Participated · Equity · Feb 2026

Aliro Technologies is commercializing what it calls the world’s first vendor-agnostic, software-driven entanglement platform that enforces network trust through the laws of quantum physics rather than computational assumptions. The platform runs on existing fiber-optic infrastructure, turning conventional routers and switches into deterministic, physics-enforced security transport layers and immediately detecting eavesdroppers. Aliro also offers a physics-accurate entanglement network simulator—its “digital twin”—that lets customers model and validate quantum-secure networks before deployment. Recent technical milestones include interoperability with more than 50 entanglement and classical networking devices. Target customers span enterprises, banks, defense organizations, telcos and cloud providers, and the company cites a total addressable market it estimates at $60 billion. New funding will be used to accelerate deployments and expand ecosystem partnerships as the firm aims to redefine global security infrastructure.

Participated · Equity · Oct 2025

Movandi is a connectivity‐focused semiconductor and systems company whose portfolio spans RF chipsets, beamforming silicon, phased-array antennas, and software-defined networking. Its technology underpins high-throughput, low-power, and intelligently steered wireless links for 5G networks, fixed wireless access, and non-terrestrial (LEO satellite) communications. With more than 115 issued patents, the firm has already deployed mmWave solutions that improve the economics and performance of commercial 5G roll-outs. The company now aims to translate this edge into satellite broadband and hybrid fixed-wireless deployments, addressing range, cost and latency constraints faced by operators. Future plans include opening an Oman office to tap regional talent and co-develop solutions aligned with Oman’s Vision 2040 initiative. Headquartered in Irvine, California, Movandi positions itself as a bridge between Silicon Valley innovation and Middle-East market expansion. The latest capital injection strengthens its ability to scale production, broaden its product roadmap, and pursue global market entry opportunities.

Participated · Series A · Jan 2025

Swave Photonics develops Holographic eXtended Reality (HXR) display chipsets that use diffractive photonics on CMOS chip-based technology to sculpt lightwaves into natural, high-resolution 3D images. Its approach produces extremely small pixels and eliminates the need for a waveguide, enabling compact form factors across multiple spatial-computing display use cases. The company says the platform is positioned to transform spatial + AI computing by enabling 3D visualization and interaction. Swave was founded in 2022 as a spin-out from imec and operates from Leuven, Belgium and Silicon Valley, California. The technology has received recognition including a CES 2025 Innovation Award and a Photonics Frontiers Award semi-finalist placement. Swave plans to accelerate commercialization and expand go-to-market efforts using the newly raised capital. Swave Photonics builds chipsets and an Holographic eXtended Reality (HXR) platform that sculpts light using nano-pixel SLMs to produce true, high-quality 3D holographic images for AR devices. The company emphasizes compact form factors, reduced power use, and solutions to visual issues like Vergence-Accommodation Conflict without relying on waveguides or varifocal lenses. Swave leverages CMOS chip manufacturing and claims 60 core technology patents developed over a decade. The company announced its HXR platform in April 2024 and demonstrated the world’s first true color holographic display; HXR will be recognized at CES 2025. Swave says silicon is running at partner fabs and it plans to ship product development kits followed by production devices, using its seed and Series A funding to accelerate commercialization. Swave Photonics is a Leuven, Belgium semiconductor company that conceives, designs, and markets holographic solutions deploying proprietary diffractive photonics and software. Its HXR technology is positioned to power holographic glasses and headsets, delivering immersive spatial AR with high resolution, strong depth of focus, and 180–360° viewing angles. The company targets manufacturers of mobile phones and displays as well as content creators to improve visualization and communication markets with ultra‑high‑resolution, lifelike holographic displays. Led by CEO Mike Noonen, Swave emphasizes its HXR platform as an enabling core product for immersive AR experiences. Financially, Swave completed a €3M seed extension that brought its total seed funding to €10M. The round included participation from imec.xpand, Flanders Future Techfund (FFTF), QBIC, Acequia Capital, and Luminate NY. The new funding is intended to help execute the company’s augmented reality roadmap and to engage future customers, partners, and investors. Swave Photonics develops Holographic eXtended Reality (HXR) gigapixel chips that produce lifelike, high-resolution 3D holographic images using diffractive photonics and standard CMOS manufacturing. The company’s HXR technology targets metaverse platforms, 360-degree holographic walls, 3D gaming, AR/VR/XR glasses, collaborative video conferencing, and automotive/aerospace heads-up displays. Swave says its chips enable vastly higher pixel resolution, perfect depth of focus and wide viewing angles without conventional headset limitations. The firm is a spin-off of imec and Vrije Universiteit Brussel and is headquartered in Leuven, Belgium. Initial HXR chip samples were planned for availability in 2023, with chip sizes ranging from 0.5 cm x 0.5 cm for wearables to 2 cm x 2 cm for ultra-high-end displays. Swave positions its technology as mass-producible and cost-effective due to CMOS compatibility and cites an extensive patent portfolio and over five years of R&D through imec programs. The company aims to commercialize its HXR gigapixel technology to enable immersive, near-photorealistic metaverse and AR/VR experiences.

Participated · Series A · Nov 2024

Lightsynq develops optical quantum interconnect technology to enable hardware providers to link quantum processors and overcome single-system scaling limits. The company’s approach uses color centers in diamond photonic devices to build quantum memory and interconnect hardware. Founded by former Harvard quantum networking experts and AWS Center for Quantum Networking leaders, the team includes Dr. Mihir Bhaskar (CEO), Dr. Bart Machielse (CTO) and Dr. David Levonian (CPO). Lightsynq came out of stealth with plans to combine a quantum networking platform and scalable photonic fabrication to enable foundry-scale production. The startup aims to increase usable qubits across networks to accelerate industrial and commercial applications of quantum computing in areas like chemistry, materials and cybersecurity. The announced funds will be directed to building the company’s quantum interconnect technology and scaling manufacturing capabilities.

Participated · Series A · May 2024

Xona is developing Pulsar, a Low Earth Orbit PNT constellation designed to provide centimeter-level positioning, stronger signals, and military-grade encryption while remaining compatible with existing GPS devices. The company plans a full constellation of 258 satellites and says its satellites fly closer to Earth and broadcast signals that are substantially stronger than legacy GNSS systems. Xona reports over a dozen commercial receiver partners already tracking Pulsar signals, with field testing underway across critical infrastructure, construction, agriculture, and IoT applications. Early customers in timing-critical sectors are expected to benefit from initial constellation coverage as soon as 2027. To support rapid deployment, Xona is building a manufacturing facility in Burlingame and expanding operations in Montreal and London, aiming to produce satellites at a cadence the company says will outpace traditional national production rates.