Participated · Series B · Feb 2026

Gather AI offers a vision-based platform that equips off-the-shelf drones and strategically mounted cameras to scan barcodes, lot codes, expiration dates, damages, occupancy and other metrics across warehouse shelves. The system relies on classical Bayesian techniques combined with neural networks to create "curious" robots that decide what to inspect next, avoiding the hallucination issues seen in large language models. Data is fed directly into warehouse management systems so operators can detect low inventory, misplaced stock and safety risks, even in harsh environments like freezers. The technology stems from Carnegie Mellon University research where the founders built some of the first autonomous helicopters, positioning the company within the emerging "embodied AI" category. Customers include Kwik Trip, Axon, GEODIS and NFI Industries, and the team has grown to about 60 employees. To date, Gather AI has secured $74 million in venture funding that will be used to scale commercial deployments and enhance its product capabilities.

Participated · Series C · Feb 2024

ZEDEDA provides edge management and orchestration software (including the open-source EVE-OS architecture) that reduces the cost of managing distributed edge infrastructure while increasing visibility, security and control. The company delivers an integrated technology stack intended to simplify security and remote management of edge workloads and claims tens of thousands of nodes under management. ZEDEDA is expanding its global footprint with a newly opened Middle East headquarters in Abu Dhabi to house sales, engineering and customer support teams. It announced new regional cloud support to help customers meet data residency requirements while leveraging cloud-native technologies and AI capabilities. ZEDEDA plans to recruit local talent and develop partnerships with Middle East solution providers to strengthen its ecosystem. The company reports teams in the United States, Germany and India and positions the Abu Dhabi hub as a fourth strategic operations center. ZEDEDA offers edge management and orchestration software that reduces the cost of managing distributed edge infrastructure while increasing visibility, security and control. Its platform delivers instant time to value and supports modern AI-based applications with offerings such as ZEDEDA Edge Application Services and ZEDEDA Edge Kubernetes Service. The company reports tens of thousands of nodes under management and said nodes under management grew more than 300% year-over-year. Annual recurring revenue grew more than 250% year-over-year, and ZEDEDA counts 12 Global and Fortune 500 customers, including an automaker standardizing ZEDEDA across 70,000 dealerships, manufacturing facilities and service centers in 153 countries. ZEDEDA plans to use the new funding to expand sales and marketing, accelerate research and development, and continue hiring for sales and engineering roles globally. The company has teams in the United States, Germany and India and has achieved ISO/IEC 27001:2022 certification. ZEDEDA offers an edge management and orchestration platform that enables deployment and connection of cloud-native workloads—such as AI and computer vision—across distributed industrial environments. Its solution integrates with Emerson’s DeltaV automation system to extend DeltaV to the distributed edge and bridge IT and OT. The company is deployed within Fortune 500 firms across manufacturing, automotive, energy, and retail. ZEDEDA has quadrupled its nodes under management since 2021, signalling rapid operational growth. It recently closed a $26 million Series B financing. The firm positions its platform to modernize existing operations by delivering software-defined automation and extending cloud capabilities to the edge. The expanded relationship with Emerson includes both commercial integration and a strategic investment from Emerson Ventures. Zededa offers a software-as-a-service edge orchestration and virtualization stack that manages edge devices, guides deployments, and runs apps on bare-metal hardware or in virtual machines. Its product builds on the Linux Foundation’s EVE-OS and is vendor-agnostic, supporting devices from OEMs like SuperMicro. Use cases include monitoring sensors and security cameras, updating software in cell towers, and industrial deployments across IT infrastructure, industrial automation and oil & gas. The company reports its edge devices under management grew 4x in the past year while revenue grew 7x. Zededa has roughly a 100-person team across the U.S., Germany and India and plans to expand R&D, sales and marketing within the year. Future product focus includes improving ease of use and security, broadening integrations and enabling legacy-application updates and simplified AI/ML solutions. ZEDEDA provides a cloud-native, vendor-agnostic orchestration platform that enables enterprises, OEMs and system integrators to deploy and manage any application on any hardware at the distributed edge. Its as-a-service solution offers visibility, control and security for on‑premises, near‑premises and field edge deployments and supports any cloud or on‑premises system. The company plans to use new capital to scale operations and accelerate R&D, sales and marketing. ZEDEDA announced a highly oversubscribed $12.5M expansion to its Series A and has $28.5M in total funding to date. It expects to more than triple the number of customer edge nodes under management by mid‑2021. ZEDEDA is headquartered in San Jose, CA, with offices in Bangalore and Pune, India.

Participated · Equity · Nov 2013

Ovia Health, operating under its original name Ovuline, is a health IT company that applies big data and machine-learning algorithms to the fertility and pregnancy space. Its flagship Smart Fertility and Pregnancy Tracker mobile products analyze a woman’s unique cycle data, predict peak fertility windows, and provide personalized health guidance. The platform was built in collaboration with Harvard scientists, fertility experts, and a nationwide community of mothers, and it also integrates data from mobile health-tracking devices. Ovuline completed the Boston Techstars accelerator in November 2012 and is venture-backed by Lightbank, LionBird, Launch Capital, and Techstars founder David Cohen. The company positions itself as a tool for couples to get pregnant faster and experience healthier pregnancies. To support continued product development and growth, Ovuline has just secured an additional $1.1 million from its existing investor base.

