🦊/Investors

Applied Ventures

Venture capital

Santa Clara · Seed–Late Stage · 16 people tracked

Also known as Applied Ventures Innovation · APPLIED VENTURES, LLC

Find your way into Applied Ventures

2,871 people in our graph share verified history with the Applied Ventures team — schools, employers, funds. One of them is your warm intro.

Paul Kwanunlockedknows Rajesh Ramanujam · together at Stanford University (overlapped)
×2knows the team · via University of California, Berkeley, Haas School of Business
knows the team · via University of Bristol
knows the team · via London Business School
knows the team · via Barclays
knows the team · via Infinitum Electric
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Investment thesis

Applied Ventures is a corporate venture capital firm that invests in early-stage companies developing semiconductor, display, and related technologies that complement or expand the market for Applied Materials' products. The firm focuses on high-growth opportunities in these technology areas.

Source: firm website, verified Jul 28, 2026.

Stage
Seed–Late Stage
Check
$500K – $3M
HQ
Santa Clara, California, US
Instruments
Equity
Founded
2005
Last 12 months
4 investments
AUM
$100M
VC funds
3
Tracked investments
30
Unicorns
1
IPOs
1
Acquisitions
1

Team · 16 people

from public directories
Edward Le Cesne Byrne· General Partner
Hann-Ching Chao· General Partner
Nancy Ludgus· General Partner
Rajesh Ramanujam· Directorin

What they invest in

from 22 of 30 portfolio companies

Deep Tech ×12Cleantech ×10Hardware ×8Energy ×7Climate Tech ×6Advanced Manufacturing ×5Semiconductors ×5AI & Machine Learning ×4

HQs:United States×17France×2United Kingdom×1New Zealand×1Singapore×1

Investments · 30 tracked

founders shown can be your intro path

By year:2026 · 22025 · 42024 · 22023 · 22022 · 52021 · 52020 · 12019 · 12018 · 123 dated

Enphase Energyenphase.comin𝕏NASDAQ: ENPH

Enphase supplies microinverter-based solar and battery energy systems, along with EV charging and cloud-based monitoring and control tools, for homeowners and businesses.

CleantechEnergyHardware

Badri Kothandaraman(President and CEO)inBadrinarayanan Kothandaraman(President and Chief Executive Officer; Director)

Co-investorsCongruent VenturesThird Point VenturesBay PartnersThird Point

MICROOLEDmicrooled.netin✓ verified

MICROOLED designs and manufactures high-resolution, low-power OLED microdisplays for near-eye applications including augmented reality glasses, night vision equipment, and medical devices.

Deep TechDefense TechHardwareSemiconductorsGrenoble, FR

Eric Marcellin-Dibon(Founder)inThierry Bissuel(CEO)inFaustine Gehin(CFO)in

Co-investorsJolt CapitalBpifranceVentechCipio Partners

Qolabqolab.aiin✓ verified

Qolab applies advanced semiconductor fabrication and integration to build superconducting quantum hardware, addressing scaling bottlenecks such as qubit yield and component integration.

Deep TechQuantum ComputingSemiconductorsMadison, US

Alan Ho(Executive Officer, Director, Promoter)inJohn Martinis(CTO)inRobert McDermott(Director)

BoardMichael Kim(Director)

Co-investorsOctave Ventures LlcPhoenix Venture PartnersDevelopment Bank of JapanWARF

Aether Fuelsaetherfuels.cominSeries A · Jun 2024 · $34M

Aether Fuels develops technology to convert syngas and carbon feedstocks into sustainable fuels, using its Aether Aurora solution built on technology licensed from GTI Energy.

CleantechClimate TechEnergy

Conor Madigan(Founder and CEO)inDhaval Shah(Chief Technology Officer)in

BoardMichelle Robson(Director)inPhilippe Inagaki(Director)

Co-investorsXora Innovation Pte LtdAP VenturesCDP Venture CapitalFoothill VenturesJetBlue VenturesSKY VC+5 more

Airhiveairhive.earthinPre-Seed · Mar 2024

Airhive develops low-cost direct air capture (DAC) technology using fluidised beds, a mineral sorbent, and an electric calciner to remove CO2 from ambient air.

CleantechClimate TechDeep Tech

Rory Brown(Founder)in

Co-investorsAP VenturesBrincEka Ventures

Augmentusaugmentus.techinOct 2025

Augmentus develops intelligent robotic automation solutions that enable manufacturers to perform complex tasks like surface finishing and welding with minimal setup.

