How many investments has Applied Ventures made?

Applied Ventures has 32 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.

Where is Applied Ventures located?

Applied Ventures is headquartered in Santa Clara, US.

Applied Ventures

Venture capital

Santa Clara · Seed–Late Stage · 16 people tracked

Also known as APPLIED VENTURES, LLC

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2,726 people in our graph share verified history with the Applied Ventures team — schools, employers, funds. One of them is your warm intro.

Rajesh Swaminathanunlockedknows Rajesh Ramanujam · together at Applied Ventures (overlapped)

knows the team · via AquaHydrex

knows the team · via SABIC

knows the team · via Panasonic

knows the team · via Cowen and Company

×6knows the team · via BP

✨ Fox Verdict

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.

Invests inAdvanced Manufacturing Cleantech Energy Hardware Medical Devices New Materials SaaS Semiconductors India Santa Clara United States

Source: firm website, verified Jul 28, 2026.

Stage

Seed–Late Stage

Check

$500K – $3M

Santa Clara, California, US

Instruments

Equity

Founded

2005

Last 12 months

4 investments

AUM

$100M

VC funds

Tracked investments

Unicorns

IPOs

Acquisitions

Team · 16 people

from public directories

Edward Le Cesne Byrne· General Partner

Hann-Ching Chao· General Partner

Nancy Ludgus· General Partner

Andrew Hinkly· Managing Partner· London, England, United Kingdomin 𝕏

Founding Managing Partner of AP Ventures with over 30 years in the automotive, mining and venture capital industries, including senior roles at Anglo American and Ford Motor Company. He serves on several portfolio company boards.

a•••@apventures.comreveal

Kevin Eggers· Partner· London, England, United Kingdomin 𝕏

Founding Partner of AP Ventures with nearly 25 years of international experience across Europe, South Africa and the US, including 10 years at Anglo American in commercial and corporate finance roles. He sits on several portfolio company boards.

k•••@apventures.comreveal

Blair Georgakas· Principal

b•••@amat.comreveal

Brad McManus· Senior Investment Director· Flowery Branch, Georgia, United Statesin

Brad McManus is a retired corporate venture capital investor whose career included roles as Senior Investment Director at Applied Ventures, Managing Director at Motorola Solutions Venture Capital, and Managing Director at Panasonic Venture Group. He co-founded Capbridge Ventures and earlier held positions in venture startups and institutional public growth stock investing, including President and COO of Guild Investment Management. He holds a BS in Finance and Economics and an MBA with an emphasis in Finance, both from Northern Illinois University, and has served as a board member of the IBF Corporate Venturing and Innovation Partnering Conference and a founding board member of the Strategic Venture Association.

b•••@amat.comreveal

John Wei· Senior Director· Houston, Texas, United Statesin

John Wei is a Senior Director at Applied Ventures, where he focuses on venture investments across semiconductor, computing infrastructure, AI/ML, advanced manufacturing, robotics, advanced materials, and sustainability. He previously served on the SABIC Ventures investment team, leading investments in advanced materials, energy, sustainability, manufacturing, and agriculture across North America, Europe, and Asia, and earlier held commercial and technical roles at The Linde Group and General Electric in the petrochemical, power generation, alternative energy, and oil and gas industries. Wei holds a Bachelor's degree from Tsinghua University and a PhD from Rutgers University, both in Chemical Engineering, along with a Master's in Computer Science from Rutgers and an MBA from UCLA with a focus in Finance and Entrepreneurship.

j•••@amat.comreveal

Rajesh Ramanujam· Director· San Francisco Bay Areain

r•••@amat.comreveal

James Diaz-Sokoloff· Venture Partner· London, England, United Kingdomin

Senior Investment Manager responsible for portfolio management strategy, closing investments, and research across Fund III areas including low-carbon and circularity. Joined in 2019 after five years with BP Upstream Exploration.

j•••@apventures.comreveal

Anand Kamannavar· Global Head

a•••@amat.comreveal

Omkaram Nalamasu· President· San Jose, California, United Statesin

Omkaram Nalamasu is Chief Technology Officer and Senior Vice President of Applied Materials, and President of Applied Ventures, LLC, the company's venture capital arm, which he has led for over 13 years, overseeing investments of $500 million in nearly 100 deep-tech startups across 19 countries. His prior experience includes work at Bell Labs and Rensselaer Polytechnic Institute, and he holds more than 300 patents and has published over 170 papers in fields including semiconductors, display, optics, quantum, batteries, and life sciences. He is a member of the National Academy of Engineering, an IEEE Fellow, and a recipient of the IEEE Frederik Phillips Award and multiple American Chemical Society national awards.

