Honeywell Ventures

Using data and automation to achieve 24/7 production.

Smart Factory

<div>
 
 Element Analytics offers big data analytics software, AssetHub, that processes, manages, and integrates industrial data. The company utilizes digital representations of physical assets, named Asset Twins, for comprehensive analysis and provides predictive maintenance insights. The company claims that it offers the first-of-its-kind data hub, AssetHub, for industrial metadata management. Element Analytics has more than 350,000 customers in various industries, such as chemicals, oil and gas, metals, power, and is further expanding its customer base within the agriculture, power, energy, and oil and gas markets, increasing enterprise-wide deployments.
 
 
 Element Analytics partnered with Uptake (January 2019) to provide an AI solution that automates data integration, data science model configuration, and insight production. Element Analytics has also collaborated with Microsoft (Element Analytics&rsquo; platform is exclusively deployed on Microsoft Azure), and OSIsoft (users will be able to build and maintain assets four to 10 times faster than traditional approaches), and Amazon Web Services (AWS). Element Analytics announced an integration between its Element Unify platform and AWS IoT TwinMaker (December 2021), to allow for significantly faster digital twin development and improved effectiveness through contextualized and governed metadata. Element Unify is a foundational launch partner for AWS IoT TwinMaker, and is available in the AWS Marketplace.
 
 
 The company&rsquo;s most recent funding round was Series B funding worth USD 18 million in June 2020, led by investors Activate Capital Partners and Fort&eacute; Ventures. The funds were to be used to venture into new sectors and attract new clients, particularly in the oil and gas and agricultural industries, and broaden the existing product offerings by utilizing additional funding.
 
</div>

<div>
 
 Based in Canada, Nanoprecise Sci Corp offers industrial machine health monitoring solutions for predictive maintenance. The company targets the metals, cement, chemical, pharmaceutical, pulp and paper, and mobility industries. Nanoprecise utilizes patented signal processing algorithms, low power wireless sensors, and cloud-based AI-powered software to offer prescriptive analytics. These technologies combined are capable of detecting changes in machine performance and predicting the remaining useful life of industrial machinery.
 
 
 Nanoprecise offers four products: 1) Machine Doctor&ndash;monitors vibrations, acoustic emissions, temperature, revolutions per minute, humidity, and magnetic flux through battery-powered sensors, processes the data at the edge, and conducts machine fault analysis with 〜99% accuracy, 2) RotationLF&ndash;a sensor-agnostic AI-based platform that conducts fault analysis on machines and offers recommendations on possible actions, 3) NrgMonitor&ndash;an AI-based energy efficiency monitoring platform, and 4) a TransformerLF&ndash;AI-based platform that predicts the remaining life of plant assets with possible reasons for failure.
 
 
 Nanoprecise has offices in Canada, the US, India, and the UK.
 
 
 Key customers and partnerships
 
 
 Nanoprecise Sci Corp customers include Alta Steel, Tata Steel, Zeon, ACC Cement, IFFCO, Vedanta, Cameco, Shree Cement, and Richardson. The company entered distribution partnerships with maintenance system and software provider Idus (February 2022)&nbsp; to offer its services in Scandinavia and engineering and reliability company Dynelec (January 2022) to offer its services in Australia.
 
 
 Funding and financials
 
 
 In January 2023, Nanoprecise Sci Corp 
 <a href="https://sp-edge.com/updates/15582">
 raised USD 10 million
 </a>
 in a Series B funding round led by Export Development Canada (EDC) to improve the company&rsquo;s delivery capabilities and to expand product offerings.
 
 
 
</div>

Oxipital AI (Formerly known as Soft Robotics) offers AI- vision technologies for robotic process automation and product inspection in critical industries such as food processing, agriculture, and consumer goods production.In August 2024, the company <a href="https://sp-edge.com/companies/243103">announced the sale of its gripper business assets</a> to the Schmalz Group and rebranded itself as Oxipital AI, shifting the company's focus towards the development and commercialization of its visual AI solutions.Key customers and partnershipsThe company launched a Preferred System Integrator Program in 2021 with several partners including Quest Industrial, Assatec Robotics, Boston Conveyor &amp; Automation Corporation, JMP Solutions, Applied Manufacturing Technologies, AMP Automation, SELO , and PATTYN France.

Clean, congestion-free air travel gets liftoff

Passenger eVTOL Aircraft

<div>
 
 Headquartered in Zurich, Daedalean specializes in the development of autonomous piloting software systems for both current civil aircraft and the future of advanced aerial mobility. The company provides visual traffic detection technology, evaluation kits, visual positioning technology, and visual landing guidance. Daedalean has collaborated with the European Union Aviation Safety Agency (EASA) and the US Federal Aviation Administration (FAA) to establish suitable methods for certifying the safety and effectiveness of machine-learning-based avionics systems. These systems are designed for critical functions such as navigation, collision and terrain avoidance, and landing guidance in both manned and unmanned aircraft. The company has established presences in multiple locations, including Z&uuml;rich (Switzerland), Riga (Latvia), and Phoenix (US).
 