Advanced ManufacturingAI & Machine LearningRoboticsSingapore, SG

Daryl Lim(Founder)in

Co-investorsCocoon CapitalSierra Ventures

Avegantavegant.comin

Avegant develops LED light engine technology, including the AG-30L2, for lightweight augmented reality glasses.

Deep TechHardwareMedia & EntertainmentSemiconductorsSan Mateo, US

Edward Tang(Chief Executive Officer and Co-Founder)inAllan Evans(Executive Officer)inAnnie Rogaski(Executive Officer)inJoerg Tewes(Executive Officer, Director)inNeil Welch(Executive Officer)inYobie Benjamin(Executive Officer)

Co-investors500 GlobalID VenturesLG Technology VenturesChina Walden Venture InvestmentsIntel CapitalWalden Catalyst+1 more

Crew Carboncrewcarbon.cominSeries A · May 2026 · $19M

CREW is a Yale spinout that adds calcium carbonate (ground limestone) to wastewater treatment plants to intensify biological treatment, cut chemical costs, and permanently remove carbon dioxide.

CleantechClimate TechDeep TechNew Haven, US

Joachim Katchinoff(Co-founder & CEO)inNoah Planavsky(Co-Founder & Scientific Advisor)in

Co-investorsAP VenturesBURNT ISLAND VENTURESConnecticut InnovationsCounteract OneEcho River CapitalEmerald Technology Ventures Ag+3 more

Exo Imagingexo.incin𝕏Aug 2019 · $35M

Exo is a company backed by leading venture capital and corporate investors focused on innovative technologies, with particular emphasis on healthcare, bioelectronic medicines, materials science, and deep technology solutions.

AI & Machine LearningBiotechDeep TechHealthtechMedical Devices

Yusuf Haque(Founder)in

Co-investorsBold Capital PartnersCreative VenturesPage One VenturesTDK VenturesOSF VenturesSquareOne Capital+6 more

Fabrumfabrum.nzinSeries A · Feb 2023 · $23M

Fabrum is a precision engineering company based in Christchurch, New Zealand that develops advanced technologies including superconducting systems, cryocooling technology, and hydrogen solutions for transport, space, and aerospace industries.

CleantechDeep TechEnergyHardwareChristchurch, NZ

Hugh ReynoldsChristopher Boyle

Co-investorsAP Ventures

Fairbricsfairbrics.coinSeed · Mar 2022 · $7M

Fairbrics develops circular manufacturing processes that use captured waste CO2 as a feedstock to produce textile fibers, reducing reliance on fossil fuels.

Advanced ManufacturingCircular EconomyCleantechClimate TechNew MaterialsParis, FR

Benoit Illy(CEO)inTawfiq Nasr Allah(CTO)in

Co-investorsAP VenturesEntrepreneur FirstSGH Capital

Infinitum Electricinfinitumelectric.cominMay 2022 · $80M

Infinitum Electric develops high-efficiency electric motors optimized for data center cooling systems, delivering superior energy performance compared to conventional motors.

CleantechEnergyHardwareRound Rock, US

Bernhard Schuler(Executive Officer, Director)Bernard Schuler(Executive Officer, Director, Promoter)Bob Brown(Executive Officer)inRick Tewell(Executive Officer)in

BoardBenoit Grobon(Director)Jaime Aguirre(Director)

Co-investorsCottonwood Technology FundMarunouchi Innovation PartnersAventurine PartnersChevron Technology VenturesEnergy Innovation Capital

Infiniuminfiniumco.comSeries A · Jan 2021

Infinium develops technology across two platforms, Infinium Energy and Infinium Edge, converting waste emissions into sustainable products and supporting more efficient scaling of next-generation computing.

CleantechClimate TechEnergyNatick, US

Adam C. Powell, IV(Executive Officer, Director)Stephen J. Derezinski, III(Executive Officer, Director)

BoardMartin Capriles(Director)Craig Edelstein(Director)

Co-investorsAdvantage Partners Inc.AP Ventures8090 IndustriesBrookfield Asset Management

Inpriainpria.com

Inpria, a JSR company, designs and manufactures metal oxide EUV photoresists based on organometallic tin-oxide clusters for improved patterning resolution in chip production.

