U.S. Army — 2022 Investments

Swifty is a branding and design agency that develops brand strategies, identities, and digital experiences for businesses and organizations.

Marketing Tech

Altron provides engineering services, technology solutions, and professional services to federal and commercial clients.

AI & Machine LearningCybersecurityDefense TechDeveloper ToolsEnterprise SoftwareGovTech

Mike Gercken(President)Mike Zaramba(Chairman of the Board and Chief Financial Officer)

BiotechWatertown, US

Kenneth Rothschild(Executive Officer, Director)inMichael Easterling(Director)John Gillespie(Executive Officer, Director)Peter Finn(Executive Officer)Brian Rothschild(Director)

AnalySwift develops VABS, a cross-sectional analysis tool that models composite beams and slender structures (such as helicopter rotor blades and wind turbine blades) with the accuracy of detailed 3D finite element analysis but at a fraction of the computational time.

Advanced ManufacturingAI & Machine LearningDeep TechDefense TechNew MaterialsSaaSIndiana, US

Allan Wood(President & CEO)Wenbin Yu(Chief Technology Officer)

Anthro Energy develops advanced electrolytes and high-performance battery cells to improve energy density, safety, and form factor in battery technology.

Deep TechEnergyHardwareNew MaterialsSan Jose, US

David Mackanic(Co-Founder & CEO)inJoe Papp(Co-Founder & CTO)in

Co-investorsAmino CapitalCollaborative FundDorm RoomUnion Square Ventures (USV)Voyager PartnersEnergy Revolution Ventures+2 more

Applied Intuition develops physical AI software for autonomous and intelligent machines, including vehicles, robots, ships, and satellites across industries like automotive, defense, logistics, and manufacturing.

AI & Machine LearningDeep TechDeveloper ToolsEnterprise SoftwareRoboticsSunnyvale, US

Qasar Younis(Co-founder and CEO)inPeter Ludwig(Co-founder and CTO)in

Co-investors137 VenturesAndreessen HorowitzCoatue ManagementElad GilEQUIAMFloodgate+23 more

Augmntr is a systems engineering and software development firm that builds real-time intelligence systems combining edge AI, multi-modal sensing, and spatial computing for use in low-bandwidth, time-critical environments.

AI & Machine LearningDeep TechDefense TechGrass Valley, US

Lafe Redd(Co-Founder & CEO)inAlex Pavloff(Co-Founder & CTO)inBrian Lafe Redd(Executive Officer, Director)

Ballydel Technologies develops novel materials and manufacturing processes for use in pharmaceutical, defense, energy, and consumer goods applications.

Advanced ManufacturingDeep TechNew Materials

Co-investorsThe Innovation Space

Barrow Green develops elastocaloric cooling and heating technology that does not rely on hydrofluorocarbons, offering energy-efficient solutions for both small-scale and large-scale applications.

CleantechClimate TechDeep TechEnergyHardware

BO Materials develops novel materials for industrial applications across trillion-dollar industries.

AI & Machine LearningDeep TechNew MaterialsSemiconductorsMassachusetts, US

Michael Segal(Executive Officer, Director)inAnvesh Gurijala(Executive Officer, Director)

BoardDavid Miller(Director)inDwight Poler(Director)Andrew Goldman(Director)

Co-investorsAccelr8ACVC PartnersClean Energy VenturesCollaborative FundDiamond Edge VenturesGood Growth Capital+3 more

Carbon Limit develops technologies and solutions for the cement and concrete industry to improve operational performance while reducing environmental impact.

CleantechClimate TechConstruction TechWellness & FitnessBoca Raton, US

Jeremy Healey(CEO)in

Co-investorsTechstars

CoachMePlus provides a software platform for sports scientists and coaches to centralize athlete performance data from multiple sources, visualize real-time insights, and automate training analysis and monitoring.

