Led · Equity · Oct 2022

Corsa Security provides the Corsa Security Orchestrator, a platform that automates on‑premise virtual firewall deployments and simplifies complex operations such as licensing, deployment, maintenance, troubleshooting, and push‑button scaling. The Orchestrator is designed to deploy, scale and optimize firewalls from leading vendors using tailored workflows that run on commodity compute. By integrating virtualization with intelligent orchestration, the company says customers can realize up to 9x lower TCO and speed time to deployment by a factor of 24. The CSO also optimizes server resource allocation and maximizes firewall license credits by scaling firewalls when needed. Led by CEO Eduardo Cervantes, Corsa targets large enterprises and service providers that need to deploy, scale and optimize virtual firewalls. The company intends to use the new funding to propel product development of the Corsa Security Orchestrator. Corsa Security has built a network security virtualization platform that simplifies deployment, management and operations of virtualized next-generation firewall (NGFW) arrays for large enterprises and service providers. The platform lets customers subscribe based on their traffic inspection capacity needs and pay as they grow, reducing total cost of ownership. It also supports scaling traffic inspection of encrypted traffic, including SSL/TLS. Led by CEO Eduardo Cervantes, the company positions its product to simplify how large networks scale traffic inspection. Corsa Security secured $11M in funding to support its growth. The company plans to use the capital to expand commercial and marketing efforts and to accelerate its product roadmap and partnership activities. Corsa Technology is a networking hardware company focused on delivering programmable, configurable data planes for Software Defined Networking (SDN). Its DP6400 product line can be configured to perform a wide range of networking functions, from Layer 2/3 switching and routing at scale to complex Layer 4-7 aware network elements. The DP6400 allows network orchestration to dynamically adjust data forwarding. Founded in 2013 and led by CEO Bruce Gregory, the company is based in Ottawa, ON, Canada. Corsa closed a $16.5M Series B to support growth and expand operations.

Led · Equity · Feb 2019

Peraso Technologies, led by President and CEO Bill McLean, is a Toronto-based fabless semiconductor company focused on mmWave technology and WiGig® 60 GHz chipsets compliant with IEEE 802.11ad. The company raised an additional $42M in financing to support growth. The round was co-led by two strategic investors alongside existing investor Roadmap Capital. Peraso plans to use the funds to increase sales in fixed wireless access and wireless networking. The article notes OEMs see the 5 GHz band as increasingly congested, and that the 60 GHz band offers wireless ISPs uncongested spectrum at competitive price points. Peraso Technologies develops wireless gigabit (60 GHz) chipsets and solutions compliant with the IEEE 802.11ad specification. Its core products target next-generation WiFi opportunities in consumer electronics and outdoor 60 GHz wireless infrastructure. The company is addressing markets including smartphones and virtual reality (VR). Peraso is a fabless semiconductor firm based in Toronto, ON, Canada. Ron Glibbery serves as President and CEO. The company plans to scale capacity to meet customer interest across its targeted market opportunities. Peraso Technologies is a Toronto, Canada-based fabless semiconductor company that develops 60 GHz chipsets and solutions compliant with the IEEE 802.11ad specification. The company is led by President and CEO Ron Glibbery. Its core product line targets the 60 GHz band adopted for interoperability certification by the WiFi Alliance under the WiGig brand. Peraso closed a $20M funding round to advance its technology. The company intends to use the funds to bring its technology into production and to support sales and marketing activities. The article notes industry endorsement of WiGig by firms such as Samsung, Qualcomm and Intel.

Led · Series B · Jan 2016

MMB Networks, founded in 2008 and based in Toronto, provides a line of hardware and software products built around its core RapidConnect embedded software platform. RapidConnect is a drop-in platform that lets connected device vendors automate networking and provide interoperability across ZigBee 3.0, Thread, Weave, HomeKit and other protocols. The company's product portfolio includes drop-in 802.15.4 (ZigBee and Thread) modules, wireless USB sticks, low-cost network bridges, and multi-protocol connected home gateways. The business is led by CEO Tim Angus and EVP Corporate Development Daniel Moneta. MMB raised $7M in a Series B and will use the funds to expand operations. It also has a strategic agreement with NXP to co-develop NXP silicon-based IoT hardware powered by RapidConnect.