Deep TechNew MaterialsSemiconductorsCorvallis, US

Andrew Grenville(Executive Officer, Director)inAnn Carney Nelson(Executive Officer)

BoardJim LaCasse(Director)Dong-Su Kim(Director)inChristopher Progler(Director)

Co-investorsBandgap VenturesOregon Venture FundAir Liquide Venture Capital (ALIAD)Intel CapitalSamsung Venture Investment CorporationSamsung Ventures

Leadoptikleadoptik.comin𝕏Jun 2023

Leadoptik develops real-time microstructure imaging technology for pulmonary imaging and biopsy, aimed at interventional pulmonology clinicians.

Deep TechHealthtechMedical DevicesSan Jose, US

Mohammadreza Khorasaninejad(Executive Officer, Director)Jiang You(Founder)in

BoardConrad Burke(Director)

Co-investorsSony Ventures CorporationTSVCSOSV

Metalenzmetalenz.comin𝕏May 2020

Metalenz develops metasurface optics technology for optical sensing in consumer and industrial devices.

Deep TechHardwareSemiconductorsStoneham, US

Federico Capasso(Director)Rob Devlin(Founder)in

BoardXuhui Shao(Director)in

Co-investorsBantam GroupBraemar Energy VenturesFoothill VenturesGlobal BrainIntel CapitalM Ventures+7 more

Noble Gas Systemsnoblegassystems.cominSeries A · May 2022 · $4M

Noble Gas Systems develops and manufactures conformable high-pressure gas storage vessels for transportation and stationary applications in commercial, aerospace, and defense markets.

Advanced ManufacturingCleantechDefense TechEnergyHardwareNew MaterialsWixom, US

Chris Kondogiani(CEO)inOlga Alavanou(Director)

BoardAndrew Hinkly(Director)inAndrew R. Hinkly(Director)inJerome Breteau(Director)Matthew L. Hoffman(Director)

Co-investorsAP VenturesIn-Q-Tel

Rescalerescale.comin𝕏Apr 2025 · $115M

Rescale provides cloud-based engineering and R&D platform with simulation, modeling, and digital engineering tools for enterprise engineering teams across multiple industries.

AI & Machine LearningCloud ComputingDeep TechDeveloper ToolsEnterprise SoftwareSan Francisco, US

Joris Poort(Founder and Chief Executive Officer)inAdam McKenzie(Founder and Chief Technology Officer)in

BoardToshiya Otani(Director)Yanev Suissa(Director)in

Co-investorsDCVC (Data Collective)Ff Venture CapitalFlucas VenturesHitachi VenturesKeen Venture PartnersM12 (Microsoft's Venture Fund)+18 more

Rubi Laboratoriesrubilaboratories.comin𝕏Mar 2026 · $8M

Rubi uses enzymes to capture CO2 and convert it into cellulose, producing textile materials through a carbon-negative process that avoids extraction and biodegrades at end-of-life.

Advanced ManufacturingCleantechClimate TechNew MaterialsAlameda, US

Neeka Mashouf(Executive Officer, Director)inLeila Mashouf(Executive Officer, Director)in

BoardDaria Hosseinyoun(Director)inRohini Finch(Director)in

Co-investorsAxial VCCapitalXClimacticCollaborative FundDarco CapitalGiant Ventures Global Llp+3 more

Salience Labssaliencelabs.aiFeb 2025 · $30M

Spin-out from the Universities of Oxford and Munster developing a novel semiconductor chip.

Vaysh Kewada(Founder)in

Co-investorsCambridge Innovation CapitalOxford Science EnterprisesPerivoli InnovationsSilicon CatalystDeeptech Labs

Sempriussemprius.comin𝕏Defunct

Semprius was a Durham, NC developer of micro-transfer-printed high-concentration photovoltaic solar modules, spun out of the University of Illinois.

Durham, US

JOHN ROGERS(Executive Officer, Director)JOSEPH CARR(Executive Officer, Director)HELENA YEE(Executive Officer)JACK BARRY(Executive Officer)

BoardGREG WOLF(Director)CLINTON BYBEE(Director)in

Co-investorsARCH Venture PartnersIllinois Ventures

Spin MemoryinNov 2018

Fremont, US

John Kispert(Director)Joseph Pignato(Director)inJill Smith(Director)Tom Sparkman(Executive Officer, Director)Surajit Datta(Director)in

Co-investorsARM

Summer Roboticssummerrobotics.aiinSep 2025

Summer Robotics builds laser-event sensing technology, a camera-free perception system that lets industrial robots recognize, track, measure, and adapt to parts in real time with 100-micron precision and fast reaction times.

