Lux Capital manages over $5 billion in assets focused on founding, seed, early-stage, and growth investments at the intersection of technology and the sciences. Lux takes an active role in helping entrepreneurs build successful businesses in high-growth sectors. Its investment team has built over 20 companies from scratch. Lux's investment strategy ensures portfolio companies are better connected, have a deeper insight, and command industry leadership faster than their competitors.

Lux Capital

Founders Fund is a venture capital firm that invests at every stage in companies building revolutionary technologies. It has been investors, founders, and early employees of prominent technology companies. It has historically invested in a wide variety of sectors, including aerospace, artificial intelligence, advanced computing, energy, health, and consumer Internet.

Founders Fund

Shield Capital is a venture capital firm that invests in founders building frontier technologies. Shield Capital is a team of veteran investors, founders, and national security leaders focused on helping founders build solutions in cybersecurity, AI, space, and autonomy for commercial and government enterprises.

Shield Capital

8VC seeks to enable industry transformation. In a wave of creative destruction, they believe emerging platforms will replace the decades-old technology infrastructure behind many industries, promoting greater innovation and prosperity.

Marlinspike Capital operates as an investment and advisory firm with expertise in National Defense Technology.

Marlinspike Capital

8090 Industries is a venture capital firm that partners with global conglomerates to invest in the industrial sectors. Specific focus is on decarbonization, aerospace, defense and advanced manufacturing.

8090 Industries

In-Q-Tel identifies and partners with companies developing cutting-edge technologies to help deliver these solutions to the Central Intelligence Agency and the broader U.S. Intelligence Community (IC) to further their missions.

In-Q-Tel

Felicis Ventures is a venture capital firm based in Menlo Park, California. The firm invests in seed through Series C stage companies across multiple sectors and industries reinventing core markets, as well as those creating frontier technologies. Felicis currently manages over $2B in capital across 8 funds. The firm is an early backer of more than 40 companies valued at $1B+. More than 90 of its portfolio companies have been acquired or gone public since the firm was founded by Aydin Senkut in 2006.

Felicis

Valor Equity Partners is an operational growth investment firm that focuses on growth companies across various stages of development. For decades, it has served its companies with the expertise to solve the challenges of growth and scale. Valor Equity partners with companies and entrepreneurs who are committed to the highest standards of excellence and the courage to transform their industries.

Valor Equity Partners

137 Ventures is a San Francisco-based growth-stage venture firm with an innovative investing model. The fund has a flexible mandate with an emphasis on structured transactions with founders, senior executives, early investors and early employees at venture-backed companies with proven business models. With more than $850 million of assets under management, the firm invests in companies across a broad range of areas including: space exploration, digital health, financial technology, enterprise SaaS, and consumer internet.

137 Ventures

Contrary is a talent and research-driven investment firm. We back a small number of exceptional people and the companies they build.

Contrary

GTMfund is an early-stage fund focused on investing in hyper-growth B2B SaaS companies. The fund is comprised of 260+ go-to-market executives from the fastest-growing companies on the planet (Snowflake, DocuSign, Okta, Salesforce, Twilio, Square, Procore, etc). Our operators have been there, done that, from zero to IPO. We support our founders with everything GTM - from strategy to hiring and execution.

GTMfund

J.A.S Ventures

Founded by Jackson Moses, Silent Ventures is an early stage venture firm that invests in exceptional founders building unrivaled aerospace, defense, and national security companies. Current Portfolio: Armada AI, Hadrian, Solestial, Aeon, Swarmbotics AI, SV Build I (Incubation), Dirac, Saronic, CHAOS, Firestorm, and Haxion AI. Prior Investments: Anduril, Axiom Space, Voyager Space, Privateer, Pixxel, Orbit Fab, Morpheus Space, Swarm Aero, Firehawk, Cambium, and Galvanick. (www.silentvc.com)

Silent Ventures

Koch Real Estate Investments is a real estate investment firm.

Koch Real Estate Investments

Armada

Armada is an edge computing platform that links individuals and businesses, facilitating real-time data processing and decision-making. The company's mission is to close the digital gap by offering robust, secure, and scalable infrastructure paired with compatible software components, facilitating real-time data processing and decision-making at the edge.

Armada offers a full-stack edge computing and platform that enables users to deploy and manage edge applications and AI on premises and via the cloud.

Generating, collecting, and analyzing enterprise data will never be the same.

Edge Computing

Exclusive: Armada lands $40 million in funding round led by Microsoft’s M12

Armada offers a full-stack edge computing and platform that enables users to deploy and manage edge applications and AI on premises and via the cloud.Users across a range of industries, such as utilities, infrastructure, military, and mining, can support data analytics and processing at the edge of their networks by leveraging the company’s satellite connectivity to Starlink or via edge data centers.The company’s suite of products include: 1) Commander, an edge observability platform that enables users to manage a range of edge operations such as the purchase of Starlink terminals, deployment of data centers, and unification of IoT device data; 2) Armada Connect, a dedicated operating system for Starlink and IoT devices; 3) Galleon, a range of modular edge data centers designed to support multiple data-processing and AI applications; and 4) EdgeAI solutions for custom industrial applications, such as real-time visual inspection, assistive agents, predictive maintenance, robotics, autonomous vehicle operations, and emissions monitoring.Moreover, the platform offers the “Commander AI Assistant,” which provides real-time contextual alerts, diagnostics, and troubleshooting support, as well as a marketplace of pre-built, industry-specific applications for computer vision, predictive maintenance, robotics, autonomous vehicle operation, and compliance, among others.

