Participated · Seed · Jan 2026

Founded in October 2024, AZX develops bespoke AI solutions that combine analytics, supervised and unsupervised learning, digital twins, physics models, machine learning and generative AI, embedding them directly into a client’s existing systems. The company describes itself as “client-, problem- and transformation-centric,” aiming to streamline internal processes for utilities and energy firms rather than offering a single off-the-shelf product or pure consulting. Current customers include Puget Sound Energy, CBRE, Trilliant, Franklin Energy and two unnamed investor-owned utilities. AZX has expanded to 20 employees and recorded a ten-fold increase in first-quarter revenue year-over-year. The public benefit corporation is led by CEO Aaron Goldfeder alongside co-founders Rich Evans and Michael Albrecht, all veterans of Meetingflow, EnergySavvy and Microsoft. Management believes massive grid-modernization needs and escalating climate-driven losses create a sizable market for its tailored AI tools. Proceeds from its recent financing will fund hiring and further product development to support additional energy-sector transformations.

Participated · Equity · Jan 2026

United Manufacturing Hub (UMH) offers a Unified Namespace platform that connects machines, sensors, and IT systems through standardized interfaces, cleans and contextualizes the information, and serves it as a single source of truth for any manufacturing application. By replacing point-to-point integrations, the solution enables rapid deployment of operational KPIs, energy tracking, condition monitoring, alerting, and industrial AI use cases. Customers such as HiPP, Edeka, and Böllhoff report going from setup to measurable impact within weeks and adding new data sources in hours rather than weeks. The company positions itself as the foundational data layer required for AI-driven factories, aiming to become the world’s leading industrial data company. Its open-source approach targets both data engineers and shop-floor engineers, promoting interoperability across legacy factory software. Financially, UMH has just secured €5 million in new capital to deepen product development, widen connectivity, and scale its platform.

Participated · Seed · Oct 2025

Class 3 Technologies is a San Francisco–based spin-out from global engineering firm Arup that transforms deep structural-engineering know-how into scalable SaaS. Its flagship platform, Iris, converts advanced damage-and-loss models into actionable insights, allowing users to quantify individual building vulnerabilities and simulate the benefits of resilience interventions against earthquakes, extreme weather, and other climate-driven hazards. By providing granular, component-level assessments that go beyond high-level insurance averages, Iris helps corporations, real-estate owners, developers, and insurers make confident site-selection, acquisition, retrofit, and design decisions. The product has already been adopted in stealth by leading technology companies, investors, and consultants. Management is led by founder and CEO Ibbi Almufti, a former head of Arup’s Risk and Resilience practice, and is supported by a team with enterprise B2B SaaS and venture-building experience. With fresh seed capital, the company plans to scale Iris’s reach and accelerate product development to catalyze global climate-resilience action.

Participated · Equity · Oct 2025

Founded in 2018, Chichester-based Sees.ai has built a software and control platform that lets industrial drones fly complex missions – including take-off and landing – without direct human input. Its system combines autonomous flight control, collision avoidance and full vehicle management, enabling routine BVLOS operations that replace expensive and risky helicopter inspections. The company is the first in the UK to receive Civil Aviation Authority approval for routine BVLOS flights and has already completed a world-first large-scale deployment with National Grid to inspect live power infrastructure. Sees.ai’s technology is also being applied to offshore wind, oil-and-gas methane monitoring, logistics and emergency response. With competitors such as Civ Robotics, Percepto and Cyberhawk, the startup positions its offering as safer, cheaper and lower-emission. Fresh funding brings total capital raised to at least £3.65 million, supporting expansion across the UK and Europe, added AI for predictive maintenance and new partnerships with utilities and infrastructure operators.

Led · Series A · Jan 2025

Bedrock Energy develops deep-bore geothermal systems that reach roughly 800–1,200 feet to deliver more land-efficient heating and cooling for commercial customers. The company targets commercial buildings where land is at a premium and has completed two installations to date: an office building in Austin, Texas, and a resort in Utah. Bedrock has begun exploring geothermal cooling for data centers and partnered with Dominion Energy last fall to study that application, while noting technical challenges such as continuous heat rejection and wider bore spacing. It says deep geothermal cooling can be about twice as efficient as water- and air-based cooling at peak conditions and can reduce electricity demand spikes. To support growth, the company is investing in expanding operations and research and development with a focus on automation to speed installations. Bedrock expects to be profitable on a per-project basis within the next year. Bedrock Energy builds ground-source heat pump systems by drilling boreholes roughly 1,000–2,000 feet deep to increase per-bore heating and cooling capacity for tall or land-constrained buildings. The company combines subsurface data gathered during drilling with predictive models to size borefields and optimize depth and count for a building’s heating and cooling mix. Bedrock pairs software with purpose-built and adapted oil-and-gas drilling rigs to cut costs and enable installations in urban and industrial sites. Leadership draws on oil-and-gas expertise (including founder Silviu Livescu) and includes co-founder and CEO Joselyn Lai. With the recent seed, the company is targeting 30–50% drilling cost reductions in year one and longer-term improvements via autonomous drilling operations. Near-term plans include completing a pilot project in Texas, hiring staff, refining models, and lining up additional pilots next year; the company expects to benefit from Inflation Reduction Act geothermal tax credits through 2032.