024

Carbon Robotics develops AI-powered farming systems centered on its LaserWeeder, which combines computer vision, AI deep learning, robotics, and lasers to identify and eliminate weeds with millimeter accuracy. Its LaserWeeder has eliminated more than 10 billion weeds across over 100 crop types without chemical herbicides, hand labor, or soil disruption, and is in operation in the U.S., Canada, Europe, and Australia. The company says the system cuts weed control costs by 80% and increases crop yield and quality. Carbon Robotics plans to use new funding to scale the LaserWeeder business, introduce new software and hardware products, and expand state-of-the-art manufacturing capabilities in Eastern Washington. It also intends to grow in new markets and continue geographic expansion into Eastern and Southern Europe and the Asia-Pacific region. To date the company has raised $157 million in total funding. Carbon Robotics develops laser weeding robots for agriculture. Its flagship product, LaserWeeder, uses computer vision and artificial intelligence together with 30 high-power CO2 lasers to identify, locate, and remove weeds in real time. The company markets an automated, non-chemical approach to weed control. The reported financing from NVIDIA’s NVentures is intended to further advance R&D and the application of its AI agriculture solutions. The article does not provide revenue, user, or other operating metrics. No additional financial details or other investors were named in the report. Carbon Robotics develops AI and computer-vision-powered agricultural robots, best known for its LaserWeeder machine. The LaserWeeder uses thermal energy to eliminate weeds without damaging crops or disturbing soil. Demand and units shipped for LaserWeeder tripled in 2023 versus 2022. The company raised an additional $8 million to accelerate development of a new ag‑tech product line that it says is not related to LaserWeeder, but declined to share details. The Series C extension brings that round to $43 million and the company has raised $80 million in total. Founded in 2018 and based in Seattle, Carbon is led by Paul Mikesell, co-founder of Isilon Systems. Carbon Robotics is a Seattle-based agtech company that builds LaserWeeder, a laser weeding robot. Its machines use lasers to remove weeds; the company says it has zapped 500 million weeds across 40 different crops. Carbon is on track to deliver LaserWeeder to 17 U.S. states and three Canadian provinces in 2023. The company plans to use new funding to grow sales, accelerate manufacturing, and pursue international expansion. To date it has raised $67 million, including a $27 million Series B in 2021 and the new $30 million Series C. Investors from Sozo and Voyager are joining Carbon’s board as part of the latest round. Carbon Robotics develops autonomous field robots that use AI and high‑power lasers for precision weed control. Its flagship product, the Autonomous Weeder, eradicates weeds via thermal energy without disturbing soil, allowing reduced herbicide use and lower labor. The company reports bookings that exceed $20 million, has sold out its 2021 and 2022 models, and has begun accepting orders for 2023. Carbon Robotics plans to scale production, grow its engineering team, establish regional sales and customer support across the U.S., and invest in new products and technology. The company positions its technology as a response to herbicide‑resistant weeds and as a tool for organic and regenerative farming methods.