DC Blox offers edge colocation centers, including disaster recovery services, mainly targeting the underserved markets in the southeastern region of the US. Its clients range from enterprises, cloud providers, government entities, and educational institutions, among others. DC Blox connects users to any destination globally through its private network and ecosystem of global communication partners.DC BLOX’s data centers are located in Birmingham, AL; Huntsville, AL; Chattanooga, TN; Greenville, SC, and Myrtle Beach, SC, with others in development near Atlanta and Berkeley County, SC as of March 2024.In 2023, DC Blox embarked on an <a href="https://finance.yahoo.com/news/dc-blox-set-build-hyperscale-133500449.html">expansion strategy</a>, with the development of a hyperscale-ready data center campus in Rockdale County, Georgia, being one of the latest and most significant projects. This new campus was set to feature a sprawling 750,000 sq ft space with a total power capacity of 216MW, supplied by Georgia Power. The project was designed to include a dark fiber ring around the Atlanta metropolitan area, enhancing the connectivity for its tenants and bolstering the company's network infrastructure.Funding and financialsDC Blox raised USD 187 million in funding from Post Road Group and Bain Capital Credit, in March 2021. It aims to use the funds to refinance existing credit facilities, add liquidity to its balance sheet, and expand data center capacity in new and existing locations.

DC Blox

Edgeworx offers the Eclipse ioFog Engine, an application platform that turns hardware into an intelligent edge node. The company allows users to extend their cloud to the edge and run and monitor microservices from any infrastructure. It caters to both developers and operations users to uniformly manage hardware and software.In November 2023, Edgeworx, <a href="https://sp-edge.com/companies/728459">launched Edgeworx Cloud</a>, an enterprise-grade edge computing platform, on the Google Cloud Marketplace. The platform enables enterprises to deploy and manage containerized edge applications from any network without needing to operate their own Kubernetes clusters. It provides secure data management across edge devices, micro-services, hosts, and clients, as well as a hardware-agnostic agent for synchronizing deployments of heterogeneous fleets.Key customers and partnershipsEdgeworx's technology benefits from a range of partners including Docker, Kubernetes, Microsoft, and Red Hat, among others.

Edgeworx

Crosser offers a real-time analytics platform for enterprise Internet of Things (IoT), primarily for industrial IoT (IIoT).The Crosser Platform enables real-time processing of streaming or batch data, to enable industrial IoT, data transformation, analytics, automation, and integration, all to improve the utilization of industrial assets. The platform moves machine data into the cloud while also enabling edge analytics, hybrid integration, and factory floor integration.Key customers and partnershipsCrosser has a robust portfolio of partnerships with leading technology, AI, and ML providers. Some of its notable partners are AWS, Microsoft, SAP, Agora, Oracle, IFS, Siemens, ZEDEDA, and Intel.Funding and financialsIn March 2021, Crosser raised EUR 3 million (~USD 3.6 million) in Venture funding led by NTT DOCOMO Ventures and Montan-Ventures-Saar, with existing investors Industrifonden, Spintop Ventures, 42 Cap, Almi Invest, and Norrlandsfonden also participating.