 
 Its visual traffic detection technology is a solution based on computer vision that ensures the uninterrupted monitoring of the sky, which, according to the company, surpasses human vision in its level of attentiveness and reliability. By harnessing advanced neural networks, its technology acts as an extra pair of eyes in the cockpit, enabling the detection and evaluation of airborne threats, including non-cooperative entities like drones and birds. Its evaluation kits provide software function demonstrations for onboard computer vision applications and also records raw and benchmark data for post-flight analysis. The company&rsquo;s visual positioning technology provides camera-based navigation and landing guidance, while its visual landing guidance provides onboard global navigation satellite system (GNSS) independent landing guidance for VTOL and fixed-wing aircraft.
 
 
 Key customers and partnerships
 
 
 Daedalean has partnered with renowned and established avionics suppliers and manufacturers to provide a full range of systems and support, including Honeywell Aerospace (which has also made investments) and Avidyne to introduce the first-ever avionics system based on machine learning to the market. The company announced a partnership with
 <a href="https://drive.google.com/file/d/1U8swvtPYasVzKcMrkcq0LhQxAnOLCtfV/view">
 Reliable Robotics
 </a>
 to develop advanced avionics systems for the safer operation of commercial aircraft.
 
 
 Funding and financials
 
 
 In 
 <a href="https://drive.google.com/file/d/11aYYXCMJJk9RAGNeDyteXejtnFTyUlUv/view">
 January 2022
 </a>
 , the company raised CHF 53 million (~USD 58 million) in Series B funding led by a consortium of investors, including Carthona Capital, Amino Capital, Redalpine Venture Partners, and Honeywell Ventures. The funds were slated to develop the next generation of AI-based systems for application in safety-critical flight control for new eVTOL and existing aircraft like air taxis and heavy-lift drones over the next four years. In 
 <a href="https://www.startupticker.ch/en/news/swiss-accellerator-innosuisse-support-53-companies-with-chf112-million">
 April 2023
 </a>
 , the company received a grant of an undisclosed amount for the Swiss Accelerator in 2022.
 
 
 
 
 
</div>

<div>
 
 Volocopter is a German aviation company that designs and produces eVTOL aircraft for passengers and cargo, as well as the physical and digital infrastructure that completes the eVTOL ecosystem. Its lineup of eVTOL aircraft consists of the VoloCity passenger electric air taxi, VoloRegion long-range passenger aircraft, and VoloDrone heavy-lift cargo drone. Volocopter was the first eVTOL company to receive Design Organisation Approval (DOA) from the European Union Aviation Safety Agency (EASA). The company had plans to launch commercial services in Paris by summer 2024 and has been working closely with the EASA to certify its aircraft. In addition, it has collaborated with local partners to define routes, conduct test flights, raise public awareness, and gain more supporters to advance air travel in the lower airspace.
 
 
 The company&rsquo;s first launch product, 
 <a href="https://www.volocopter.com/solutions/volocity/">
 VoloCity
 </a>
 air taxi, is an all-electric aircraft featuring two seats and 18 rotors that can travel up to 35 km at a maximum airspeed of 110 km/h. The initial flights of the VoloCity air taxi were to be manned by a pilot and one passenger, with the goal of eventually transitioning to a fully autonomous service for two passengers. Its 
 <a href="https://www.volocopter.com/solutions/voloregion/">
 VoloRegion
 </a>
 aircraft (known as VoloConnect prior to October 2022) developed by the company is a fixed-wing passenger aircraft with longer-range capabilities. It is equipped with two propulsion fans and six electric motors and rotors. The aircraft's design allows it to carry up to four passengers and travel up to 100 km at a maximum airspeed of 250 km/h and a cruise speed of 180 km/h. The 
 <a href="https://www.volocopter.com/solutions/volodrone/">
 VoloDrone
 </a>
 is an uncrewed, fully electric heavy-lift drone offering heavy-lift services to carry payload of up to 200 kg for a range of up to 40 kilometers. The aircraft can be tailored to numerous purposes such as logistics, public services, infrastructure, and shore to ship. 
 <a href="https://www.volocopter.com/solutions/voloport/">
 VoloPort
 </a>
 
 are Vertiports used as boarding and disembarking points for vertically taking off and landing, which would also be used by other UAM aircraft that share the lower airspace. Its design requires minimal infrastructure, and it is cost-efficient, modular, and flexible. It can be adapted for use on the ground, at sea, or on a raised platform. The Company&rsquo;s 
 <a href="https://www.volocopter.com/solutions/voloiq/">
 VoloIQ
 </a>
 service is a cloud-based platform that would manage everything from VoloCity air taxis to the company&rsquo;s urban integration efforts and the passenger app. The VoloIQ software can monitor weather as well as monitor and predict the need for maintenance on VoloCitys.
 
 
 Key customers and partnerships
 
 
 In 
 <a href="https://www.volocopter.com/newsroom/neom-volocopter-jv-evtol-network/">
 December 2021
 </a>
 , Volocopter signed a joint venture with NEOM to design, implement, and operate the world&rsquo;s first bespoke public vertical mobility system in NEOM. In 
 <a href="https://www.volocopter.com/newsroom/volocopter-collaborates-with-microsoft-on-voloiq-aerospace-cloud-project/">
 May 2022
 </a>
 , the company announced a strategic collaboration with Microsoft to create an aerospace cloud system within Microsoft Azure, aimed at addressing the emerging cloud computing needs of eVTOLs, UAM, and autonomous aviation. 
 In 
 <a href="https://yqqqphhcg2hvaaua-test001.pj-initial.net/updates/19750">
 June 2023
 </a>
 , Volocopter collaborated with ADAC Luftrettung to develop next-generation eVTOL for emergency medical services.
 
