• Qarnot

  Participated · Equity · Jan 2023

  Qarnot builds modular boiler systems that house servers and route their waste heat into central heating networks, converting up to 95% of computer waste heat into hot water. The modules pack up to 12 Open Compute Project–form-factor servers using AMD Epyc and Intel Xeon CPUs and connect to building water systems for passive cooling and heat delivery. The company began with electric heaters for construction and now rents compute to clients such as BNP Paribas, Société Générale and Illumination while selling heat to social landlords, property developers, local authorities, swimming pools and heating network operators. Qarnot launched 12 years ago and has piloted a 100kW data center in Finland, and is targeting deployments from 500kW up to a few megawatts. Its business model combines selling compute capacity and recovered heat, eliminating separate cooling systems and improving data-center carbon footprint. Financially, Qarnot recently raised €12.5M and secured a €22.5M credit line to finance future projects. Qarnot builds heating hardware that contains computer servers so the waste heat from computation is used to warm buildings. The company sells computing-equipped electrical heaters to construction firms and provides occupants with local controls and a mobile app. Around 1,000 social housing units are currently heated by Qarnot devices. On the compute side, companies such as BNP Paribas, Société Générale and Natixis rent Qarnot’s servers; customers also include Illumination Mac Guff for 3D rendering. To address heating seasonality, Qarnot has developed scalable boiler systems that house CPU or mixed CPU/GPU server racks. The company has formed a joint venture with Groupe Casino to heat warehouses using computer racks. Its business model combines hardware sales to buildings with hosted compute rentals to enterprise clients.

• Opensee

  Participated · Series A · Dec 2022

  Opensee provides a single, scalable platform that lets business users ingest and analyze very large datasets with no size limits, making 100% of data accessible down to the most granular level. The platform embeds analytics so users can perform simple or complex calculations for use cases including risk management, regulatory reporting, trading decisions and ESG analysis. In December 2022 Opensee raised €11M in a Series A led by Omnes Capital with participation from Laurion Capital and Societe Generale Ventures. The company says the funding will support its product roadmap, the development of advanced AI analytics for automated data quality controls and certification, and the delivery of multiple turnkey solutions as a fully managed Cloud SaaS. Opensee plans to add to its 70+ team of data and financial markets experts and expand its international footprint in North America and Southeast Asia to drive sales and implement a follow-the-sun support network. Its stated mission is to democratize multidimensional data analytics for financial institutions and enable business-user-led exploitation of large, granular datasets.

• GenZum Life Sciences

  Led · Equity · Jun 2014

  Genzum focuses on the development, commercialization and out-licensing of niche ANDA (generic) pharmaceutical products. The company operates an ecosystem of facilities and pharmaceutical development and clinical-trials capabilities covering product selection, formulation, clinical trials and FDA approval. Led by CEO Chris Achar, COO Rajin Ahuja and CSO Dr. Nehru Gaddipati, Genzum uses those capabilities to advance products through the full development cycle. The company received up to $20M in growth capital from SG's Alternative Investments Division to expand its pipeline of generic pharmaceutical products. As part of the transaction, Dovi Frances, President of SG, will join Genzum’s board. Genzum has offices in Los Angeles, New York, Chicago and India.

No current team members are available.