HealthtechSaaSSports TechWellness & FitnessBuffalo, US

Kevin DawidowiczinLiz Young(Co-founder)inMike Dawidowicz(Co-founder & VP of Technology)inTeo Balbach(CEO)in

Co-investorsSocial Starts

Cusatis Computational Services (CCS) develops software tools for structural modeling and analysis, including forensic analysis of structural failures, blast-effect simulation, and multiphysics/multiscale modeling of material degradation.

AI & Machine LearningConstruction TechDeep Tech

Gianluca Cusatis(Founder)Matthew Troemner

Dark Wolf provides full-stack software development, UI/UX design, microservice architecture, and application modernization services for mission-critical systems, primarily serving U.S. government and defense customers.

Cloud ComputingCybersecurityDefense TechDeveloper ToolsEnterprise Software

Rick Tossavainen(Chief Executive Officer)inSteve Bailey(Chief Operating Officer)inOliver Sadorra(Chief Growth Officer)Bryce Petty(Chief Technology Officer)

Co-investorsRazor's Edge Ventures

Division by Zero Labs is a contract R&D lab specializing in spray drying, formulation, and process development, offering custom powder development from lab scale through piloting and commercialization.

Advanced ManufacturingDeep TechNew Materials

Steve Rowley(Founder)

E-volv develops commercial superconducting products for industrial applications.

Advanced ManufacturingCleantechDeep TechEnergyHardwareNew Materials

Earth Science Systems manufactures the Asphalt Pavement Scanner, a radar-based inspection system that provides real-time maps of compaction, density, temperature, and roughness for quality assurance and quality control during asphalt pavement construction.

Construction TechDeep TechHardwareIoT

Enexor develops small-scale renewable energy and carbon conversion systems that convert organic and plastic waste into clean energy and biogenic carbon products.

Circular EconomyCleantechClimate TechEnergyNashville, US

Lee Jestings

Epiq Solutions designs and manufactures software-defined radio (SDR) hardware and platforms for defense applications, including low size-weight-power radio architectures for signal intelligence, electronic warfare, and communications tasks across airborne, naval, ground, and space platforms.

AI & Machine LearningDeep TechDefense TechHardware

Co-investorsVeritas Capital

Evren Technologies develops bioelectronic therapeutic devices using transcutaneous vagus nerve stimulation (taVNS) to treat PTSD and other neurological and psychiatric conditions.

BiotechDeep TechDigital HealthHealthtechMedical DevicesMental Health

Weaver Gaines(Chairman)

Expedition Technology develops signal, image, and multi-INT solutions for defense and intelligence agencies, addressing complex command, control, communications, computer, intelligence, surveillance, and reconnaissance challenges.

AI & Machine LearningDeep TechDefense Tech

Greg Harrison(Chief Technology Officer)

Co-investorsEnlightenment CapitalRazor's Edge Ventures

FluxWorks develops magnetic gearing technology for motion systems, replacing traditional mechanical gears with contactless magnetic solutions.

Advanced ManufacturingDeep TechHardwareRoboticsTexas, US

Bryton Praslicka(Chief Executive Officer)

BoardBradley Harrison(Director)in

Co-investorsACADEMY INVESTORAggie Angel NetworkAIN VenturesHouston Angel NetworkScout VenturesScout Ventures+1 more

Cincinnati, US

Joseph Edward Sprengard(Executive Officer, Director)Vesselin Shanov(Executive Officer, Director)Mark Schulz(Executive Officer, Director)

BoardJeb Head(Director)William Noack(Director)

GreenSight develops and manufactures catalog and fully custom robotic vehicles, selling standard designs directly as well as designing bespoke units for customers' specific applications.

AgTechDefense TechEdTechHardwareRoboticsBoston, US

James Peverill(Executive Officer, Director)inJustin McClellin(Executive Officer, Director)Joel Pedlikin(Executive Officer, Director)inWayne Crandall(Director)

Co-investorsEmerald Development Managers

ILW builds data and machine-learning software that turns raw data into analytics and decision support, offering tools for insight generation, additive manufacturing part evaluation, data cleansing, and predictive logistics.