 
 The company has also partnered with several corporations to expand its geographic reach such as 
 <a href="https://www.volocopter.com/newsroom/japan-series-e-regulatory-pathway/">
 Sumitomo Corporation
 </a>
 (a key strategic partner for entry into service in the Japanese market starting in 2025), 
 <a href="https://www.volocopter.com/newsroom/volocopter-and-geely-joint-venture-orders-150-aircraft/">
 Geely
 </a>
 (to bring UAM to China), 
 <a href="https://www.volocopter.com/newsroom/atlantia-aeroportodiroma-volocopter-bring-airtaxis-to-italy/">
 Atlantia, Aeroporti di Roma
 </a>
 (to bring electric air taxis to Italy), 
 <a href="https://www.volocopter.com/newsroom/volocopter-joins-osaka-roundtable-jal/">
 Japan Airlines
 </a>
 (conduct public test flights in2023), 
 <a href="https://www.volocopter.com/newsroom/volocopter-partners-with-urban-movement-labs-of-la/">
 Urban Movement Labs
 </a>
 (explore the application of Volocopter&rsquo;s UAM solutions in the Los Angeles area), and 
 <a href="https://www.volocopter.com/newsroom/malaysia-airports-skyports-and-volocopter-collaborate-to-conduct-feasibility-study-for-vertiport-deployment-in-malaysia/">
 Malaysia Airports
 </a>
 (to conduct a feasibility study for vertiport deployment in Malaysia).
 
 
 Funding and financials
 
 
 In its latest funding round in 
 <a href="https://www.volocopter.com/newsroom/series-e-second-signing/">
 November 2022
 </a>
 , Volocopter raised an additional USD 182  million in the second signing of its Series E funding round. The company&rsquo;s diverse investor base includes NEOM, GLy Capital Management of Hong Kong, and Sumitomo Corporation. This followed the initial signing of its Series E funding round in 
 <a href="https://www.volocopter.com/newsroom/series-e-financing-round/">
 March 2022
 </a>
 , which was led by South Korean investor WP Investment, at a pre-money valuation of USD 1.7 billion. Funds were to be used for aircraft certification and launching the first commercial routes.&nbsp;
 
 
 
 
 
</div>

Facial recognition delivers incredible convenience to consumers, as well as serious risks.

Facial Recognition

Oloid is a provider of software solutions offering secure privacy-forward tools for facial recognition at work. The company’s FaceVault platform provides contactless access control, especially targeting deskless workers in the healthcare and manufacturing industries. The technology can be integrated into existing access control infrastructure. Several Fortune 500 customers have used the FaceVault beta platform since 2018, and currently, Flex (a contract manufacturer) is using the platform at several sites in the US.In February 2022, the company raised USD 12 million in Series A funding bringing its total funding to USD 17 million. The funds were expected to be used to expand the company’s access control products portfolio and to expand sales and marketing operations nationwide. Oloid also planned to expand the team in Bengaluru and Silicon Valley to double the workforce.

Providing a seamless consumer experience is one hope for bringing back brick and mortar retail, automated stores are being built to do just that.

Automated Stores

<div>
 
 Grabango provides computer vision-powered, grab-and-go-styled fully automated checkout solutions for retailers. Grabango utilizes in-store overhead rails powered by machine-learning algorithms to detect items picked up by customers. The customers can pick up items in the store and complete their purchase by scanning a code generated in the Grabango mobile app.&nbsp;
 
 
 The technology can be deployed locally and on the cloud. Grabango is designed for stores with more than 100,000 sq ft of floor space. The company claims its solution can recognize objects at an accuracy rate of 99.9% and as of 2020 holds over 30 patents for its technology. Grabango&rsquo;s technology does not use facial recognition.&nbsp;
 
 
 Key customers and partnerships
 
 
 Grabango has deployed its solutions in the US in partnership with as 1) Giant Eagle supermarket to launch five stores (September 2020, expanded in 2021); 2) Circle K for six stores(November 2021); 3) bp to retrofit 10 stores, including ampm stations and Amoco locations (December 2021); 4) MAPCO to launch two stores (February 2022); and 5) Aldi for one store (
 <a href="https://sp-edge.com/updates/26268">
 February 2024
 </a>
 ). The company also has partnerships with retailers 7-Eleven to launch 10 stores in Australia (August 2023) and Copec for 100 stores across South America (December 2023).
 
 
 Funding and financials
 
 
 Grabango raised USD 39 million in a Series B funding round in June 2021 led by Commerce Ventures to support the company&rsquo;s expansion plans.&nbsp;
 
</div>

Quantum information processing is slowly becoming a reality, ushering in a new technological era.