o•••@amat.comreveal

Chung Hang Tang· Associate· Singaporein

Chung Hang Tang is a Senior Principal for software investments at EDBI Pte Ltd, where he identifies and invests in enterprise software and emerging technology startups in the US with focus on Asian market expansion. He brings over a decade of venture capital and growth equity experience across the US and Asia, working with portfolio companies on scaling, partnerships, and go-to-market strategy.

Risei Goto· Investor· London, England, United Kingdomin

r•••@apventures.comreveal

Sengo Garrine· City of Johannesburg, Gauteng, South Africain

s•••@apventures.comreveal

Tony Chao· Investor· Menlo Park, California, United States

Tony Chao is a Partner at Tyche Partners with more than two decades of experience in venture capital and technology. He previously served as General Manager of Applied Ventures, the venture arm of Applied Materials, where he managed a portfolio of over 60 companies valued at more than $250M, and chaired the NVCA CVG group. Earlier in his career he held technology leadership roles at Boston-area startups including Cymfony and Lobby7. He holds BS and Master's degrees in Electrical Engineering and Computer Science, a Bachelor's in Management Science from MIT, and an MBA from Harvard Business School.

t•••@tychepartners.comreveal

What they invest in

from 23 of 32 portfolio companies

Deep Tech ×13Cleantech ×10Hardware ×8Energy ×7Advanced Manufacturing ×6Climate Tech ×6Semiconductors ×5AI & Machine Learning ×4

HQs:United States×18France×2United Kingdom×1India×1New Zealand×1Singapore×1

Investments · 32 tracked

founders shown can be your intro path

By year:2026 · 2 2025 · 4 2024 · 2 2023 · 3 2022 · 5 2021 · 5 2020 · 1 2019 · 1 2018 · 2 2011 · 126 dated

Enphase Energyenphase.com in 𝕏NASDAQ: 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 Ventures Kleiner Perkins Third Point Ventures Bay Partners Third Point

MICROOLEDmicrooled.net in✓ 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)in Thierry Bissuel(CEO)in Faustine Gehin(CFO)in

Co-investorsJolt Capital Bpifrance Ventech Cipio Partners

Qolabqolab.ai in✓ 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 Llc Phoenix Venture Partners Development Bank of Japan WARF

Aether Fuelsaetherfuels.com inSeries 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)in Dhaval Shah(Chief Technology Officer)in

BoardMichelle Robson(Director)inPhilippe Inagaki(Director)

Co-investorsXora Innovation Pte Ltd AP Ventures CDP Venture Capital Foothill Ventures JetBlue Ventures SKY VC +5 more

Airhiveairhive.earth inPre-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 Ventures Brinc Eka Ventures

Augmentusaugmentus.tech inOct 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 Capital Sierra Ventures

Avegantavegant.com inSep 2018 · $12M

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)in Allan Evans(Executive Officer)inAnnie Rogaski(Executive Officer)in Joerg Tewes(Executive Officer, Director)inNeil Welch(Executive Officer)inYobie Benjamin(Executive Officer)

Co-investors500 Global ID Ventures LG Technology Ventures China Walden Venture Investments Intel Capital Walden Catalyst +1 more

Crew Carboncrewcarbon.com inSeries 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 Ventures BURNT ISLAND VENTURES Connecticut Innovations Counteract One Echo River Capital Emerald Technology Ventures Ag +3 more

Exo Imagingexo.inc in 𝕏Aug 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 Partners Creative Ventures Page One Ventures TDK Ventures Intel Capital OSF Ventures +5 more

Fabrumfabrum.nz inSeries 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.co inSeed · 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)in Tawfiq Nasr Allah(CTO)in

Co-investorsAP Ventures Entrepreneur First SGH Capital

Infinitum Electricinfinitumelectric.com inMay 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)in Rick Tewell(Executive Officer)in

BoardBenoit Grobon(Director)Jaime Aguirre(Director)

Co-investorsCottonwood Technology Fund Marunouchi Innovation Partners Aventurine Partners Chevron Technology Ventures Energy 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 Ventures 8090 Industries Brookfield 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 Ventures Oregon Venture Fund Air Liquide Venture Capital (ALIAD)Intel Capital Samsung Venture Investment Corporation Samsung Ventures

Leadoptikleadoptik.com in 𝕏Jun 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 Corporation TSVC SOSV

Lightspeed Photonicslightspeedphotonics.com inSep 2023

LightSpeed Photonics builds modular optoelectronic processors and optical interconnects aimed at bandwidth-intensive computing workloads.