Participated · Series C · Oct 2021

Jupiter provides probabilistic, hyper-local climate-risk analytics via its ClimateScore™ Intelligence Platform and specialized services (FloodScore™, HeatScore™, WindScore™, FireScore™, ClimateScore Global™) to public- and private-sector customers. Its subscription service offers access to nearly 150 trillion data fields produced using cloud-based supercomputing. Jupiter serves 30 companies in the Global 2000, the U.S. Department of Defense, and FEMA, and its analytics are used across at least 20 sectors of the global economy. The company reports protecting over $10 billion of physical assets and more than $1 trillion of financial assets for customers including asset managers, banks, insurers, energy firms, and governments. Jupiter plans to use new funding to accelerate sales and customer support expansion and to increase R&D investment to deliver additional value to current and future customers. The firm emphasizes helping organizations incorporate climate risk into capital planning, supply-chain management, asset valuation, and resiliency planning. Jupiter offers predictive data and analytics to help safeguard critical at-risk infrastructure from extreme weather, sea-level rise, storm intensification, and rising temperatures driven by climate change. Its ClimateScore™ Intelligence Platform provides dynamic, hyper-local, probabilistic risk analysis from the current hour to 50-plus years. Product lines include FloodScore™, HeatScore™, FireScore™ and WindScore™, used across regions worldwide. Customers span asset owners in critical infrastructure, insurance and banking, energy, real estate, and the public sector for applications such as capital planning, risk management, site selection, and shareholder disclosures. The company is finalizing development of its FireScore wildfire product and plans to deploy an expanded suite of solutions in the coming months. Jupiter said it will use new capital to expand operations and accelerate product development to meet evolving needs in new geographies and rising demand as the global economy recovers. Jupiter Intelligence offers asset-level climate-risk analytics and predictive data derived from satellite imagery and advanced climate and statistical models. Its toolkit produces probabilistic, insurance-grade forecasts that translate global climate models into localized peril predictions usable by insurers, cities, airports, ports, power plants, and other critical infrastructure. The company delivers mapping visualizations via Mapbox APIs and offers VR damage-visualization through a collaboration with Oculus. Founded in 2016 by Rich Sorkin, Eric Wun, Josh Hacker, and Alan Blumberg, Jupiter operates from offices in San Mateo, Boulder, and New York and serves clients including New York, Miami, federal agencies, and major insurers. With a new $23M financing and prior backing from DCVC and Ignition Partners, Jupiter is positioned to expand internationally to Rotterdam, London, and Singapore. The firm emphasizes quantifying uncertainty so risk managers can integrate actionable, asset-level predictions into planning and resilience investments. Jupiter's ClimateScore™ Intelligence Platform ingests petabytes of data from millions of ground-based and orbital sensors and applies physics-based models and automated machine learning to deliver hyper-local (street-by-street or individual building) predictions. Forecast horizons range from two hours to fifty years, and the company said it will launch FloodScore™ and HeatScore™ services to predict and manage flood and heat risks. Jupiter delivers asset-specific, dynamic climate assessments that factor in a changing climate rather than relying on historical stationarity assumptions, and includes verification and validation modules for statistical confidence. Customers and use cases called out include property developers, critical infrastructure operators, the public sector and insurance companies, with delivery via API, interactive maps, reports or custom consulting. The team includes climatologist Dr. Betsy Weatherhead and urban oceanographer Dr. Alan Blumberg, and advisors such as Todd Stern and Neal Wolin. Financially, Jupiter has raised seed and Series A financing totaling approximately $10 million to date.

Participated · Series E · Sep 2021

Aviatrix delivers advanced cloud networking, network security and operational visibility with cloud-native simplicity and automation. The company provides a proven multi-cloud network reference architecture to design, deploy and operate a repeatable network and security architecture consistent across any public cloud. More than 550 customers worldwide leverage Aviatrix’s platform. Led by CEO Steve Mullaney, the company emphasizes enterprise-grade network and security operations for cloud environments. Aviatrix raised $200M in a Series E at a $2 billion valuation and plans to use the funds to scale its worldwide sales and support operations. Aviatrix offers a cloud network platform that delivers advanced networking, security, and operational visibility and control with cloud-like simplicity and automation. The company targets enterprises moving mission-critical applications to multiple cloud service providers and emphasizes repeatable multi-cloud network and security architectures. More than 500 customers worldwide leverage Aviatrix and its multi-cloud network reference architecture. Aviatrix also offers the industry’s multi-cloud networking certification (ACE) to support adoption. The company plans to use new growth-stage funding to scale sales, partner channels, customer support, and product development to meet rising enterprise demand. Aviatrix is headquartered in Santa Clara, Calif. Aviatrix provides networking and security services for enterprises moving mission-critical applications from on-premises to the public cloud. Its offerings include advanced transit networking, network segmentation, next-generation firewall integration, smart SAML VPN and site-to-cloud VPN access. The company also provides cloud-to-Internet egress filtering, high-performance encryption and other enterprise networking capabilities. Aviatrix serves more than 300 multi-cloud enterprises, including Jefferies, Experian, NASA, QuickenLoans, Pfizer and Netflix. It recently raised $40M in a Series C and has $76M in total funding to date. The company plans to use the proceeds to scale sales, channel, customer support, marketing and product development, and is led by CEO Steve Mullaney with John Jendricks as COO and James Winebrenner as SVP of worldwide sales. Aviatrix offers a one-click, CLI-free hybrid cloud networking solution built for AWS, Microsoft Azure, and Google Cloud that uses a centralized controller and lightweight gateway software to create, delete, and manage hybrid cloud networks. The product enables scalable, secure interconnections across private data centers and public cloud regions and supports cloud-native and multi-cloud architectures. Aviatrix says customers can accelerate hybrid cloud network deployments by more than 90 percent, shorten development cycles, and reduce costs; customers include Fortune 1000 and cloud-native companies such as Hyatt, Robert Half, and GREE. The company plans to use new funding to expand operations, drive strategic partnerships, and extend the reach of its cloud networking solutions. Financially, the company announced a $15 million Series B that brings its total funding to $25 million. Aviatrix publicly cites strong customer momentum since its 2014 launch. Aviatrix builds software that enables enterprises to create hybrid clouds by easily, elastically and securely connecting to dozens of AWS virtual private clouds (VPCs) and Azure VNets without buying additional networking equipment. The platform also allows employees and partners to connect directly to the cloud without traditional corporate VPNs and helps software vendors migrate on‑premise applications to the cloud and transition to single‑tenant SaaS. Current customers include large and small enterprises, and Aviatrix is an AWS partner and a Microsoft Enterprise Cloud Alliance partner. The company was founded by Pankaj Manglik and Sherry Wei, who bring prior experience from Aruba Networks, Cisco and Huawei. Headquartered in Santa Clara, California, Aviatrix positions its product as a way for CloudOps to hide network complexity and build networks as dynamic and disposable as compute and storage. Management frames the offering around addressing hybrid cloud networking challenges as adoption increases.