Quantum Computing

<div>
 
 Zapata Computing is a quantum software and services company spun out of Harvard University. Its hardware-agnostic software applications target problems such as optimization, artificial intelligence (AI), chemistry, simulation, and modeling across various industries (e.g. finance, materials, pharmaceuticals, and logistics).&nbsp;
 
 
 In April 2020, the company announced an end-to-end platform for quantum-enabled workflows called Orquestra. The platform is a unique solution that translates quantum programs into the necessary hardware back-ends (hardware agnostic), combines algorithms written on different software platforms (software agnostic), and manages transfers from one platform to another&mdash;storing results for later analysis.&nbsp;
 
 
 
 
 
 Key customers and partnerships
 
 
 The company has entered partnerships with hardware developers including Microsoft, IBM, Rigetti, and Honeywell to provide a range of back-end systems where users can experiment with its software. In November 2023, the company secured a multi-million-dollar Phase II contract from the 
 <a href="https://sp-edge.com/updates/24555">
 Defense Advanced Research Projects Agency (DARPA)
 </a>
 to develop open-source tools for quantum computing applications within the industrial sector. In February 2024, the company collaborated with D-wave to combine generative AI and quantum computing technologies to develop commercial applications.&nbsp;
 
 
 
 
 
 Funding and financials
 
 
 Zapata Computing signed a definitive business combination agreement with Andretti Acquisition Corp. to go public on the 
 <a href="https://sp-edge.com/updates/21599">
 New York Stock Exchange (NYSE)
 </a>
 under the ticker symbol &ldquo;ZPTA.&rdquo; In Q1 2024, the combined entity was expected to have a pre-money equity value of USD 200 million and a pro forma equity value between USD 281 million and USD 365 million after redemptions and an inflow of USD 84 million from the SPAC company.&nbsp;
 
 
 
</div>

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

Alternative Energy

KORE Power is a US-based company that has developed nickel manganese cobalt (NMC) and lithium-ion iron phosphate (LFP) EV batteries and energy storage systems.In 2022, the company began construction of its 6 GWh KOREPlex advanced battery cell manufacturing facility with plans to begin delivering batteries between 2024 and 2025. The facility will have multiple production lines to produce NMC and LFP EV batteries and ESS.Key customers and partnershipsIn March 2022, KORE Power acquired Northern Reliability and launched KORE Solutions, a full-service storage integrator, which will operate as a division of the company. In <a href="https://sp-edge.com/updates/21169">August 2023</a>, KORE signed a master supply agreement with Energy Vault where KORE will supply the latter with batteries from 2025 onwards.Funding and financialsIn <a href="https://sp-edge.com/updates/19360">June 2023</a>, the company received a loan amounting to USD 850 million from the US Department of Energy's Loan Programs Office (LPO) under the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program. The company intended to use the funds for the construction of its 6 GWh KOREPlex advanced battery cell manufacturing facility in Buckeye, Arizona. Prior to this in November 2022, the company raised USD 75 million in a Series A funding round led by Siemens Financial Services. The company planned to use the funds to construct its battery cell factory.

AI-based solutions for evolving digital threats

Next-gen Cybersecurity

<div>
 
 Nozomi Networks offers a platform to protect industrial control systems (ICS), industrial IoT, and OT devices. The company&rsquo;s platform leverages AI, behavioral analytics, and continuous monitoring capabilities to provide enterprises real-time visibility on their IoT and OT networks and detects cyber threats, vulnerabilities, and other anomalies before they materialize. The company&rsquo;s threat intelligence solution provides real-time threat and vulnerability intelligence to reduce the mean-time-to-detection (MTTD), and the Asset Intelligence solution delivers OT and IoT intelligence to detect anomalies at a faster mean-time-to-response (MTTR). The Central Management Console (CMC) integrates OT and IoT threat monitoring capabilities across site deployments in the edge or cloud (including AWS, Azure) for streamlined workflows and faster MTTR. The company offers multiple licensing options for its security solutions including subscription licenses, enterprise license agreements (ELAs), and perpetual licenses.
 
 
 Key customers and partnerships
 
 
 As of August 2022, Nozomi Networks supported over 74 million devices across the energy, manufacturing, mining, transportation, utilities, building automation, smart cities, and critical infrastructure sectors.
 
 
 The company has forged strategic partnerships in IT, OT, and IoT with the world&rsquo;s five largest IT cybersecurity companies, seven of the world&rsquo;s 10 largest industrial automation companies, and five of the world&rsquo;s top 10 consulting companies including Exabeam, Deloitte, EY, FireEye, Google Cloud, IBM Security, Cisco, Palo Alto Networks, Zscaler, and AWS.
 
 
 Nozomi Networks 
 <a href="https://sp-edge.com/updates/12649">
 partnered
 </a>
 with the smart building infrastructure and technology company, Johnson Controls in August 2022 to deliver its threat assessment solutions and further extend the cybersecurity capabilities of Johnson Controls&rsquo; customers&rsquo; IoT infrastructure with threat monitoring and visibility. In November 2022, Nozomi Networks 
 <a href="https://sp-edge.com/updates/14714">
 partnered
 </a>
 with the IoT/OT security startup, Viakoo to provide an agentless, end-to-end, IoT enterprise security management solution. During the same period, the company 
 <a href="https://sp-edge.com/updates/14713">
 partnered
 </a>
 with the low-code security orchestration, automation, and response (SOAR) startup, Swimlane toprovide a joint solution that automates security orchestration, threat detection and response to maintain continuous asset compliance and mitigate cyber threats across OT and IT entry points in industrial and critical infrastructure security operations.
 
