Koch, Inc.

Moving industry forward with next-gen advancements in energy storage and transmission

Alternative Energy

<div>
 
 ESS develops and manufactures long-duration flow battery solutions for utility and industrial applications. ESS&rsquo;s batteries use a recyclable iron-based electrolyte that provides over 20,000 cycles of power. ESS offers two long-duration battery solutions: Energy Warehouse (EW) and Energy Center (EC).&nbsp;
 
 
 EW is a 400 kWh modularized energy storage solution deployed in commercial and utility-scale applications that can provide 4 - 12 hours of energy capacity and an operating life of over 25 years with no capacity fade. EC is a design-build solution with a configurable range of power capacities starting at 3MW that can be tailored to the requirement of the customer and provides up to 6 - 12 hours of energy capacity. As of October 2019, ESS had reportedly shipped its battery solutions to customers on four continents.&nbsp;
 
 
 Key customers and partnerships
 
 
 In October 2021, ESS partnered with SB Energy, a Japanese clean energy arm of Softbank, to deploy two-gigawatt hours of long-duration battery storage systems through 2026 in California and Texas. The first ESS system was delivered to the SB Energy project site in California and was commissioned in October 2021.
 
 
 In August 2022, ESS and 
 <a href="https://sp-edge.com/updates/12326">
 Energy Storage Industries Asia Pacific
 </a>
 (ESI) announced a strategic partnership to distribute and manufacture iron flow batteries utilizing ESS technology in Australia, New Zealand, and Oceania. In September 2022, ESS partnered with 
 <a href="https://sp-edge.com/updates/13198">
 Sacramento Municipal Utility District
 </a>
 to provide up to 200 MW/ 2 GWh of energy warehouses and energy centers.&nbsp;
 
 
 In January 2023, the company partnered with 
 <a href="https://sp-edge.com/updates/15845">
 Amsterdam Airport Schiphol
 </a>
 to provide its Energy Warehouse solution for a pilot project carried out by the latter. In June 2023, ESS partnered with 
 <a href="https://sp-edge.com/updates/19485">
 LEAG
 </a>
 to construct a 50 MW iron flow battery system using ESS iron flow battery technology at LEAG&rsquo;s Boxberg power plant site in Germany. In September 2023, the company partnered with Honeywell to build on ESS&rsquo; patented iron flow battery design with Honeywell&rsquo;s expertise in advanced materials and energy systems to accelerate the development of battery solutions.
 
 
 Funding and financials
 
 
 In 
 <a href="https://sp-edge.com/updates/25724">
 September 2023
 </a>
 , ESS secured an investment of USD 27.5 million from Honeywell as part of a broader collaboration aimed at enhancing the adoption and development of iron-flow battery energy storage. ESS intended to use the funding to advance the partnership with Honeywell, which included an agreement for Honeywell to purchase and resell ESS products, broadening the market footprint of ESS' long-duration energy storage solutions.
 
 
 In October 2019, ESS raised USD 30 million in a Series C funding round led by Breakthrough Energy Ventures and SB Energy. The funds went to expanding and automating the manufacturing process of ESS&rsquo;s second-generation flow battery technology.
 
 
 In October 2021, ESS went public through a merger with ACON S2 Acquisition Corporation, a publicly traded special purpose acquisition company (SPAC). Following the transaction, ESS was listed on the New York Stock Exchange. The transaction was expected to generate USD 308 million, with proceeds being utilized to scale operations. The company reported revenue of USD 686,000 for the first time in 
 <a href="https://sp-edge.com/updates/12326">
 Q2 2022
 </a>
 .
 