Advanced ManufacturingHardwareRoboticsCampbell, US

Gerard Dirk Smits(Director)Schuyler Alexander Cullen(Executive Officer, Director)

Co-investorsAju IB Invesment CorporationNaverSolasta Ventures

Ultivueultivue.comin𝕏Apr 2021Acquired

Vizgen develops high-throughput spatial profiling technologies, including MERFISH-based spatial genomics and spatial proteomics tools for life science research and precision oncology.

AI & Machine LearningBiotechDeep TechHealthtechMedical DevicesCambridge, US

George Emanuel(Scientific Cofounder, VP & Portfolio Owner, Instruments)inJiang He(Scientific Cofounder, VP & Portfolio Owner, Reagents & Scientific Affairs)inXiaowei Zhuang(Founder; Professor, Harvard University)inFenel Eloi(Director)Rob Carson(Chief Executive Officer)inSimona Levi(Chief Legal Officer)in

Co-investorsARCH Venture PartnersNorthpond Ventures6 Dimensions CapitalAlly Bridge GroupKilonova CapitalPura Vida Investments+3 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

C-ZeroEH Group EngineeringHydrogen Mem-TechMixx TechnologiesStarfire EnergyZeroAvia

Exits · 2

1 IPOs · 1 acquisitions · showing 1

Enphase EnergyNASDAQ: ENPH

Portfolio news

latest coverage across their companies

IPO stake values · per SEC filings

Value of this firm's stake in each portfolio company at its IPO price, from the prospectus principal-stockholder table.

CompanyOwnedIPO priceAt IPOStake value
Enphase Energy4.6%$6.00Mar 2012$11M

Source: SEC S-1 / 424B prospectus filings. Stake value = shares beneficially owned × the initial public offering price, as disclosed — a market value at IPO, not a return multiple (the firm's original cost is not disclosed).

Frequently asked questions

How many investments has Applied Ventures made?
Applied Ventures has 30 tracked investments, 2 of which have exited, including 6 dated in the last 24 months.
What stage does Applied Ventures invest at?
Applied Ventures invests at the Seed, Series A, Late Stage stages.
What is Applied Ventures's typical check size?
Applied Ventures typically writes checks of $500K – $3M.
What sectors does Applied Ventures focus on?
Applied Ventures focuses on Advanced Manufacturing, Cleantech, Energy, Hardware, Medical Devices, New Materials, SaaS, Semiconductors.
Where is Applied Ventures located?
Applied Ventures is headquartered in Santa Clara, US.

Co-investors · 12

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Both backed · 2
Breakthrough Energy Ventures

Breakthrough Energy, founded by Bill Gates, backs innovators developing affordable, reliable, and clean energy technologies, investing across manufacturing, electricity, agriculture, transportation, and buildings.

Both backed · 1
ZeroAvia
$500K – $50M
8090 Industries

8090 Industries is an investment firm that partners with established industrial companies to invest in and accelerate the next generation of category-leading industrial businesses.

Both backed · 1
JetBlue Ventures

JetBlue Ventures (now SKY VC) is the corporate venture capital arm founded as JetBlue's investment vehicle, investing in and partnering with early-stage startups reshaping travel and transportation.

Both backed · 1
BURNT ISLAND VENTURES

Burnt Island Ventures is a venture firm that finds, funds, and supports founders building water-focused companies to address climate and water challenges.

Both backed · 1
Ecosystem Integrity
Both backed · 1
ZeroAvia
Eniac Ventures

Eniac Ventures partners with early-stage founders, backing companies from 0 to 1.

$1.2M
Matrix

Early-stage venture capital firm investing from idea through Series A, led by former founders and company builders who partner with technically-grounded entrepreneurs with clear visions.

$100K – $10M
Prime Ventures

Prime Ventures is a European venture capital firm that backs technology companies, supporting founders in scaling their businesses.

$5.4M – $16.2M
Matter Venture Partners

Matter Venture Partners is a venture capital firm focused on HardTech, combining deep operational experience and relationships with industry leaders to help HardTech startups scale.

MiLA Capital

MiLA Capital is Southern California's only hardware-focused accelerator that built and operates Toolbox LA, a large makerspace where founders prototype on the same mass-manufacturing equipment they'll later scale on, including PCB lines, injection molding, and CNC machines. Their program forces founders to "stay ugly longer" through a structured four-month process with daily accountability tracking, while their founding team brings unusually operations-heavy backgrounds from Boeing satellites, contract manufacturing, and cultural anthropology rather than pure finance pedigrees.

$75K – $350K
Rabo Investments

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Firms observed investing alongside Applied Ventures, from public investor directories. Shared companies are the overlap with Applied Ventures's recorded portfolio.

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