 
 Funding and financials
 
 
 In August 2021, the company 
 <a href="https://sp-edge.com/updates/4606">
 raised USD 100 million
 </a>
 in a Series D funding round led by Triangle Peak Partners. The funds were utilized to accelerate product development and scale its go-to-market efforts by expanding its sales teams and increasing marketing initiatives.
 
 
 The company saw an over 5,000% increase in the number of devices handled during 2020, with the company doubling its customer base leading to a 90% YoY increase in new customer revenues, and an increase in annual recurring revenue by 110% during the same year. In 2020, the company reported that its market share neared 50% in key industry verticals.
 
</div>

Electrifying passenger and commercial travel

EV Economy

KORE Power is a US-based company that has developed nickel manganese cobalt (NMC) and lithium-ion iron phosphate (LFP) EV batteries and energy storage systems.In 2022, the company began construction of its 6 GWh KOREPlex advanced battery cell manufacturing facility in Arizona, with plans to begin deliveries between 2024 and 2025. The facility will have multiple production lines to produce NMC and LFP ESS and EV batteries. The company has reported the possibility of expanding the facility further to 12 GWh to meet market demand.Funding and financialsIn June 2023, KORE Power received a conditional commitment for a loan of <a href="https://sp-edge.com/updates/19360">USD 850 million </a>from the US Department of Energy's Loan Programs Office (LPO) under the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program. The company intended to use the funds to support the construction of its KOREPlex manufacturing facility.

Unlocking the potential of olfaction through technology

Smell Tech

NevadaNano is a company that specializes in gas detection sensor technology. Their flagship product is the Molecular Property Spectrometer (MPS), which is a highly accurate and reliable sensor for detecting flammable gases and refrigerants. The MPS sensors offer several key advantages over traditional gas sensors.
Firstly, they can accurately report gas concentrations from 0-100% lower explosive limit (LEL) across 19 flammable gases and six refrigerant gases with a single factory calibration, eliminating the need for field maintenance over their lifetime. Secondly, the sensors feature integrated, real-time measurements and built-in compensation for temperature, pressure, and humidity, ensuring accurate readings across a wide range of environmental conditions, including rapid transients.
Additionally, NevadaNano's MPS sensors are inherently immune to drift, decay, or poisoning, which are common issues faced by traditional sensors over time. This technology was originally developed with support from DARPA, the Department of Defense, and the Department of Homeland Security for challenging gas detection applications.
The MPS sensors have garnered recognition, winning the prestigious R&D100 award and the Tech Connect National Innovation award. NevadaNano's innovative approach to gas detection represents the first new technology in the field in over 40 years, utilizing 24 patented inventions.
In May 2021, NevadaNano announced a partnership with Universal Site Monitoring (USM) to integrate its MPS Flammable Gas Sensors into USM's BLE Gas Sensors and future Personal Safety Monitors. This integration aims to bring real-time gas detection capabilities to the mobile phone market, enabling end-users to monitor gas risks in the field by connecting their mobile phone fleet to USM's Universal Data Interface.

Using real-time data to create dynamic virtual representations of the real world

Digital Twin

Element Analytics provides an operations data management platform for industrial enterprises to enable users to make faster and data-driven decisions. Its flagship product is Element Unify which combines information technology (IT) and operational technology (OT) data on a single platform to provide users with contextualized data for analyticsAs of June 2024, the platform can be integrated into Azure Digital Twins by Microsoft, AWS IoT TwinMaker, AVEVA, Radix, Cyient and AW IoT SiteWise. By integrating into a digital twin platform, users are able to deploy, govern and maintain models. The platform is available in personal, team and enterprise packages.&nbsp;Key customers and partnershipsThe company operates a B2B business model providing services to customers in the chemical, power, agriculture and oil and gas industries.&nbsp;In August 2022, the company partnered with a global digital provider, IPCOS, to expand the Unify platform through the chemical plant industry. In April 2023, the company partnered with HighByte, a data management provider, to launch an integrated solution based on AWS’ Industrial Data Fabric Architecture. Other partners include Radix, Microsoft Azure, and AWS.&nbsp;Funding and financialsThe company raised USD 18 million in June 2020 in a series B funding round co-led by Activate Capital and Forte Ventures. The funds were earmarked toward advancing its industrial enterprise solutions.&nbsp;As of April 2023, the company had a customer base with a total revenue of USD 750 billion.

Taking commercial activities to new heights

Commercial Drone Tech

InfiniDome is a leading provider of GNSS/GPS protection and resilient navigation solutions tailored to defend unmanned aerial vehicles (UAVs), drones, and ground vehicles from jamming attacks. The company develops innovative products that ensure the integrity and reliability of these platforms during jamming incidents, catering to both commercial and defense applications.
InfiniDome's flagship offering, GPSdome, is a small-sized retrofit module compatible with any GNSS-based receiver. Launched in 2019, it provides protection against GPS jamming on the L1 frequency band, ensuring the continuity of autonomous navigation even in challenging environments. The company subsequently introduced GPSdome2 in October 2022, an industry-first high-end anti-jamming solution for defending small to medium-sized UAVs and manned/unmanned ground vehicles. GPSdome2 offers dual-band protection (GPS L1 & L2 or GPS L1 & Glonass G1) and can create up to three simultaneous nulls to defend against multiple jamming attacks in each band.
Complementing their anti-jamming technology, InfiniDome collaborated with Honeywell to develop a resilient navigation system. This end-to-end solution integrates Honeywell's Compact Inertial Navigation System (HCINS) and Radar-based Velocity System (HRVS) with InfiniDome's anti-jamming technology, providing continuous, accurate navigation data in GNSS-challenged or fully denied environments.
InfiniDome acquired undisclosed customers across diverse sectors, including defense, commercial fleet management, maritime operations, and critical infrastructure timing servers. In March 2024, the company established InfiniDome US to better serve the American aerospace and defense markets.

