Participated · Series A · Feb 2026

Multitude Insights is a public-safety technology company focused on fixing fragmented intelligence workflows within law enforcement. Its core product, BLTN (pronounced “bulletin”), is a secure, AI-driven platform that lets agencies publish crime bulletins, surface case connections and distribute critical information nationally in real time. By automating what is now a manual, email-centric process, the software reduces paperwork and speeds cross-jurisdictional collaboration, allowing officers to spend more time in the community. The company is deepening product functionality through a new integration with Mark43’s RMS and by expanding its footprint with a second office in the Pacific Northwest. Multitude Insights was founded by two MIT alumni and is staffed by military veterans and law-enforcement professionals, operating from Boston, MA and Portland, OR. The newly raised $10 million Series A will be used to scale BLTN’s network effect, expand integrations and grow agency adoption across the United States.

Participated · Equity · Feb 2026

Rapidus was founded in August 2022 and is led by CEO Atsuyoshi Koike. The company is developing advanced logic chip manufacturing at its IIM-1 facility in Chitose, Hokkaido, with plans to begin 2nm mass production by fiscal 2027. Rapidus works with IBM on process development and with IMEC in Belgium on broader R&D, and NEDO is involved in design projects alongside Fujitsu and IBM Japan. It was initially backed by eight major Japanese companies — Toyota, Sony, NTT, NEC, SoftBank, Denso, Kioxia, and MUFG — and early confirmed customers include Fujitsu and Tenstorrent. The government has become a major backer through sizeable R&D support and a February 2026 investment that left it with 11.5% of voting rights and a golden share veto. Rapidus is positioning itself as an alternative foundry offering small-volume, quick-turnaround services, but faces challenges securing steady customer orders and improving yields given competitors like TSMC and Samsung began 2nm volume production in 2025.

Participated · Series D · Apr 2025

Rescale provides a unified digital engineering platform that combines cloud high-performance computing resources, intelligent data management tools, and applied AI to speed modeling and simulation workflows. The company maintains a market-leading library of over 1,250 engineering and R&D applications and a global network of more than 500 cloud datacenters through partners such as AMD, AWS, Arm, Intel, Microsoft Azure, NVIDIA, and Oracle Cloud Infrastructure. Rescale serves hundreds of enterprise customers across aerospace, automotive, energy, life sciences, manufacturing, public sector, and semiconductors; customers including Arm, General Motors Motorsports, Samsung, SLB, and the U.S. Department of Defense spend over $1 billion annually on HPC infrastructure that the platform supports. Planned roadmap priorities include expanding available workflows and compute technologies, establishing a unified data fabric and digital thread for modeling and simulation, adding AI-native search, tagging, and automation, and strengthening enterprise security and compliance with additional government and defense authorizations. The company emphasizes democratizing AI-powered engineering and automating AI Physics tool use, targeting large speed improvements in design validation. Financially, Rescale has raised a $115 million Series D and has now brought total funding to over $260 million. Rescale delivers a platform that enables organizations to run scientific and engineering simulations on public clouds (AWS, Azure, GCP, IBM, Oracle) and manage on-premises HPC resources, schedulers, and licenses. Its network spans 8 million servers with over 80 specialized architectures and resources (e.g., Nvidia Tesla P100 GPUs, Intel Skylake processors, >1TB RAM) delivering a combined 1,400 petaflops of compute. The platform supports workloads across aerospace, automotive, oil & gas, life sciences, electronics, academia, and machine learning, and includes a recommendation engine trained on billions of core hours to optimize performance. Rescale offers on-demand and long-term computing environments and pricing for single batch jobs, optimization jobs, and large designs of experiments, and has expanded its software catalog to more than 800 apps. Since its most recent February funding round the company added over 100 new customers and now counts 200 enterprise subscribers and 400 subscribers overall, including several Fortune 50 businesses. CEO Joris Poort says the new proceeds will be used to grow Rescale’s platform, service offerings, and workforce (the company has 200 employees and expects to grow to 300 in a year). Rescale is a hybrid high-performance computing (HPC) cloud platform delivering intelligent computing for digital R&D. Led by CEO Joris Poort and CTO Adam McKenzie, the company serves more than 300 customers ranging from startups to Fortune 50 enterprises. Rescale enables research scientists and engineers to run simulation and artificial intelligence workloads on the cloud provider of their choice using specialized hardware architectures and software templates optimized for their use cases. The platform requires no setup or maintenance from users. Rescale closed a $50m Series C round, bringing its total funding to over $100m. The company stated it intends to use the funds. Rescale helps companies move legacy high-performance computing (HPC) applications to the cloud or hybrid environments, providing HPC resources and tuning applications for maximum performance. The platform supports bare metal, virtual machines and containers and can leverage on-prem capital assets while extending workloads to different cloud vendors. Rescale targets engineering, aerospace, scientific and other verticals and currently serves about 150 customers, including Sikorsky Innovation, Boom Aerospace and Trek Bikes. The company was founded in 2011 and is based in San Francisco, with roughly 80 employees. Financially, Rescale has raised a total of $52 million to date and recently closed a $32 million Series B. The company plans to use the new capital to hire developers and solutions architects, expand in Asia and Europe, and build relationships with systems integrators to broaden market reach. Rescale provides enterprise-class high performance computing (HPC) platforms that help large enterprises transition from legacy on-premise systems to scalable, agile cloud computing infrastructure. Its platform is deployed securely via a web-based application environment powered by simulation software providers and backed by large HPC infrastructure. The company serves global Fortune 500 customers across aerospace, automotive, life sciences, marine, consumer products and energy sectors. Led by CEO Joris Poort, Rescale has attracted notable seed backers and strategic investors. The company raised a $14M Series A and intends to use the funds to expand worldwide. Total capital raised to date exceeds $20M.

