• Viaduct

  Participated · Series B · Jun 2024

  Viaduct builds the patented TSI Engine, an AI-powered solution that automatically analyzes thousands of variables hidden in terabytes of data to discover patterns of health, defects, and performance across connected products. The company spun out of the Stanford AI Lab and has concentrated its initial efforts on the automotive industry, where defects and failures cost manufacturers billions annually. Viaduct reports proven results across 100 billion miles of telematics-tracked vehicles and analyzes hundreds of terabytes of data each month. Customers have seen detection times reduced by over 90% and up to an 80% reduction in unplanned downtime; one customer directly reduced warranty cost by more than $50 million and another estimates $200 million in annual warranty reduction upon rollout. The company will use new funding to accelerate business development and deployments and plans to expand into new verticals including construction, agriculture, specialty vehicles, aerospace, marine, and optimized fleet maintenance. Viaduct positions its technology to reduce warranty spend, improve customer satisfaction, and drive operational efficiency for manufacturers, suppliers, and operators.

• SteerLight

  Led · Equity · Mar 2024

  SteerLight, a spin-off of CEA-Leti (Grenoble), develops Lidar modules based on silicon photonics microchips. Its approach replaces mechanical Lidar elements with integrated photonics to deliver improved performance, lower cost, greater compactness and enhanced robustness. A functional demonstrator has been validated in the lab and the company plans to build an industrial-test demonstrator and design its first full prototype. The company intends to commercialize initial sensors for Industry 4.0 applications (helping autonomous robots with safer, faster navigation) and later adapt sensors for infrastructure, smart cities and vehicles in uncontrolled environments. SteerLight aims to develop a second-generation product for industrial and automotive customers targeted at mass production and competitive pricing. Financially, the company closed a €2.0M equity financing and also secured a €1.2M bank loan to continue prototype development and industrial testing.

• Niron Magnetics

  Participated · Equity · Nov 2023

  Niron Magnetics manufactures magnets that substitute iron and nitrogen for rare earth elements. The company is building a plant in Sartell, Minnesota, and is looking for a location for a second plant. It received a $150 million loan from the Pentagon announced by the White House and President Trump as part of broader mining-related funding. The administration framed the investment as a move to reduce U.S. dependence on foreign-produced magnets. Coverage did not disclose revenue, users, or prior funding rounds. The company’s near-term plans center on expanding domestic manufacturing capacity through the Sartell facility and a prospective second plant.

• Electra Vehicles, Inc.

  Led · Equity · Feb 2023

  Electra Vehicles is a B2B AI software company based in Boston, MA and Milan, Italy that produces cloud and onboard software to optimize the performance of any battery system on any vehicle. The company has an initial focus on the eMobility market while stating its technology also delivers range, lifetime, charging, and safety benefits to eVTOLs, Aerospace, Robotics, and Grid applications. Its cloud-based EVE-Ai Fleet Analytics and onboard EVE-Ai 360 Adaptive Controls provide battery system performance insights, battery-conscious driver recommendations, and intelligent charging control strategies. Those capabilities are driven by a continuously updating Adaptive Battery Digital Twin. Electra intends to use the $21M financing to accelerate its go-to-market strategy, scale operations, expand technology and sales teams, and enter the Italian and broader European markets. The company is led by founder and CEO Fabrizio Martini. Electra Vehicles is a Boston-based B2B AI software company that produces cloud and onboard software to optimize the performance of battery systems on any vehicle. Its products include Cloud-based EVE-Ai Fleet Analytics and onboard EVE-Ai 360° Adaptive Controls, which provide battery system performance insights, battery-conscious driver recommendations, and intelligent charging control strategies based on a continuously updating Adaptive Cell Model. The company’s initial focus is the eMobility sector, while the technology can also apply to eVTOLs, aerospace, robotics, grid, and other electric sectors. Electra intends to use the $3.6M seed funds to expand operations and development efforts. It will open a strategic branch in Italy’s Piedmont Region with on-the-ground assistance from LIFTT, Club degli Investitori, and the Foreign Center of Internationalization to broaden customer traction near OEM hubs. The company is led by CEO Fabrizio Martini.

No current team members are available.