MalibuIQ
22917 Pacific Coast Hwy Ste 300, Malibu, CA, 90265, United States
Overview
MalibuIQ is collaborating with HRL Laboratories to take the proven technologies HRL has developed for the defense, aerospace and automotive sectors and commercialize them for use in new markets including electronics, energy, life sciences, networking and communications. The world’s lightest material is a recent example of this type of advanced technology that will be commercialized for use in new industries. MalibuIQ is working with HRL's developed, disruptive inventions, a committed capital pool and a repeatable process to accelerate the commercialization of these technologies into new markets domestically and globally. MalibuIQ’s founding investment partners consist of oil exploration wildcatters, Charlie Winn of Winn Interests, and Lee Barberito of Manti Ventures; financial entrepreneurs David and Frank Hanna via Bravo Ventures, TomorrowVentures, the private investment arm for Google’s Chairman, Eric Schmidt; Paul Candies and Phillip M. Plant partners in Pioneer MPW; and General Motors Holdings LLC, a wholly owned subsidiary of General Motors Company.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 5
Sector focus
- Automotive
- Clean Energy
- Electronics
- National Security
Investment portfolio
- Manifold Technology
Participated · Series A · May 2018
Manifold built a distributed ledger platform on top of Amazon Lambda to provide serverless, scalable blockchain infrastructure. Founded by Chris Finan and Robert Seger in 2014, the team draws on intelligence and cybersecurity backgrounds (DARPA, NSA, White House, Morta Security). When enterprise adoption lagged, Manifold pivoted to consumer applications and launched Volley, a blockchain-backed augmented-reality marketplace currently in beta on the Apple App Store using ARKit. Volley includes a decentralized reputation system intended to make fake accounts expensive and improve trust and safety for buyers and sellers. The company plans an Android version in the future and views Volley both as a consumer product and a way to prove its serverless blockchain for potential enterprise reuse. Manifold raised a $7 million Series A to support this consumer direction.