</div>

AI-based solutions for evolving digital threats

Next-gen Cybersecurity

Snyk provides a platform for enterprises to secure their cloud-native and container applications which includes tools for developers that allow them to find vulnerabilities in their open-source and application codes used to develop cloud-native applications.Snyk intends to break even by 2024 and go public in the future.In June 2023, the firm <a href="https://sp-edge.com/updates/19216">acquired cloud application observability platform Enso </a>for an undisclosed sum. Snyk planned to integrate Enso into its developer security platform, giving developers full visibility of their applications throughout the development lifecycle.Key customers and partnershipsAs of August 2024, Snyk was used by 2,000+ customers worldwide today, including industry leaders such as Asurion, Google, Intuit, MongoDB, New Relic, Revolut and Salesforce.Funding and financialsIn January 2023, the company <a href="https://sp-edge.com/updates/15958">secured an undisclosed amount </a>from ServiceNow. The funds were utilized to enhance its developer security platform.In 2022, Snyk achieved a 100% YoY increase in revenue and an over 130% increase in net revenue retention. It also reported that it tripled in size and its employee headcount rose from 400 to 1,200.

Additive manufacturing makes objects by systematically adding material via a CAD program

Additive Manufacturing

Desktop Metal provides a range of additive manufacturing (AM) solutions including the sale of 3D printers with related software and materials as well as other related services targeting applications including rapid prototyping, pilot runs, mass production of tools, end-use parts, and aftermarket parts. The company mainly serves industries such as automotive, consumer goods, heavy industry, education, machine design, healthcare, and manufacturing tooling.Desktop Metal’s products include 1) Production System, a metal 3D printer for mass production; 2) X-Series, a binder jet 3D printer with patented Triple ACT (advanced compaction technology) and specialty materials including metals and ceramic; and 3) Shop System, a metal binder jetting system targeting metal 3D printing at machine shops, which also includes <a href="https://sp-edge.com/updates/12724">Shop System+, and Shop System Pro packages </a>introduced in August 2022 and <a href="https://sp-edge.com/updates/14160?industryIds=71">Shop System Forust Edition, </a>a high-speed 3D printer for upcycled wood parts; 4) Studio System 2, an office-friendly metal 3D printer; 5) Fiber; a composite 3D printer using thermoplastic material such as nylon and 6) <a href="https://sp-edge.com/updates/12867?industryIds=71">Figur G15, </a>a printer platform based on patent-pending Digital Sheet Forming (DSF) technology that fabricates sheet metal into parts with a high level of surface finish with little to no post-printing.Desktop Metal also offers <a href="https://sp-edge.com/updates/12723">Live Sinter software </a>—a sinter simulation software that allows the design of sinter-ready, printable parts.. In March 2023, it launched <a href="https://sp-edge.com/updates/16892?industryIds=71">Live Suite, </a>a premium software package to offer advanced design capabilities for metal, polymer, and ceramic parts. In September 2023, it launched <a href="https://sp-edge.com/updates/22343">Live Monitor, </a>an Industry 4.0 solution for users to monitor and use real-time data to improve efficiency.Desktop Metal has grown through the acquisition of several companies including binder jetting technology company ExOne (November 2021), AM company AIDRO hydraulics &amp; 3D printing (September 2021), powder-based material AM company Aerosint (July 2021), provider of printed elastomers for AM Adaptive3D (May 2021), and polymer AM company EnvisionTEC (January 2021) to expand its material and printer offerings.In October 2023, the company sold Belgian additive manufacturing solutions provider <a href="https://sp-edge.com/updates/23189">Aerosint SA </a>to motion technology company Schaeffler. Desktop Metal maintained its collaboration with Schaeffler in advancing binder jet 3D printing technology, while retaining the option for future commercial utilization.In July 2024, the entire company was <a href="https://sp-edge.com/updates/31161">acquired by Nano Dimension</a> for ~USD 183 million in an all-cash transaction. Key customers and partnershipsDesktop Metal operates through an internal sales team and a network of 200+ distribution partners (value-added resellers) in over 65 countries. Its customers include small and medium enterprises as well as Fortune 500 companies. The company received a major <a href="https://sp-edge.com/updates/14615?industryIds=71">contract </a>from the US Department of Veterans Affairs in November 2022. In October 2022, Desktop metal partnered with <a href="https://sp-edge.com/updates/13694?industryIds=71">Siemens </a>to accelerate the adoption of additive manufacturing at scale specifically targeting large-scale manufacturers. The company also entered into materials-related partnerships with Carbon in July 2023 to make Flexcera resins available to users of Carbon's 3D printers as well as with Henkel in August 2022 to validate Henkel's materials for DM printers. In March 2024, Desktop Metal expanded its partnership with Evonik, a chemical manufacturer, to integrate the latter’s INFINAM solution into its portfolio of polymers.