Advanced ManufacturingAI & Machine LearningData & InfrastructureDefense TechEnterprise SoftwareDayton, US

InergyTek makes portable power stations, including the Flex Tactical Power Station, developed through work with the U.S.

Defense TechEnergyHardware

Co-investorsOUTPOST VENTURES

Kairos Research conducts applied research on human-AI collaboration and cognitive systems for clients in commercial, academic, and government sectors.

AI & Machine LearningDeep TechDefense TechDayton, US

Dr. Brandon (Brad) Minnery(Founder and CEO)Ebi Maki(Co-founder and COO)

Language Computer develops natural language processing systems including question answering, document summarization, and textual inference for government and enterprise applications.

AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareGovTech

Legionarius builds physiological monitoring smart garments that detect penetrating, ballistic, and hemorrhage wounds in real-time and transmit casualty geolocation, wound data, and vital signs to medics and command.

Defense TechHardwareHealthtech

Lunewave develops cutting-edge antenna and sensor technology for automotive advanced driver assistance systems, autonomous vehicles, wireless communications, robotics, and drones.

AI & Machine LearningHardware

John Xinin

Co-investorsblue 9 capitalBMW i VenturesFoothill VenturesFraser McCombs CapitalProeza VenturesThird Sphere

Co-investorsDecisive Point

MatrixSpace builds AI-enabled radar and multi-sensor counter-drone (C-UAS) detection systems that fuse radar, optical, and remote ID data with an edge-to-cloud platform to detect, classify, and track drones.

AI & Machine LearningDefense TechHardwareBurlington, US

Mark Twaalfhoven(Director)inWaters L. Gregory(Executive Officer, Director, Promoter)Jose Martinez Lorenzo(Director)Robert Broggi(Director)Gregory L. Waters(Executive Officer, Director)

BoardChristian Gallagher(Director)

Co-investorsIntel CapitalOTB VenturesRaptor Group

Megaray manufactures high-intensity illumination systems for military, border security, and law enforcement applications, featuring patented optical technology for long-range visible and infrared illumination.

Defense TechHardwareQueens, US

Metawave develops advanced automotive and aerial imaging radar technology using analog beamforming and Antenna-in-Package modules to provide long-range, high-resolution ADAS sensing in all weather conditions.

HardwareMobility & TransportationSemiconductors

Maha Achour(CEO, CTO & Founder)Sandy Godsey(COO, CLO & Co-Founder)Conny Marx(Chief Customer Officer)inHarry Oesman(CFO)

Co-investorsBold Capital PartnersReshapeKhosla VenturesMotus Ventures, LlcThyra Global Management

MI is the for-profit commercialization arm of MTU/MTRI, formed to capitalize and monetize intellectual property and innovations arising from MTU/MTRI funded research.

Deep Tech

Gregory Leonard(President & Board Chairman)Jim Baker(Secretary)Suzanne Morin(Treasurer)Nikola Subotic(Board of Directors)Robert Shuchman(Board of Directors)

Broomfield, US

Brett Anderson(Executive Officer)inJerry Dinges(Executive Officer)Michael Sarkesian(Director)German Nunez(Director)Benjamin Tarr(Executive Officer, Director)

Paragon Robotics develops monitoring systems, weight-based inventory management scales, business automation software, and industrial controls, along with engineering and manufacturing services.

HardwareIoTLogistics & Supply Chain

Piersica develops solid-state lithium-metal batteries based on a proprietary lithium-conductive polymer separator and a fiber-based 3D lithium-metal anode, targeting energy densities around 600 Wh/kg.