Participated · Series B · Apr 2021

Archipelago provides an AI- and machine learning-driven platform, with human-in-the-loop verification, to digitize, enrich, and visualize commercial property risk data from unstructured documents, schematics, and images. The platform produces structured data and dashboards that brokers and underwriters use to underwrite, price, and share risk information across the insurance lifecycle. Since publicly launching in August 2020, Archipelago has put over 330,000 commercial properties on its platform, representing $2.3 trillion in insured value. More than 1,000 insurance brokers and underwriters at over 100 insurers have experienced the platform via customers’ placements. The company plans to invest in new product capabilities, scale engineering, data science, and customer-facing teams, and to globalize and expand beyond property owners and insurers in North America.

Participated · Series B · Jun 2020

Botkeeper is an automated bookkeeping solution providing accounting firms and their clients with a combination of skilled accountants, machine learning, and artificial intelligence. It offers various packages including full-suite bookkeeping and pre-accounting solutions and a consolidated platform of tools to optimize firm processes and support clients at any stage of growth. The company is led by CEO and founder Enrico Palmerino and is based in Boston, MA. Since its launch in July 2015, Botkeeper has expanded services to approximately 200+ accounting firms and 5,000+ small businesses throughout the United States. The company raised $42M in a Series C and intends to use the funds to expand its platform, customer success teams, and strategic partnership initiatives. Botkeeper provides an AI-powered platform that connects and digests financial and non-financial data, processes it through machine learning models, and combines those outputs with review from a skilled team of accountants to deliver accurate financial data and closed books. The company supports delivery to accounting firms and businesses using QuickBooks or Xero. Founded in 2015 and led by CEO Enrico Palmerino, Botkeeper is headquartered in Boston and also has offices in North Carolina, New York, and Balanga (Philippines). The company intends to use the new funds to introduce its AI-powered bookkeeping solutions to new firms nationally. It also plans to grow its development, engineering, sales, and client success teams. To date the company has raised a total of $47.5 million. Botkeeper is developing AI to automate bookkeeping and accounting functions for businesses. The platform integrates with a client’s banks, credit cards, HR system, and POS system and makes appropriate entries and adjustments to their QuickBooks or Xero accounts. It provides businesses with a 24/7 AI-driven botkeeper and currently supports nearly 1,000 companies. The company raised $18M in a Series A and has raised $22.5M in total funding to date. Botkeeper intends to use the capital to grow across engineering, sales, and marketing. The company is led by founder Enrico Palmerino and Chief Revenue Officer and Executive Vice President Chris Mahl. Botkeeper offers a platform that automates bookkeeping tasks using a blend of dedicated machine learning (ML), artificial intelligence (AI) and human assistance. The company assigns each customer a dedicated “botkeeper” that can securely access banks, credit cards and accounting software to make entries, reconcile accounts, send invoices and handle payroll. Its platform also tracks and schedules revenue and deferred expenses and performs bank reconciliations. Botkeeper raised $4.5M in seed funding to support further product development and expanded sales and marketing. The round indicates early-stage financing to scale the product and go-to-market efforts. The company is led by CEO Enrico Palmerino and is based in Boston, MA.