The Venture Codex

Led · Series C · Aug 2026

Lumilens develops photonic connectivity solutions intended to connect thousands or hundreds of thousands of GPUs so they can operate as a single system, addressing the limits of copper-based scale-out networks. The team moved from founding to defining, qualifying and shipping its first product within about two years, and that product is deployed in a hyperscaler’s production AI data centers under a multi-billion-dollar agreement. Lumilens emerged from stealth concurrent with its announced raise of more than $900 million from a syndicate of venture and institutional investors. Management says the funding will support building out infrastructure and developing additional products on its roadmap. The company positions itself at the intersection of optics and AI infrastructure to overcome physical constraints on GPU-scale networking.

Participated · Series C · Jul 2026

Inforcer provides a single platform that enables managed service providers to manage Microsoft 365 accounts for SMB clients, focusing on security and governance around AI and company data. Since launching in 2023, the company has prioritized product development, releasing features such as Shadow AI detection and a threat detection and response tool to identify unauthorized AI use and live cyber threats. Inforcer has experienced rapid growth, reporting roughly 300% year-over-year expansion and having raised $110 million across three rounds in 18 months. The company said its valuation doubled between Series B and Series C, though it did not disclose the exact valuation. As it expands, Inforcer is moving some pricing from a per-client model to a per-user model and is considering consumption- or token-based pricing for future AI features. Management plans further expansion in the U.S. while remaining focused on the Microsoft suite and positioning the company as complementary to Microsoft rather than competitive.

Participated · Equity · May 2026

Founded in 2025 out of a project initially known as “Project Synapse,” Mind Robotics is building industrial robots designed to perform human-like skills and further automate factory operations. The company was spun out of Rivian with RJ Scaringe, Rivian’s CEO, serving as chairman. Mind Robotics has raised over $1 billion to date, including a recent $400 million round led by Kleiner Perkins and a $500 million raise two months earlier, plus a prior $115 million from Eclipse. The latest financing values the company at more than $3 billion. Investors include strategic corporate venture arms such as Volkswagen’s and major investors like Salesforce. The company is using the new capital to continue development and scaling of its industrial robotics technology.

Participated · Series D · Apr 2026

True Anomaly develops and delivers capabilities for space missions, including autonomous spacecraft, advanced payloads, mission software, and space-based interceptors. The company says its products enable the U.S. and its allies to secure the space environment and counter threats. Founded in 2022 and based in Centennial, CO, True Anomaly has offices in Colorado Springs, Washington, D.C., and Long Beach, CA, and is led by CEO Even Rogers. Financially, the company has now raised a total of $1 billion in capital, including a $650M Series D that closed with $50M of debt. In the next 18 months True Anomaly plans multiple missions in LEO and GEO and will conduct the VICTUS HAZE Tactically Responsive Space demonstration while advancing its payload portfolio. The company intends to use the new funding to accelerate delivery across its product portfolio and mission capabilities.

Led · Series B · Apr 2026

Avoca provides AI-powered voice and workflow automation for service businesses, answering inbound leads, booking jobs into customer CRMs, following up on outstanding estimates, and running outbound campaigns. The company serves large operators such as Turnpoint, 1-800-GOT-JUNK?, and Goettl and partners with platforms including ServiceTitan, Nexstar, and Clover. Avoca says its AI delivers booking rates on par with top CSRs and recovers millions in annual revenue for customers; it surpassed eight figures in ARR in 2025 and is on track to book $1 billion in jobs this year. Founded by Apurva Shrivastava and Tyson Chen, Avoca created an AI voice category for home services and is expanding into other service verticals. The company is headquartered in New York City with an office in Santa Barbara.