Participated · Series A · Jun 2024

Formic delivers Robots-as-a-Service (RaaS) automation to U.S. manufacturers, bundling hardware, deployment, continuous monitoring and maintenance under a low hourly fee. Its equipment-agnostic software uses AI for motion planning, predictive maintenance and system design, with customer dashboards and intuitive interfaces. In 2.5 years Formic’s fleet has completed 100,000 production hours at more than 99% uptime and expects another 100,000 hours in the next 170 days. The company plans to expand its standardized equipment fleet to shorten lead times, increase its U.S. support network to improve response times and enhance its AI-driven software. Formic reports fast growth across key operational metrics—7x robot production hours, 3x deployed systems, 2x customer base, 80% increase in repeat business, 4x faster deployment time, and a 97% renewal rate. Founded in 2020 and operating from Chicago, Formic positions its RaaS model as a way to remove capital and operational barriers to automation adoption.

Participated · Series A · Jun 2024

Formic Technologies designs, develops and maintains industrial robots and automation systems, focusing on tasks such as palletizing and packaging. The company combines proprietary software with hardware deployments to provide optimized automation solutions tailored to individual client needs, primarily serving small and medium-sized businesses. It bundles these solutions with a financing model and subscription-based service to lower the upfront and ongoing burden of robot deployment and maintenance. Formic offers deployment, installation and maintenance services to accelerate automation adoption in manufacturing. The company says it will use the investment to develop a new business model that makes its automation solutions more accessible to customers. Formic is based in Chicago, Illinois; the amount of the recent investment was not disclosed. Formic delivers fully supported Robots-as-a-Service automation to U.S. manufacturers, handling deployment, continuous monitoring, maintenance and guaranteed performance rates. Founded in 2020 and based in Chicago, the company charges customers a low hourly rate that removes capital and operational barriers to automation adoption. In 2.5 years Formic’s fleet completed 100,000 production hours at more than 99% uptime and expects another 100,000 hours in the next 170 days; it reports rapid growth in deployed systems, customers and repeat business. Formic highlights a 97% renewal rate and says 75% of its customers are automating material handling for the first time. The company plans to expand its standardized equipment fleet, increase its U.S. support network to shorten response times, and enhance its equipment-agnostic AI-driven motion-planning, predictive maintenance and customer-facing software. These moves are intended to accelerate deployment timelines and broaden access to automation for small- and mid-size manufacturers. Formic Technologies provides turnkey robotic solutions to American manufacturers via a Robots-as-a-Service (RaaS) model, delivering, installing, and maintaining robots billed by the hour. It sources equipment from partners such as Universal Robots, FANUC, KUKA and ABB and owns the programming, installation, and servicing so customers avoid upfront investment. The company emphasizes systematized deployment and in-house equipment financing to reduce complexity and cost for factories. Early customers include Polar Manufacturing and Georgia Nut, and Formic positions its offering to address labor shortages and supply-chain pressures. Financially, Formic raised a $26.5 million Series A, has secured access to more than $100 million of debt capital, and is valued at over $100 million. The company has expanded its board and management team to scale rapid deployments.