Led · Series A · Jul 2015

Perimeter Medical Imaging develops, patents, and commercializes high-resolution intraoperative imaging tools to allow clinicians to assess microscopic tissue structures during surgery. Its flagship OTIS™ (Optical Tissue Imaging System) provides an ultra-high resolution image of the entire surface of excised tissue, enabling real-time decisions at the surgical margin. OTIS™ is a platform technology designed to image multiple tissue types and aims to reduce follow-on surgeries—for example, roughly 25% of breast lumpectomy patients currently require a second operation due to residual cancer cells. Perimeter is a privately owned Canadian company and describes OTIS™ as an investigational device limited to investigational use under U.S. law. The company recently closed an oversubscribed $5 million Series A and will use proceeds to complete a clinical study at Princess Margaret Cancer Centre, advance product development, and pursue FDA regulatory clearance for its first tissue-imaging product.

Led · Equity · Mar 2015

LiquiGlide invented a patented frictionless technology that eliminates the friction between liquids and solids so liquids flow with ease. Its core applications include no‑waste consumer packaging, more efficient and sustainable manufacturing, and medical devices that will not clog or cause infection. The technology was developed at MIT by co‑founder Dave Smith and Professor Kripa Varanasi; Dave Smith is cited as LiquiGlide's CEO. The company has gained traction in the multi‑billion dollar consumer packaged goods sector and recently announced partnerships with Colgate and the Mibelle Group. LiquiGlide's first commercial launch was a clear, recyclable toothpaste package introduced by Colgate in the European market and the product has been featured in major publications. LiquiGlide will use the loan proceeds for growth and general working capital. LiquiGlide commercializes a patented technology, invented at MIT by co‑founders Dave Smith and Professor Kripa Varanasi, that removes friction between viscous liquids and container or device surfaces so thick fluids flow with ease. The company positions the technology for consumer packaging, manufacturing waste reduction, and biomedical use cases such as reducing device clogging and improving delivery of viscous drugs and biologics. Recent commercial work includes a clear, recyclable PET toothpaste package with Colgate and CleanTanX™ deployment with the Mibelle Group that reportedly reduced yield loss in toothpaste manufacturing tanks by up to 99%. LiquiGlide is also launching an EveryDrop™ health and beauty line in collaboration with designer Yves Béhar and fuseproject to create no‑waste sustainable packaging. The company nearly doubled its team in 2020 and has added senior executives from packaging and biotech, including a new CMO from Clorox, as it prepares to expand into additional applications. Financially, the company has raised a total of $50M to date, including the most recent strategic financing announced in April 2021. LiquiGlide develops patented, liquid-impregnated slippery coatings that allow viscous materials to slide out of packaging or industrial tanks. The coatings use flavorless, odorless and FDA-approved ingredients and rely on a textured solid layer that traps a liquid lubricant through capillary forces. The company says the coating does not interfere with recycling and can improve packaging sustainability by reducing the need to wash containers. Co-founded by CEO J. David Smith and chairman Kripa Varanasi, LiquiGlide debuted at MIT's 100k competition in 2012 and is based in Cambridge, Massachusetts. The startup has received broad inbound interest from students, inventors, consumer goods companies and automakers testing the technology. Management expects to use the new funding for hiring and to focus commercialization on packaging and tanks. LiquiGlide provides a patented technology platform for permanently wet, slippery surface coatings. Developed at MIT by co-inventors Kripa Varanasi and CEO Dave Smith, the coatings are custom-made for each application by combining a porous solid with a liquid that gets trapped via capillary forces. The technology is commercially viable across multiple industries, including consumer packaged goods, oil & gas, medical, life sciences, agrochemical and aerospace. The company intends to use recent funds to build its customer base across industries and to hire innovative scientists. LiquiGlide now has more than 30 paying clients across multiple industries and employs more than 20 people. It raised $7M in funding in a round led by Roadmap Capital.