Participated · Debt Financing · Nov 2013

Redfin is an online-centric real estate brokerage that runs its own full brokerage operations rather than relying solely on referrals. The company hires agents on salary (not commission) and integrates local MLS data as it launches in new markets. In markets where regulations permit, Redfin refunds up to half of the buyer’s agent fees. Redfin is currently active in 48 U.S. markets, up from 22 two years earlier, and its agents have closed over $20 billion in home sales. The company completed its first acquisition earlier this year when it bought Walk Score and has indicated it may pursue more small acquisitions. Management says it will use new capital to expand into additional markets and accelerate local market-share growth. Redfin operates a technology-driven real estate brokerage featuring map-based search and tools that streamline home transactions. Its platform includes tour-scheduling, an online deal room and targeted digital campaigns for listings. Agents receive bonuses based on customer satisfaction rather than solely on the sale. The company intends to use the new capital to develop technology to further improve the home buying and selling process. Redfin currently serves 22 U.S. markets and has closed more than $13 billion in home sales. The company is led by CEO Glenn Kelman and had previously raised $45.7M in venture capital. Redfin operates an online real-estate service aimed at reducing inefficiencies and transaction costs for home buyers and sellers. Since launching in 2006, its users have purchased or sold more than $6 billion in homes through the service. The company reports an average savings of more than $7,000 per transaction and says it has saved users $85 million in aggregate. Redfin cites high user satisfaction (97% of past users would recommend the site) and notes most users are first-time buyers or sellers, with the fastest-growing segment being customers over 45. The company is continuing to raise capital to expand and push its effort to "reinvent the real estate market." Its recent financing activity has materially increased its total capital raised. Redfin operates an online real estate marketplace and brokerage that combines rich MLS data, a highly rated iPhone app, and in-person agent-led home viewings booked online. Buyers receive a refund of 50% of Redfin's commission at closing; sellers pay a flat $5,000–$7,000 fee (with a $1,000 discount if also buying through Redfin). The company says customers appreciate the service and has closed more than $2 billion in home sales since launching in February 2006. Redfin reported profitability over the summer and has exceeded a $20 million revenue run rate (up from $15 million the prior summer), and it has roughly quadrupled in size since 2008. The service is available across multiple U.S. markets including Boston, Chicago, Seattle, Washington DC, Baltimore, Long Island/Westchester, and most of California (including the Bay Area, Southern California, and Sacramento). Given the roughly $1 trillion U.S. home market, the article frames significant room for growth. Redfin is a Seattle-based real estate website that combines MLS listing information and historical sales data into a single interactive map. The company represents buyers through a call center of licensed real estate professionals and reimburses two-thirds of the buy-side real estate fees at closing, with the average home buyer saving around $10,000. Redfin also represents sellers and aims to remove agents from at least half of home sales. Since a May profile on 60 Minutes, the company has completed more than $350 million in real estate transactions and has saved customers around $6 million in commissions. Its business model has prompted pushback from realtors trying to limit MLS access, block customer reviews, refuse Redfin offers, and in some cases vandalize signs.

Participated · Series E · May 2013

Apptio is a Bellevue, WA-based provider of on-demand Technology Business Management (TBM) solutions that help IT teams manage the cost, quality and value of IT services. The company offers an on-demand TBM platform used by global enterprises including Bank of America, Boeing, JPMorgan Chase, Microsoft, St. Luke’s Health System and Swiss Re. Apptio intends to use its latest funding to grow its technology platform and expand its international presence, most immediately in Western Europe. The company is led by founder and CEO Sunny Gupta and CFO Kurt Shintaffer and currently employs nearly 350 people. Financially, Apptio closed a $45M Series E and has raised $136M to date. Prior disclosed financings include a $50M Series D and a $16.5M Series C. Apptio offers on-demand Technology Business Management (TBM) software that gives enterprises visibility into the total cost of IT services, an interactive “Bill of IT,” and tools to align planning, budgeting and forecasting. Its products are designed to help companies understand and drive key technology initiatives and communicate IT value to the business. The company serves more than 85 global enterprise customers, including Bank of America, Boeing, British Petroleum, Cisco, JPMorgan Chase and Swiss Re. Apptio employs more than 250 people and is continuing to hire. The company plans to use new capital to further develop its TBM platform, expand market penetration and increase customer adoption. Leadership includes president, co-founder and CEO Sunny Gupta; the company also appointed board member Tom Bogan as chairman. Apptio provides SaaS-delivered Technology Business Management solutions that create a single source of record for IT financial and operational data. Its platform includes data analytics to drive real-time decision support and applications to automate TBM challenges and streamline business processes. Apptio delivers the technology on-demand in a SaaS model to maximize business value. Customers include Alaska Airlines, Blue Cross Blue Shield, BNP Paribas, Cisco, Expedia, Hallmark, JPMorgan Chase and Starbucks. The company reported 300% year-over-year bookings growth. Apptio has recruited more than 30 employees year-to-date and expects 30 additional hires by the end of 2010.