Digitizing the commercial real estate value chain

Commercial PropTech

HqO is a company that provides a workplace experience platform designed to engage and connect employees within office buildings and hybrid work environments. Their platform offers a suite of applications and services that aim to simplify office re-entry, activate workplace amenities and spaces, and increase tenant and employee engagement.
The key features of HqO's platform include desk and space reservations, visitor management, health and safety protocols, amenity and space utilization tracking, and sentiment analysis tools to collect employee feedback. The platform enables companies to promote workplace events, amenities, and connect employees with surrounding businesses and services.
HqO's platform provides real-time visibility into property engagement, tenant satisfaction, space utilization, and building populations, allowing organizations to optimize their workplace investments. It offers a branded mobile app experience for tenants and guests, configurable to align with a company's branding and messaging.
The platform integrates with various technology partners through the HqO Marketplace and adheres to security and compliance measures to protect user data. As of July 2022, HqO's platform powered over 500 million square feet of real estate, with over 3,000 companies using their services, including 57% of Fortune 100 companies.

Using AI to mimic and understand human language

Natural Language Processing Tools

SoundHound AI, Inc. is a voice AI company specializing in speech recognition, natural language understanding, and sound recognition technologies. Founded in 2005 and headquartered in Santa Clara, California, SoundHound offers a range of products and services centered around voice-enabled technologies. The company's flagship product is the SoundHound mobile app, which allows users to identify songs by humming, singing, or typing lyrics. SoundHound also provides a comprehensive voice AI developer platform called Houndify, enabling businesses and developers to integrate advanced voice recognition capabilities into their applications and services across various industries.
In addition to its music recognition technology, SoundHound has expanded its offerings to include voice-enabled digital assistants and AI-powered solutions for automotive, connected home, and hospitality applications. The company's technology has been integrated into vehicles through partnerships with automotive manufacturers like Hyundai, Mercedes-Benz, and Honda, providing voice interaction capabilities for tasks such as music control, navigation, and hands-free communication. In December 2023, SoundHound's Dynamic Interaction drive-thru technology received recognition, winning the Automation & Self-Service Award for "Best Use AI."
SoundHound went public in April 2022 through a SPAC merger and is listed on the Nasdaq under the symbol SOUN. The company reported projected revenues of USD 31 million for 2022, with expectations of 50% year-over-year revenue growth in 2023. In December 2023, SoundHound acquired SYNQ3 Restaurant Solutions, a provider of voice AI for restaurants, in a USD 25 million deal, significantly expanding its presence in the restaurant industry.
Key customers and partnerships
SoundHound has established partnerships with several major companies across various industries. In the automotive sector, the company has collaborated with Hyundai, Mercedes-Benz, and Honda to integrate voice interaction capabilities into their vehicles. SoundHound's technology has also been adopted by Snap Inc., with the introduction of Voice Scan in the Snapchat app. Additionally, the company has partnered with Pandora to enhance music discovery through voice interactions in the Pandora mobile app.
SoundHound has expanded its reach through the acquisition of SYNQ3, which is expected to increase its customer base to include over 10,000 signed locations across drive-thru, fast casual, casual restaurants, and convenience stores. This acquisition encompasses more than 25 national and multinational chains. SoundHound has also collaborated with Toast in the hospitality sector, further diversifying its client portfolio.

