Led · Equity · Mar 2022

ParkourSC (formerly Cloudleaf) offers a real-time supply chain operations platform powered by hyper-scale graph modeling, AI/ML, and massive real-time data ingestion from IoT and contextual signals. The platform provides continuous visibility into variance from plan, predictive risk mitigation, quality and compliance controls, and aims to eliminate waste and improve resiliency without requiring costly changes to existing infrastructure. ParkourSC has notable traction in temperature-controlled pharmaceutical and life sciences supply chains, claims deployments delivering millions of dollars in ROI, and has established partnerships with cold-chain packaging players such as CSafe Global and Cold Chain Technologies. The company reports continued 300% year-over-year growth in both bookings and ARR for the last two years and has expanded its carrier ecosystem to over 800 carriers and integrations with TMS platforms like MercuryGate and BlueYonder. ParkourSC also maintains an extensible IoT and sensor partner footprint including Qualcomm, Zebra, Sensitech, Tive, Roambee, Wiliot and others. The new funding will support continued revenue growth, leadership hires, engineering expansion in the U.S., India and other regions, and extension of the go-to-market footprint into EMEA. Cloudleaf builds a Supply Chain Digital Visibility Platform that combines IoT, AI/ML and advanced analytics to create a digital twin of the supply chain and process billions of events per second. The platform delivers diagnostic and predictive insights for location, environmental conditions (temperature, humidity, shock), utilization and anomaly detection. Customers reportedly achieve up to 5x improvements in visibility, first-year ROI as high as 70x, and annualized value in the tens of millions of dollars. Cloudleaf serves enterprise customers across pharmaceuticals & life sciences, food & beverage, advanced manufacturing and other industries. The company plans to use new capital to expand its addressable markets, geographic footprint and enterprise customer base. Financially, the company has raised $26 million in the announced Series B, bringing total institutional funding to $39 million. Cloudleaf offers Sensor Fabric™, a mesh of intelligent IoT sensors, endpoints, gateways and cloud technologies that generate a unique digital fingerprint for assets with location and contextual metadata such as temperature, shock and vibration. A patented location engine, middleware and cloud applications transform that metadata into actionable insights, with dashboards for alerts, metrics, trends, analytics and KPIs. The company provides an extensive library of APIs, SDKs and pre-built connectors for integration with ERP, MRP, MES and analytics systems. Initial vertical focus is manufacturing, distribution and pharmaceutical, and Cloudleaf says it is rapidly building solutions applicable to other industry verticals. Key customers named in the article include ArcelorMittal, Dickten Masch Plastics, Magna and Shire. The company announced a $13 million Series A to support commercialization and further product innovation.

Participated · Series C · Mar 2022

Balbix offers the Balbix Security Cloud, a cybersecurity posture automation platform that uses AI and automation to help organizations inventory cloud and on-prem assets, run risk-based vulnerability management, and quantify cyber risk in monetary terms. Led by CEO and founder Gaurav Banga, the company plans to use the funds to build out go-to-market capabilities and continue engineering investments across unified asset inventory, software bill of materials (SBOM), vulnerability management, cyber risk quantification and security posture automation. The Series C follows growth in annual recurring revenue over the prior twelve months and four multi-million-dollar deals closed with Fortune 100 companies. Balbix launched an automated cyber risk quantification solution and reported more than 200% growth in new enterprise customers across the Americas, Asia, Europe, Middle East and Africa. The company has expanded its partner ecosystem with a new AWS integration and a partnership with global MSSP Microland. Balbix offers a predictive cybersecurity platform that uses artificial intelligence and machine learning to map an organization’s attack surface and surface prioritized vulnerabilities. The system integrates with existing operational security products to provide real-time visibility, reactive responses, and risk insights for stakeholders. Balbix’s approach measures a wide range of signals—from OS versions and weak passwords to poorly secured endpoints—so teams can decide and prioritize remediation based on data. The company does not charge by security event, aligning its incentives with breach prevention. Customers include enterprise organizations and global managed security service providers, and Balbix says it has international reach in sales. For now the company maintains a single office in San Jose but is weighing opening international offices to support growth. Balbix offers a predictive breach-risk platform that calculates and visualizes an enterprise’s cyber-breach risk and resilience across all devices, users and apps in an extended network. The system is designed to help CISOs and CIOs predict top breach scenarios, prioritize security mitigations and provide risk insights to prevent incidents before attacks occur. The company has just officially launched this platform and is using external funding to continue product development and expand operations. Balbix is led by founder and CEO Gaurav Banga. The company is based in San Jose, California.

Participated · Series C · Jul 2021

Virsec provides the Virsec Security Platform (VSP), which stops sophisticated attacks at their first point of insurgence and prevents adversaries from gaining dwell time in software. The platform delivers in-depth visibility across entire workloads and detects and blocks known and unknown threats that can evade heuristic and endpoint solutions. VSP maps the expected performance of each application on a workload, protects the memory applications use to execute, and ensures application components are correct and unmodified before execution; deviations are treated as threats. Led by CEO Dave Furneaux, the company intends to use newly raised funds to expand operations and its business reach. The raise brought the company’s total funding to $137M. Virsec has developed a technology platform that protects critical applications from the inside, safeguarding processes in memory and pinpointing attacks in real time. Its patented Trusted Execution™ technology maps acceptable application execution and instantly detects deviations caused by attacks. The solution has been deployed and gone through extensive validation with early-adopter customers in critical infrastructure, defense, financial services, and healthcare. The company holds a portfolio of patents with more than 20 applications filed and 12 already granted. Virsec is led by CEO Atiq Raza. It plans to use the new funding to accelerate product innovation and global expansion.

Participated · Series B · Sep 2018

ioTium is a Santa Clara, Calif.-based provider of cloud-enabled Software-Defined Converged Infrastructure for industrial IoT (IIoT) deployments. Led by founder and CEO Ron Victor, the company offers OT-Net, OT-Access and the OT-Edge converged infrastructure solution to enable secure, scalable connections between machines and applications. Its platform ensures any machine using any protocol can be connected to any application in any cloud or data center through any network while reducing deployment complexity and minimizing network security risks. ioTium's products are deployed in building automation, energy, oil and gas, and manufacturing organizations, including Fortune 500 customers. The company raised a $13.6M Series B, bringing total funding to $22M, and plans to use the proceeds to accelerate technology development at its Chicago and Houston locations. ioTium is expanding its market presence in the U.S. and internationally, planning offices on the U.S. East Coast as well as in Canada, Europe and Australia. IoTium provides secure network infrastructure for the Industrial Internet of Things (IIoT) through a patented Network as a Service (NaaS) solution. Its technology securely connects legacy onsite systems to cloud-based applications for building and industrial automation, manufacturing, oil & gas, transportation and smart city industries. Led by founder and CEO Ron Victor, the company targets building and industrial automation verticals while serving multiple industrial markets. IoTium plans to use new capital to accelerate its building and industrial automation efforts and to expand its presence in oil & gas, transportation and smart city markets. The company closed an $8.39M Series A round to fund these initiatives. Its NaaS offering is central to its product strategy for connecting legacy systems to cloud applications.