Empowering efficiency, visibility and collaboration throughout supply networks

Supply Chain Tech

<div>
 
 Chain.io offers a cloud-based integration platform that connects shippers and freight companies across the global supply chain. The company&rsquo;s pre-built adaptors enable shippers and freight companies to integrate their legacy systems with modern API-based SaaS tools to provide them with visibility across their supply networks to efficiently manage freight.
 
 
 
 
 Beyond mere integration, the platform automates freight operations with pre-configured plugins built to expedite the booking, moving, and delivery of freight. This includes automation focused on PO management, securing freight insurance, sending advanced shipment notices (ASN), and invoice processing as well as improving the overall efficiencies in agent, carrier, and customs operations. The platform also enables advanced insights through the aggregation of data from multiple sources into a centralized database. The platform feeds this information into internal reporting and is populated in external dashboards to provide visibility on key operational metrics and environmental impacts.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 As of October 2023, Chain.io&rsquo;s platform was used by leading brands such as Ex Works, Janel Group, John S Conner, Magnate Worldwide, OIA Global, and Jaguar Freight Services. As of June 2022, the company claimed that 10 of the 15 world&rsquo;s largest freight forwarders were also using its platform.
 
 
 
 
 Funding and financials
 
 
 
 
 In June 2022, the company raised USD 11 million in a Series A funding round co-led by Fontinalis Partners and High Alpha. The funding was aimed at expanding the company&rsquo;s network of native integrations to the industry&rsquo;s supply chain technology platforms and to expand its geographical reach across North America, Europe, and Asia.
 
 
 
</div>

Empowering the modern soldier with cutting-edge technology

Military Tech

CesiumAstro, founded in 2017 and headquartered in Austin, Texas, specializes in developing high-throughput, software-defined phased array communication payloads for aerospace applications. The company's product offerings include active electronically steered arrays (AESAs) and software-defined radios for satellites, ground stations, high-altitude platform systems, and airborne platforms. CesiumAstro's technology enables flexible and efficient communication in space, allowing for beam steering, power modification, and mission adaptability. The company provides full-stack, multi-mission hardware and software solutions that cater to commercial, government, and defense objectives. CesiumAstro's products cover frequencies from L-band to V-band, with its first-generation S-band products shipped in 2020 and Ka-band products following in 2021. In January 2023, CesiumAstro acquired TXMission, a UK-based company specializing in software-defined radios and modems, further expanding its product portfolio and establishing a presence in the UK.
Key customers and partnerships
CesiumAstro's customer base includes notable organizations such as the Aerospace Corp., Airbus, Defense Advanced Research Projects Agency, Defense Innovation Unit, Honeywell, NASA, Northrop Grumman, the US Missile Defense Agency, and the US Navy. In May 2023, Raytheon announced plans to integrate seven of CesiumAstro's Vireo AESA RF communications payloads into its low-Earth orbit satellites being developed for the Pentagon's Space Development Agency's Proliferated Warfighter Space Architecture. The company has also formed strategic partnerships with aerospace industry leaders, including a collaboration with L3Harris Technologies.

Optimizing the future of energy with software solutions

Energy Optimization & Management Software

KORE Power is a leading US-based developer and manufacturer of lithium-ion battery cells and energy storage solutions. Founded in 2018, the company designs and produces battery cells, modules, and packs for the energy storage and electric vehicle (EV) markets. KORE Power offers both nickel manganese cobalt (NMC) and lithium iron phosphate (LFP) battery chemistries, along with its own battery management system. The company's product portfolio includes energy storage systems for utility, commercial, industrial, and e-mobility applications.
KORE Power is currently constructing the KOREPlex, a 1.3 million square foot manufacturing facility in Buckeye, Arizona. Once operational, the plant will have an initial annual production capacity of six GWh of battery cells, with the potential to expand to 12 GWh. The facility is expected to begin commercial production by the end of 2024 or early 2025. In June 2023, KORE Power received a conditional commitment for an USD 850 million loan from the US Department of Energy's Loan Programs Office to support the construction of the KOREPlex.
In addition to cell manufacturing, KORE Power has expanded its offerings through strategic acquisitions and partnerships. In 2022, the company acquired Northern Reliability, an energy storage system integrator, to form KORE Solutions. This vertical integration allows KORE Power to provide end-to-end energy storage solutions. The company has also launched Nomad Transportable Power Systems, a subsidiary that produces mobile energy storage units for various applications, including power backup, emergency response, and grid support.
KORE Power has recently introduced its DC Block products, which are all-in-one energy storage solutions manufactured in the US. These systems are available in 750 kWh LFP and 1.3 MWh NMC configurations, designed to simplify installation and reduce project timelines for customers.