A new generation for mobile connectivity with 5G and beyond

Next-gen Private Mobile Networks

Astranis is a San Francisco-based satellite manufacturer and operator that provides services to commercial customers and the US Government. The company specializes in building small, low-cost telecommunications satellites designed to provide broadband internet access to underserved areas worldwide. These satellites, which can operate from geostationary orbit (GEO) at an altitude of approximately 22,000 mi above Earth, are "MicroGEO" satellites, which are significantly smaller (~400 kg) and less expensive than traditional GEO satellites. The company owns, operates, and offers its satellites to commercial customers on a leasing basis.The company's proprietary technology includes software-defined radio payloads allowing frequency and coverage flexibility.&nbsp;In April 2023, Astranis launched its first commercial satellite, Arcturus, to provide internet service in Alaska. However, the satellite experienced issues with its solar array system, limiting its operational capacity.Astranis unveiled its next-generation satellite, Omega, in April 2024. Omega satellites are designed to deliver over 50 Gbps of throughput with an operational life of 10 years. The company aimed to manufacture 24 Omega satellites annually by 2025, launch its first Omega Satellite in 2026, and have over 100 satellites in orbit by 2030. Astranis also developed UtilitySat, a multi-mission commercial satellite capable of performing simultaneous connectivity missions and relocating to different orbital positions as needed.Key customers and partnershipsAs of April 2024, Astranis’ commercial customers for MicroGEO communications satellites spanned the US, Mexico, Argentina, the Philippines, and Thailand. Astranis also partnered with satellite services providers and telecommunications providers, including 1) Orbits Corp to provide connections to up to 5,000 rural locations in the Philippines (November 2023); 2) Apco Networks (AiTelecom) to launch two MicroGEO satellites in Mexico (September 2023); and 3) Anuvu to provide broadband services in Alaska (May 2023).

At HqO, we transform how people connect with each other and the places they work by bringing together a full suite of tools that combines digital, physical, and personal amenities and services — all in one app. The HqO Workplace Experience Platform lets companies and commercial property teams create high-end and personally curated environments that foster safety, sustainability, creativity, and collaboration.   We are backed by some of the world’s most prominent venture capitalists and real estate companies across the globe. Driven by our company Let’s Go values — Learning, Excellence, Truth, Speed, Goodness, Ownership — we strive to do our best work every single day. If you want to join a stable, fast-growing, highly collaborative, and supportive team that is at the forefront of workplace transformation, we’re the company for you.  Check out our open positions at https://www.hqo.com/careers/.

PLOT combines Logistic Mapping, Delivery Coordination, and Lead Time Management to take away the arduous and low-level tasks that Construction teams hate.

At Compass Minerals, we recognize the finite availability of the essential minerals that we provide and are committed to the responsible stewardship of our resources.   This approach to doing business is consistent with our Core Values and critical to Compass Minerals becoming the best essential minerals company for our customers, employees and shareholders. Two key aspects of this commitment include our corporate sustainability principles and the decision to produce Taking Care of the Essentials, a data-driven sustainability report that conforms to the Global Reporting Initiative™ G4 framework.   This commitment will drive our business strategies, attract top talent, engage employees and drive shareholder value. Our sustainability platform prioritizes the health and safety of people and the environment, and helps us build trust with our valued stakeholders.

SoundHound focuses on the development of voice-enabled AI and conversational intelligence technologies.

Tradeshift is a cloud-based business network connecting buyers and suppliers. Its platform enables its clients to connect with all their suppliers digitally in order to seize early payment discounts and minimize risks, eliminating paper and manual processes across procure-to-pay, thereby allowing businesses to simplify supply chain payments in a secure manner.

Halo Investing is a financial technology startup that provides an independent multi-issuer platform focused on an investment product known as Structured Notes. Structured Notes are a pre-defined outcome investment product offering downside protection, previously only available to the ultra-high net worth. Halo is empowering and democratizing access to the product by building technology to analyze, purchase, and manage the full lifecycle of the product while building efficiencies for issuing banks.