Advanced ManufacturingDeep TechMedia & EntertainmentBangalore, IN

Rohin Yelurpati(CEO)inDinesh Natesan(Cofounder)inRohin Kumar

Co-investors500 Global Entrepreneur First Merak Ventures growX Ventures pi Ventures YourNest Venture Capital

Metalenzmetalenz.com in 𝕏May 2020

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

Deep TechHardwareSemiconductorsStoneham, US

Federico Capasso(Director)Rob Devlin(Founder)in

Board Xuhui Shao(Director)in

Co-investorsBantam Group Braemar Energy Ventures Foothill Ventures Global Brain Intel Capital M Ventures +7 more

Noble Gas Systemsnoblegassystems.com inSeries 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)

Board Andrew Hinkly(Director)in Andrew R. Hinkly(Director)inJerome Breteau(Director)Matthew L. Hoffman(Director)

Co-investorsAP Ventures In-Q-Tel

Rescalerescale.com in 𝕏Apr 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)in Adam McKenzie(Founder and Chief Technology Officer)in

BoardToshiya Otani(Director)Yanev Suissa(Director)in

Co-investorsDCVC (Data Collective)Ff Venture Capital Flucas Ventures Hitachi Ventures Keen Venture Partners M12 (Microsoft's Venture Fund)+18 more

Rubi Labsrubi.earth in 𝕏Mar 2026 · $8M

Rubi develops biotechnology solutions for sustainable manufacturing in the fashion and textiles industry.

Advanced ManufacturingBiotechCleantechClimate TechNew MaterialsSan Francisco, US

Neeka Mashouf(Co-founder)inLeila Mashouf(Co-founder)in

BoardDaria Hosseinyoun(Director)in Rohini Finch(Director)in

Co-investorsAP Ventures Climactic Collaborative Fund Darco Capital Juniper Necessary Ventures +5 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-investorsBorski Fund Cambridge Innovation Capital Oxford Science Enterprises Perivoli Innovations Silicon Catalyst Deeptech Labs

Sempriussemprius.com in 𝕏Jul 2011Defunct

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 Partners Illinois Ventures In-Q-Tel

Spin Memory inNov 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.ai inSep 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 Corporation Naver D2SF Naver Solasta Ventures

Ultivueultivue.com in 𝕏Apr 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 Partners Northpond Ventures 6 Dimensions Capital Ally Bridge Group Kilonova Capital Pura Vida Investments +3 more

Other

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

Advanced Inquiry SystemsC-ZeroEH Group EngineeringHydrogen Mem-TechMixx Technologies Starfire EnergyZeroAvia

Exits · 2

1 IPOs · 1 acquisitions · showing 1

Enphase EnergyNASDAQ: ENPH

Portfolio news

latest coverage across their companies

MICROOLED raises an additional €8.5 million in funding - Microoled - Our best technology is vision

MICROOLED · microoled.net · Oct 22, 2025

Rescale Secures $115 Million to Accelerate Innovation with AI-Driven Digital Engineering - Rescale

Rescale · rescale.com · Apr 7, 2025

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.

Company	Owned	IPO price	At IPO	Stake value
Enphase Energy	4.6%	$6.00	Mar 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 32 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

Sony Ventures Corporation

Sony Innovation Fund is the corporate venture capital arm operated by Sony Ventures Corporation, investing in technology and entertainment startups worldwide.

Both backed · 2

Crew Carbon Leadoptik

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

Infinium

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

Aether Fuels

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

Crew Carbon

Ecosystem Integrity

Both backed · 1

ZeroAvia

Eniac Ventures

Eniac Ventures is an early-stage venture capital firm run by former startup operators that partners closely with founders from 0 to 1 to accelerate product-market fit.

$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

This page presents the corporate strategy of Rabobank, a Dutch cooperative bank focused on the Netherlands market, global Food and Agri banking, and lease/vendor finance solutions. It describes strategic drivers around customers, cooperative impact, colleagues, and financial resilience rather than a venture investment thesis.

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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