Participated · Series B · May 2026

Armada builds and delivers modular AI infrastructure — including Galleon manufacturing systems, Leviathan megawatt-scale modular data centers, and Triton portable units — for high-density training, inference, sovereign neo-cloud and multi-tenant compute environments. The company has documented rapid commercial traction, reporting 540% customer bookings growth in FY25–26 and a 2000% bookings increase in Q1 FY27 year-over-year. Armada has supported defense and commercial deployments, including a rapid Triton field deployment for a defense ally, a U.S. Navy edge deployment during a multinational exercise, a WinDC renewable-energy-backed AI factory deployment in Australia, and trials with Aker BP for offshore rig use. Armada is expanding manufacturing capacity with Galleon Forge One, a planned up-to-400,000-square-foot factory in Arizona expected to create about 500 jobs, enabled by a framework agreement and investment from Johnson Controls. The company has built an ecosystem and marketplace with partners including Microsoft, NVIDIA, Palantir and Dell Technologies to accelerate customer deployments and maintain control over sensitive data and models. Armada has raised capital totaling nearly half a billion dollars to date and is using that funding to scale production, meet accelerating global demand, and support new initiatives.

Led · Series B · Jan 2026

Accelsius develops NeuCool, a proprietary two-phase, direct-to-chip liquid-cooling platform that dissipates the extreme heat generated by modern AI and high-performance computing chips. The closed-loop system circulates non-conductive fluids, delivering up to 35% operating-expense savings over single-phase direct-to-chip solutions and 8–17% total cost-of-ownership reductions. With IT racks already reaching 130 kW and air cooling consuming as much as 40 % of data-center power, the company markets its technology as critical infrastructure for emerging gigawatt-scale “AI factories.” Recent traction includes an agreement to deploy NeuCool across DarkNX’s 300 MW campus in Ontario. The newly raised capital will expand production capacity at Accelsius’ Austin facility, accelerate global market entry, and support the rollout of higher-capacity thermal reference designs. Accelsius is a member of NVIDIA’s Inception program and was incubated by venture studio Innventure. Strategic backers Johnson Controls and Legrand give the company access to complementary thermal-management, power-distribution, and data-center infrastructure expertise.

Led · Series A · Nov 2025

Enerin is a technology company focused on replacing fossil-fuel industrial boilers with high-temperature heat pumps capable of delivering process heat up to 250 °C. Its flagship HoegTemp system is modular, flexible and able to integrate with existing industrial energy infrastructures while providing near-constant thermal output independent of waste-heat profiles and steam pressures. By installing an Enerin unit, an industrial site can avoid roughly 36,000 t of CO₂ emissions over the equipment’s lifetime, offering a meaningful pathway to lower carbon costs and meet decarbonization targets. The company positions its technology as filling the critical gap in sustainable steam and high-grade heat production, which today accounts for more than 20 % of global CO₂ emissions. Proceeds from the latest financing will be used to industrialize the product, scale manufacturing capacity and broaden the product range. Enerin has attracted a diverse set of European climate-tech and strategic investors through its multi-tranche Series A round, underscoring growing market demand for industrial heat electrification solutions.

Participated · Series C · Sep 2025

PassiveLogic is a Salt Lake City–based pioneer in “physical AI” that reimagines how buildings and infrastructure are designed, operated, and optimized. Its flagship product, Hive, is a real-time decision engine powered by an on-site GPU cluster that unifies control of HVAC, energy, logistics, and other building functions. By combining physics-informed digital twins with generative AI, the platform enables millisecond-level decisions for asset tracking, dynamic energy management, predictive maintenance, and adaptive environmental control. Complementary offerings include Sense Nano wireless sensors that capture real-time occupancy and environmental data, and Quantum Lens, a smartphone app for creating building digital twins. Acting as a “robot-of-robots,” PassiveLogic orchestrates sensors, IoT devices, and automation systems across environments ranging from data centers to hospitals. The company estimates a $1.3 trillion global market for Autonomous Buildings and targets the 40 % of global carbon emissions generated by buildings. Following its latest raise, PassiveLogic has secured more than $125 million in total funding to accelerate worldwide deployment of its platform.

Participated · Series E · Mar 2024

Nozomi Networks provides OT and IoT security through a platform that combines network and endpoint visibility, threat detection, and AI-powered analysis to support effective incident response. The company serves customers seeking to minimize risk and complexity while maximizing operational resilience for critical infrastructure. Led by President and CEO Edgard Capdevielle, Nozomi emphasizes OEM-agnostic security solutions in response to escalating attacks on critical infrastructure. The firm intends to use the new funds to scale product development efforts and expand its go-to-market approach globally. Nozomi is based in San Francisco, CA. The company recently completed a significant financing round that strengthens its financial position for growth. Nozomi Networks builds industrial cybersecurity software that detects threats to industrial control systems (ICS) and provides real-time visibility to manage cyber risk and improve operational resilience. Its technology supports almost 50 million devices across sectors including critical infrastructure, energy, manufacturing, mining, transportation and utilities. The company says it doubled its customer base in 2020 and saw a 5,000% increase in the number of devices its solutions monitor. Nozomi competes with firms such as Dragos and Claroty and emphasizes preventing attacks before they hit OT environments. It plans to scale product development and expand go-to-market efforts globally, with specific investments in sales, marketing and partner enablement and product upgrades for OT and IoT visibility and security. The business recently raised a significant pre-IPO financing to fund those efforts following a Series C earlier under two years prior. Nozomi Networks provides OT and IoT security and visibility solutions that deliver operational visibility, advanced threat detection and operational insight for industrial control networks. Its products are deployable onsite and in the cloud and span IT, OT and IoT to automate inventorying, visualizing and monitoring through the use of AI. The company’s solutions currently support more than 17 million devices in thousands of installations across energy, manufacturing, mining, transportation, utilities, building automation, smart cities and critical infrastructure. Nozomi aims to extend IT, OT and IoT cybersecurity services across public and private sector enterprises in the UAE and the broader MENA region through a partnership with Forward Investments. To date the company’s total funding exceeds $54M, with backers including GGV Capital, Lux Capital, Energize Ventures, Planven Investments and Telefónica. The company emphasizes securing modernization of critical industrial infrastructure and accelerating digital transformation for utilities and other OT sites. Nozomi Networks delivers security and operational visibility for OT and IoT environments, using AI to automate inventory, visualization and monitoring of industrial control networks. Its products can be deployed on‑premises and in the cloud and span IT, OT and IoT environments. The company supports more than 3.6 million devices across over 2,400 installations and operates in 16 countries. Use cases extend beyond cybersecurity to troubleshooting, asset management and predictive maintenance. Nozomi is positioned as a market leader in OT/IoT security and detection and partners with service providers to reach industrial customers. The company has raised more than $54 million in total funding to date from investors named in the article. Nozomi Networks builds security products for industrial control systems, emphasizing passive threat and anomaly detection that combines behavior-based and signature-based approaches, and offering an active detection option for specific threats. The company says it secures more than 300,000 industrial devices and counts hundreds of hydroelectric and gas distribution facilities among its customers. Management plans to continue investing in product and R&D while prioritizing awareness, sales, reach, and technical support to expand its customer base. This year the company has expanded its global footprint to target markets including Canada, the UK, and Germany. The rise in connectivity of ICS systems and growing threats to critical infrastructure form the backdrop for demand in Nozomi’s offerings. Financially, Nozomi has completed multiple raises this year and reported a valuation of about $150 million after an earlier round.