ESS is a provider of long-duration energy storage solutions ideally suited for C&I, utility, microgrid, and off-grid applications. Since their founding in 2011, ESS has been focused on laying the groundwork for a future powered by clean and reliable energy. With a team that boasts decades of experience in distributed power generation and energy storage technologies, ESS has developed an extremely cost-effective energy management system that combines a safe, abundant and non-toxic iron-electrolyte with their patented flow cell design. This combination of high performance with low cost means that ESS’s technology is ideally suited for applications that range in size from retail energy management to utility-scale renewables integration.

Nerdy is a leading curated direct-to-consumer platform for live online learning. Nerdy’s mission is to transform the way people learn through technology. The Company’s purpose-built proprietary platform leverages technology, including AI, to connect learners of all ages to experts, delivering superior value on both sides of the network. Nerdy’s comprehensive learning destination provides learning experiences across 3,000+ subjects and multiple formats—including one-on-one instruction, small group classes, large format group classes, and adaptive self-study. Nerdy’s flagship business, Varsity Tutors, is one of the nation’s largest platforms for live online tutoring and classes.

Snyk empowers the world’s developers to build secure applications and equip security teams to meet the demands of the digital world. Its developer-first approach ensures organizations can secure all of the critical components of their applications from code to cloud, increase developer productivity, revenue growth, customer satisfaction, cost savings, and an overall improved security posture. Snyk’s Developer Security Platform automatically integrates with a developer’s workflow and is purpose-built for security teams to collaborate with their development teams. Snyk is used by 1,200 customers worldwide today, including industry leaders such as Asurion, Google, Intuit, MongoDB, New Relic, Revolut, and Salesforce. Snyk is recognized on the Forbes Cloud 100 2021.

Astranis is a developer of a new satellite technology that aims to transmit data down to specific terrestrial locations with each satellite it launches. The company's mission is to help get online the 4 billion people who are without internet access.

Desktop Metal is a leading provider of additive manufacturing technologies, materials, and applications for industrial, medical, and consumer product production. The company's innovative 3D printing systems, materials, and software enable on-demand, digital mass production that delivers the speed, cost-efficiency, and part quality required for this transformative shift in manufacturing.

Koch, Inc. (also known as Koch) is an American multinational corporation based in Wichita, Kansas with subsidiaries involved in manufacturing, trading, and investments. Koch also owns Invista, Georgia-Pacific, Flint Hills Resources, Koch Pipeline, Koch Fertilizer, Koch Minerals, and Matador Cattle Company. Companies owned by Koch are involved in core industries such as the manufacturing, refining, and distribution of petroleum, chemicals, energy, fiber, intermediates and polymers, minerals, fertilizers, pulp and paper, chemical technology equipment, ranching, finance, commodities trading, and many other ventures and investments.  The firm employs more than 100,000 people worldwide in more than 50 countries, with most of those employees working in the United States.

<div> Koch Industries is an American multinational corporation based in Wichita, Kansas with subsidiaries involved in manufacturing, trading, and investments. Koch also owns Invista, Georgia-Pacific, Flint Hills Resources, Koch Pipeline, Koch Fertilizer, Koch Minerals, and Matador Cattle Company. Companies owned by Koch Industries are involved in core industries such as the manufacturing, refining, and distribution of petroleum, chemicals, energy, fiber, intermediates and polymers, minerals, fertilizers, pulp and paper, chemical technology equipment, ranching, finance, commodities trading, and many other ventures and investments. The firm employs more than 100,000 people worldwide in more than 50 countries, with most of those employees working in the United States. </div>

Koch Industries

Koch Industries to change name, update corporate structure

Empowering efficiency, visibility and collaboration throughout supply networks

Supply Chain Tech

Platforms that provide real-time visibility into the movement, location, condition of products, and environment as they move through the supply chain.

Information sharing and collaborative planning platforms that enable communication, coordination, and collaboration among supply chain partners.

Platforms that facilitate the tracing and verification of products or components throughout the supply chain, from origin to consumer.

Platforms that provide vendor risk intelligence to facilitate vendor due diligence and onboarding, compliance monitoring, contract management, and cybersecurity assessments.

Platforms that help organizations optimize supply chain processes through demand, supply, operations, and scenario planning.

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