CleantechEnergyNew MaterialsTallahassee, US

Joseph B. Schlenoff(Founder)Amir Rmaile(Founder)in

Co-investorsJuniperSeraph Group

PseudolithIC develops mm-wave RF components including power amplifiers, low-noise amplifiers, and transmit/receive front-ends, using heterogeneous integration of compound semiconductors and silicon.

Deep TechHardwareSemiconductors

Co-investorsEntrada VenturesFoothill VenturesUncork Capital

QLED Cures is a science company working in the semiconductor and photomedicine fields, developing light-based medical technology and transferring research into commercial products.

Deep TechMedical DevicesNew MaterialsSemiconductorsSpace Tech

QuinStar designs and manufactures millimeter-wave (MMW) and RF components, assemblies, and subsystems for applications in communications, scientific research, and defense.

Deep TechDefense TechHardwareSpace Tech

QuSecure provides a cryptographic management platform that discovers, remediates, and reports on encryption across cloud, on-premises, and legacy systems.

Crypto & Web3CybersecurityEnterprise SoftwareQuantum ComputingSan Mateo, US

Rebecca Krauthamer(Founder)inDave Krauthamer(Founder)in

Co-investorsKickstart InnovationTechstarsTwo Bear CapitalAccenture Ventures

re:3D manufactures Gigabot, an industrial-grade 3D printer designed for large-scale manufacturing at a fraction of typical costs.

Advanced ManufacturingDeep TechHardwareImpact & Social GoodAustin, US

Hap Arnold

Renaissance Services is a systems engineering firm serving the aerospace and defense industry, providing rapid delivery of low-volume, hard-to-get replacement parts and integrating digital technologies for engineering and manufacturing.

Advanced ManufacturingDeep TechDefense Tech

Resilient Energy & Infrastructure (REI) designs, builds, and commissions transportable microgrid systems that integrate renewable solar (its patented ExoSolar PV arrays), battery storage, power electronics, and energy management software into ruggedized ISO containers (Rapid Deployment Hybrid MicroGrids).

CleantechEnergyHardware

CleantechDecatur, US

Co-investorsEnergy Transition VenturesTechstars

SAAZ develops advanced imaging sensors and cameras for military, space, and commercial applications, with technology spanning visible, infrared, and ultraviolet detection.

Deep TechDefense TechHardwareSpace Tech

Atul Joshi(Founder, CEO)Dave Chiaverini(Chief Technologist)Vish Madhugiri(Chief Strategist)Mihail Milkov(Chief Engineer, IC Design)

CSLabs is a research and software development company, founded in 2012, that builds AI, machine learning, computer vision, modeling & simulation, and high-performance computing solutions for defense and industry.

AI & Machine LearningDeep TechDefense Tech

Secmation provides AI-driven cybersecurity and electronic warfare analysis, trusted execution, and digital engineering solutions for U.S.

AI & Machine LearningCybersecurityDefense TechRaleigh, US

Hal Aldridge(CEO)

BioCore is an identity intelligence platform that integrates multimodal biometric matching (face, fingerprint, scars/marks/tattoos, and license plate recognition) with video analytics for enterprise and mission-critical applications.

AI & Machine LearningCybersecurityDeep TechDefense TechGovTechArlington, US

Ivan(Chief Operating Officer)John(Chief Engineer)

Shock Tech designs, manufactures, and tests shock attenuation and vibration isolation systems for equipment in demanding industrial environments, particularly serving aerospace and defense customers.

Advanced ManufacturingDefense TechHardwareNew MaterialsMahwah, US

SixMap provides a cyber defense platform that discovers digital assets across IPv4 and IPv6 using its 6Gen computational mapping algorithm and continuously scans all ports on each host to identify exposures.