Nozomi Networks provides an industrial cybersecurity solution for real-time visibility to manage cyber risk and improve resilience for industrial operations. Customers gain advanced cybersecurity, improved operational reliability and IT/OT integration. It supports over a quarter of a million devices in sectors such as critical infrastructure, energy, manufacturing, mining, transportation, and utilities, to tackle escalating cyber risks to operational networks (OT).

infiniDome develops and sells GPS protection and navigation resiliency solutions tailored to defend UAVs and vehicles from jamming attacks.

Volocopter is the pioneer of urban air mobility (UAM), an emerging branch of fully electric aviation. Our aspiration to make the dream of electric flight come true has resulted in safe and uniquely designed aircraft. Our air taxis and longer-range passenger aircraft will offer alternative, affordable transit solutions – emission-free and more sustainably and efficiently than before. For more than 10 years, we have been enhancing our initial prototype to build a sophisticated ecosystem that will complement our air taxis, thus opening up a whole new perspective on and for the city. By offering all-electric flights over megacities across the globe, we will make more room on the streets, thus relieving congestion, pollution, and other big-city hassles. Interconnected key transport hubs will allow us to ferry passengers across major cities more easily and sustainably than before.

NevadaNano (Nevada Nanotech Systems, Inc.) develops and manufactures micro-electro-mechanical systems (MEMS)-based sensor modules and subsystems for a diverse array of commercial and government applications. Our products are used by system integrator partners and by system manufacturers who benefit from the unique characteristics of our sensors — namely small size, low cost, unattended operation, and the ability to detect a broad range of threats with a single, standard sensor configuration.  The company was founded in 2004 to commercialize a unique sensor technology developed at the University of Nevada, Reno. Early R&D was supported by DARPA, the DOD, and the Department of Homeland Security. NevadaNano has now turned its focus to commercial applications, specifically, the Internet of Things (IOT).  NevadaNano is uniquely positioned to address a broad range of sensor applications. Vapors from bio-agents have been successfully detected, as have chemicals representative of illicit drugs and human respiration. The greatest impact from chemical, explosive, and bio-sensors will only be felt when they can be deployed ubiquitously in large numbers and over wide areas. This will only happen when sensors are small and affordable, can sense a very broad range of substances, and are robust enough to operate unattended for long periods of time. The core element of NevadaNano’s sensor modules and systems is manufactured on a solid-state, MEMS technology, offering small size, low cost, and high reliability. The sensing element is an array of MEMS structures that are not only self-activating and self-sensing, they are also self-cleaning and self-calibrating, thus enabling unattended deployment for extended periods. Using proprietary materials as well as unique sensing methods and analysis techniques, a single sensor configuration is able to detect hundreds of diverse types of vapors and particles. These advantages make our Molecular Property Spectrometer™ (MPS™) solution the leading candidate to fulfill the vision of ubiquitous sensor deployment for both homeland security and commercial applications.

Nanoprecise has created a ''patent-pending'' solution (hardware + software) that combines physics, material science, and data analytics to diagnose issues with machinery and detects anomalies, characterizes the faulty components and predicts the ''Remaining Time to Failure.''  Nanoprecise's sensor is the first sensor in the world that extracts RPM, vibration, sound, temperature & humidity information, all from one sensor. The software (which is built on AI algorithms that are only limited to research papers until now) analyzes the data from various sensing elements and achieves anomaly detection, fault characterization & remaining useful life prediction. This end to end solution can be deployed cost-effectively and can be utilized on any machine in the world in any industry. Since Nanoprecise was founded in Dec 2017, it has customers spanning across Oil & Gas, Mining, Utilities, HVAC & Infrastructure sectors.

DarwinAI’s Generative Synthesis 'AI building AI' technology enables optimized and explainable deep learning. Based on distinguished scholarship by an award-winning team led by a Canada Research Chair in A.I., DarwinAI takes the guesswork out of building better A.I. The company is providing manufacturers with an end-to-end solution to improve product quality and increase production efficiency.

Kore Power manufactures energy storage, electric vehicles, microgrids, utilities, and e-mobility systems for the clean energy industries. The company was founded in 2018 and is headquartered in Coeur d'Alene, Idaho.

Noodle.ai offers pioneering business solutions in Enterprise Artificial Intelligence, a unique collaboration among business executives, process experts, and artificial intelligence technologies (e.g., machine learning, predictive data analytics, data science).  The company creates and implements these solutions to solve complex business challenges and drive dramatic improvements in customer, product, and enterprise operations.

Acalvio, the leader in cyber deception technology, helps enterprises actively defend against advanced security threats. Acalvio ShadowPlex Cyber Deception Platform, built on 25 issued patents in autonomous deception and advanced AI, provides robust solutions for Identity Threat Detection and Response (ITDR), Advanced Threat Detection, OT Security, Zero Trust, Active Directory Protection, and Ransomware Protection. The Silicon Valley-based company’s solutions serve Fortune 500 enterprises, and government agencies and are available to deploy on-premises, in the cloud, or via marquee managed service providers. For more information, please visit www.acalvio.com.

OLOID provides passwordless identity and access solutions, converging cyber and physical security. Physical identity factors such as access card, face, palm scan, etc. for frictionless login into devices and SSO systems. OLOID integrates digital identity seamlessly across HR, IT, and records systems creating a unified passwordless authentication platform for shared devices. With physical security and time clock integration, OLOID is able to provide seamless and secure authentication across the day of a deskless worker. The Sunnyvale, California-located company was established in 2019.

