Participated · Series C · Jun 2026

HyperLight develops high-performance integrated photonics based on thin-film lithium niobate (TFLN), commercialized as its TFLN Chiplet™ Platform. The platform targets a range of optical interconnect applications including data center pluggables, coherent datacom and telecom modules, and co-packaged optics, and offers products supporting 200G-per-lane operation with 400G-per-lane solutions now sampling. The company emphasizes ultra-high modulation bandwidth, CMOS-level drive voltage, and ultra-low optical loss to reduce power consumption at higher lane speeds. HyperLight has established a strategic manufacturing partnership with UMC and Wavetek for high-volume foundry production on both 6-inch and 8-inch wafers. With the $80 million Series C, the company plans to expand manufacturing capacity, accelerate customer qualification, scale its platform, and deepen partnerships across foundry, semiconductor, networking, and systems integration domains.

Participated · Series C · Jun 2024

Bright Machines offers automation solutions for manufacturing, focusing on flexible automated assembly and software-defined production. The company positions its platform as building the AI hardware infrastructure by leveraging computer vision, machine learning, and software applications. Led by CEO Lior Susan, Bright Machines has more than 200 employees worldwide. The company intends to use new funds to launch product innovations, expand its software stack for increased assembly flexibility, and grow strategic relationships with ecosystem partners. Its core product combines robotics and a software stack to transform product design and manufacturing workflows. The most recent financing increased the company’s total financing to over $400M. Bright Machines develops software-defined manufacturing solutions centered on its Bright Machines Microfactory hardware and Brightware software platform to run, monitor, and control assembly lines. The company offers a full-stack approach combining software and hardware to increase flexibility, scalability, and efficiency in production. It has deployed over 100 microfactories in 13 countries, serves more than 40 global manufacturing customers through OEM, EMS and ODM partners, and doubled bookings year‑over‑year (2021–22). Customers have seen up to 75% more units per hour and 65% fewer defects per run, and the company highlights a potential 51% reduction in carbon intensity per unit. Bright Machines plans to accelerate its Brightware roadmap, expand service offerings and partner network, and grow its installed base while opening an Integration Hub in Guadalajara and a U.S. Customer Experience Center in San Francisco. Bright Machines is a San Francisco startup spun out from an incubated project inside Flex that was originally called AutoLab AI. The company builds software-driven robotics and tooling that add sensors, computer vision, machine learning and AI to traditional factory robots. It offers a subscription model that the company says lets customers set up custom manufacturing lines with lower cost and less fuss than traditional approaches. Bright Machines officially launched when it announced a $179M Series A led by Eclipse. The company has over 300 employees and is led by CEO Armar Hanspal, formerly co-CEO at Autodesk; its board includes Carl Bass, Mike McNamara and Steve Luszo. Management says the raise will be used to attract talent and assemble the people and tech stack to bring more automation and software to underserved areas of the factory floor.

Led · Series A · Oct 2016

Verdigris Technologies builds a cloud-first platform that combines high-frequency sensors with AI analytics to monitor electrical behavior inside existing panels. The sensors sample thousands of times per second, delivering sub-second visibility into load patterns, power quality, and early fault conditions. Designed for the extreme power densities of modern AI data centers, the solution helps operators increase reliability, reclaim usable capacity, and cut energy waste. Fortune 500 companies already deploy Verdigris across mission-critical data centers and other facilities in the United States. The company is initially focused on high-performance AI data centers but intends to extend its technology to additional mission-critical environments that require similar precision. By pairing hardware and software, Verdigris positions itself as an essential layer of electrical intelligence for next-generation compute infrastructure.