AI & Machine LearningCybersecurityEnterprise SoftwarePasadena, US

Gregory Levesque(Director)Austin Murdock(Executive Officer, Director)inWilliam Jr. Murdock(Executive Officer, Director)

BoardRobert Ackerman(Director)inMichael Janke(Director)in

Co-investorsCALIFORNIA INNOVATIONDataTribe

Houston, US

Ryan Guerra(Executive Officer, Director)inClayton Shepard(Executive Officer, Director)in

Solar Roadways manufactures modular solar panel systems designed to replace traditional road surfaces, parking lots, and other infrastructure, generating clean power while providing integrated lighting, heating, and safety features.

CleantechEnergyHardwareSandpoint, US

Somewear builds a software-defined edge networking system that routes mission data across narrowband, mesh, and satellite links to keep teams and unmanned platforms connected in contested or degraded conditions.

Deep TechDefense TechHardwareSan Francisco, US

James Kubik(Executive Officer, Director)inAlan Besquin(Executive Officer, Director)inDavid Dorman(Director)

Co-investorsBling CapitalKnoll VenturesNewlin VenturesWebb Investment Network

Spark Biomedical develops wearable neurostimulation devices for bioelectronic medicine applications, primarily targeting mental health, women's health, hemostasis, and pediatrics.

BiotechDigital HealthHardwareHealthtechMedical DevicesDallas, US

Daniel Powell(President & Chief Executive Officer)inAlejandro Covalin, PhD(Chief Technology Officer)inNavid Khodaparast, PhD(Chief Science Officer)inAlejandro Covalin(Chief Technology Officer and Director)inNavid Khodaparast(Chief Science Officer and Director)inTed Costopoulos(Director)

Co-investorsAggie Angel NetworkPathway to CuresWave Ventures

Spectral Energies develops advanced laser and propulsion technologies for the aerospace, defense, transportation, and energy sectors, drawing on extensive research and government contracts with agencies including DoD, NASA, and DoE.

Deep TechDefense TechEnergyHardwareBeavercreek, US

Sukesh Roy(CEO)Sivaram P. Gogineni(President)Mitch Icard(COO)

Stealth Power designs mobile power systems and idle mitigation solutions for government agencies and private sector customers seeking to reduce fossil fuel dependence.

CleantechEnergyHardwareAustin, US

Devin Scott(Chief Executive Officer)Shannon Sentell(Chief Technology Officer)Christina Arrington(Chief Product Officer)Tres Hill(Chief Information Officer)

Whitespace Innovations, the commercial services division of Synovix Inc., provides business development consulting covering organizational culture development, market intelligence, growth strategy, pipeline development, capture management, and proposal/acquisition management.

Enterprise Software

Tessellated Inc. develops high tensile-strength engineered composite thin films produced via roll-to-roll manufacturing, working with U.S. defense and government agencies on applications including aircraft, body armor, ballistic protection, and lighter vehicles for emissions reduction.

Deep TechDefense TechNew Materials

Kevin Craig(Chief Executive Officer)in

Co-investorsElevate Ventures

AI-enabled common control systems (Kinesis Ecosystem) for human-machine teaming across uncrewed vehicles.

Melbourne, US

Bradley Truesdell(Executive Officer, Director)John Vecchio(Director)Matthew Summer(Director)

BoardBrij Sharma(Director)in

Co-investorsBeresford VenturesNaples Technology VenturesOne 9 InvestmentsScout VenturesScout VenturesService Provider Capital+1 more

ViBo Health develops DigiScan, a non-invasive finger-scan device that measures multiple metabolic markers (including glucose, lactate, and lipids) in about 10 seconds and provides AI-powered insights, starting with diabetes and pre-diabetes monitoring.

AI & Machine LearningDigital HealthMedical DevicesLos Alamos, US

Dr. Gil Travish(CEO & Founder)Ron Stone(CFO)Dr. Katariina Salonen(Clinical Lead)Peter John(Director of Finance)

wolfSSL develops lightweight embedded SSL/TLS and cryptography libraries designed for resource-constrained environments like IoT devices, routers, and mobile systems.

CybersecurityDeveloper ToolsIoTBozeman, US

Larry StefonicTodd Ouska