Crosser

Zededa was founded in 2016 and came out of stealth in 2018 to offer an open edge ecosystem to provide visibility, control, and security when deploying apps remotely on the edge, regardless of the hardware used. The company commercially launched its remote management software in January 2021. The platform allows developers to avoid vendor lock-in and additionally offers support for industries facing more complex edge applications. Moreover, Zededa allows enterprises to mix old and new technology seamlessly, making it for industries like surveillance. The red company has an office in Pune, India, in addition to its headquarters in San Jose, California.In July 2023, the company released a suite of edge application tools including “Edge Access,” which provides access controls and audit tracing for edge deployments. Users can remotely access edge devices from any location at any time without requiring backend configuration or specialized skills.<a href="https://sp-edge.com/updates/24108">In November 2023,</a> the company announced a new service named ZEDEDA Edge Kubernetes Service, offering a fully managed Kubernetes service for distributed edge.Key customers and partnershipsThe company has a substantial customer base, with numerous Fortune 500 enterprises spanning various industries like manufacturing, renewable energy, telecommunications, and healthcare. Prominent clients include Rockwell Automation, Emerson, Agora, and VMware.Zededa collaborates with leading technology firms through its global ZEDEDA marketplace, granting partners direct entry to edge operations teams. This marketplace facilitates swift scalability for customers across thousands of edge devices with one-click deployments, eliminating the need for extensive professional services. Notable partners encompass Microsoft, Suse, Juniper Networks, AWS, Rafay Systems, Aviatrix, Fortinet, and more.Through Zededa's technology partnerships, customers can procure hardware devices and have them shipped directly to their intended destinations. This adaptable approach reduces solution expenses and empowers technology providers to offer optimal value to their clientele. Noteworthy partners in this initiative comprise Dell, Supermicro, HP Enterprise, Equinix, and others.During 2023, Zededa collaborated with Applied Digital in August, a company specializing in advanced digital infrastructure for High-Performance Computing, to use ZEDEDA's management and orchestration software. In May, it also partnered with Avassa, a container management platform tailored for edge environments, to facilitate comprehensive orchestration across the entire stack, ensuring security and visibility from hardware to edge applications.Zededa is also a part of multiple industry consortiums to use edge computing to address emerging issues faced by the energy industry. These collaborations include the OSDU Forum as well as LF Energy and Project Alvarium, which are part of the Linux Foundation (a non-profit group to standardize and support the adoption of Linux). In December 2022, the company extended its partnership with Emerson to integrate its edge application management and orchestration solution into Emerson’s DeltaV automation system. This would in turn enable Emerson’s customers to extend this automation system into the distributed edge.Funding and financialsIn <a href="https://sp-edge.com/updates/26448">February 2024</a>,it raised USD 72 million in a Series C funding round led by Smith Point Capital, with participation from Hillman Company, LDV Partners, Endeavor Catalyst Fund, Juniper Networks, and others. The funds were directed toward expanding sales and marketing endeavors and speeding up R&amp;D.In January 2023, the company announced that it had grown its annual revenue growth by 300%, and nodes under management by 250% over the previous year.

Zededa

SmartCone Technologies Canadian company specializes in developing Internet of Things (IoT) based safety and monitoring solutions.It mainly offers its services for securing dangerous worksites, controlling bicycle lane traffic, managing vehicle fleets, monitoring traffic incident scenes, crowd control, and site security surveillance, among others. Its devices range from wearables and torches, to constellation positioning systems.In July 2022 SmartCone Technologies announced HeatGuardian, a spin-off company dedicated to providing applications and micro-climate weather stations to calculate localized heat exposure to aid individuals and workers in staying safe during periods of hot weather. This initiative was undertaken in partnership with the Human and Environmental Physiology Research Unit at the University of Ottawa.Key customers and partnershipsThe company mainly caters to customers in the mining, logistics, and energy industries. Some notable customers are Nokia, IBM, DHL, and Exelon.In November 2021, the company partnered with the Centre for Integrated Transportation and Mobility (CITM) to build a database architecture and platform that would capture data from all Smart Mobility Networks, both 4G &amp; 5G elements, Intelligent IoT Nodes, C-V2X device, IoT devices, and other sensors installed on the Smart Mobility Networks.In January 2021, AutoGuardian by SmartCone became one of 37 firms in automotive company AISIN Group’s “open innovation initiatives.” This was in response to AutoGuardian’s successful proof of concept relating to vehicle-to-infrastructure (V2I) technology. AutoGuardian uses a SmartConeTM device, equipped with a camera, AI, radar, and onboard edge computing to offer non-line-of-sight alerts by using data such as vehicle speeds, vehicle and pedestrian count, and behavior estimations.Funding and financialsIn April 2019, Smartcone received CAD 187,500 in Debt Financing backed by FedDev Ontario.

SmartCone Technologies

Companies that provide software to enable users to run their applications at the edge.

Companies that produce hardware and infrastructure such as routers and servers that are not embedded on devices.

Companies that provide software that facilitates analytics, cyber security, and IoT at the edge.

Companies that produce embeddable hardware, including microchips, that allow devices to transmit and process data.

Companies that provide software used in data centers to carry out operations effectively.

Companies that offer datacenter infrastructure to facilitate edge computing, including micro data centers deployable to more strategic locations.

Some players in the embedded hardware segment offer microprocessors for running GenAI applications at the edge of enterprise networks

Most companies operating in this industry operate under a B2B SaaS model

Includes companies that support AI/ML workloads and offer IoT data management

All companies in this industry offer edge computing solutions

Offers solutions for managing IoT device data on the edge of users' networks

Includes micro processor manufacturers that particularly target AI workloads for the edge

Many service providers partner with telecom services to leverage 5G to reduce edge application latency

ANALYST_QUICK_TAKE

<div>
 
 Armada, an Edge AI solutions provider, received a USD 40 million investment from Microsoft's venture fund, M12. This funding will support further development of Armada's platform and expansion of its partnerships. With this investment, Armada’s offerings will be accessible on Microsoft Azure's marketplace. Additionally, Azure customers can utilize their pre-committed Azure spending on Armada products.
 
</div> Analyst QuickTake: 
 Armada, which <a href="https: 
//sp-edge.com/updates/24808"> emerged from stealth </a> in 2023, has formed a strategic collaboration with Starlink to leverage Starlink's low-latency, high-speed internet capabilities for enhancing Armada's Edge computing solutions. Additionally, Armada has initiated partnerships with companies such as Halliburton and Skydio to provide solutions for real-time monitoring, emissions tracking, and automated operations.

Armada

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