Daedalean is a Swiss Zurich-based startup founded in 2016. It is building autonomous flight control software (AI-based airborne applications) for civil aircraft of today and the advanced aerial mobility of tomorrow – robotic air taxi. Daedalean's eventual goal is to create an AI pilot able to pass the exam for human pilots. The company has brought together expertise from machine learning, robotics, computer vision, path planning, and aviation-grade software engineering and certification. Daedalean brings to market the first-ever machine-learning-based avionics in an onboard visual awareness system demonstrating capabilities on a path to certification for airworthiness.

Grabango is a checkout-free technology for existing, large-scale grocery, and convenience stores. Grabango is working with billion-dollar global retailers to retrofit existing stores to make waiting in lines a thing of the past. They just raised $39M in Series B funding, and we are excited to accelerate the growth of their team and their store deployments to deliver on their mission to eliminate lines and save people time. With Grabango, shoppers choose their items as usual, and then skip the line by scanning a code in their Grabango app on the way out. Our solution uses computer vision technology to identify items as they are picked up. It counts those items and sends the receipt to the shopper’s phone after they leave the store. Grabango delivers a seamless shopping experience that is becoming the global standard. Driven by passion to improve peoples’ daily lives, our technology brings computer vision and machine learning to existing brick-and-mortar stores by processing the interactions between people and products. We are the first and only company to successfully retrofit checkout-free technology into an existing store and work with high accuracy in a dynamic, real world environment. No facial recognition technology is used and all data is anonymized to protect customer privacy. Founded in 2016, Grabango is based in Berkeley, California.

FarEye’s AI-powered functionality optimizes end-to-end deliveries and provides recommendations driven by aggregation of insights. It empowers enterprises to gain real-time visibility, excel in the last mile, and deliver customer delight. FarEye has the vision to use aggregated data and real-time feedback to drive autonomous deliveries with autonomous vehicles and drones.  With 17 Gartner mentions, DHL, Hilti, UPS, Gordon Foods, Zalora, and 150 plus customers have laid trust in FarEye as their partner of choice across 30 countries. FarEye is empowering global enterprises to shrink delivery time by up to 27%, increase courier productivity by up to 15%, eliminate risks by up to 57%, and ensure operational excellence

Chain.io's integration platform enables the logistics industry to provide a seamless digital experience that consumers demand by connecting partners through reusable, best practice integrations. The platform uses complex, next-generation technologies like data graphs, and AI without all of the heavy lifting involved in most supply chain integration projects. Chain.io helps anyone involved in buying or moving products work with supply chain vendors, customers, and software platforms more efficiently. With logistics expertise built into the heart of its software, Chain.io plugs into any ecosystem seamlessly and makes sure the right data is going to the right people at the right time.

Fictiv is the operating system (OS) for custom manufacturing that makes it faster, easier, and more efficient to source and supply mechanical parts. Its intelligent OS, supported by best-in-class operations talent, orchestrates a network of highly vetted and managed partners around the globe for fast, high-quality manufacturing, from quote to delivery. To date, Fictiv has manufactured more than 25 million parts for early-stage companies and large enterprises alike, helping them innovate with agility and get products to market faster.

CQCL develops tools for the commercialisation of quantum computers by understanding quantum protocols and also quantum algorithms. In the coming period as quantum devices become more prevalent, the focus of CQCL's activity is the development of algorithms and source code.

Zapata Computing is a quantum software company that offers computing solutions for industrial and commercial use. It provides hardware-agnostic solutions for simulation, optimization, and machine learning applications in chemistry, finance, logistics, pharmaceuticals, engineering, and materials. Zapata Computing is a spun out of Harvard University launched by a group of Harvard scientists, including Alán Aspuru-Guzik. The company was founded in 2017 and is headquartered in Boston, Massachusetts.

Element, a leading software provider in IT/OT data management, enables industrial organizations to unite their IT and operations data to produce analytical insights that drive cleaner, safer, healthier, and more profitable operations.  Element Unify transforms siloed IT/OT data into contextualized, graph-based models to support diverse analytical workloads and data governance.  Element’s customers represent over $250 billion in revenue, $230 billion in fixed assets and 450,000 employees. To learn more about Element, please visit elementanalytics.com and follow the company on Twitter and LinkedIn.

Tact.ai is on a mission to help life science organizations nurture meaningful customer engagement through our human-friendly software. Our AI-powered engagement platform empowers field teams to work with their customers in new ways to drive better outcomes. Tact.ai is headquartered in Silicon Valley and is backed by some of the world’s leading firms in venture capital, technology, and healthcare and life sciences, including Microsoft’s venture fund M12, Salesforce Ventures, Novartis, Lilly and McKesson Ventures. Visit us at: https://www.tact.ai/

Soft Robotics provides services in designing and building automated picking solutions using proprietary soft robotic grippers, 3D machine perception, and artificial intelligence. The company was founded in 2013 and is based in Bedford, Massachusetts, United States.

Aizon is an AI software provider that transforms manufacturing operations with the use of advanced analytics, artificial intelligence, and other smart factory technologies focused on optimizing production within highly regulated industries. The Aizon AI platform seamlessly integrates unlimited sources of structured and unstructured data to deliver actionable insights across all manufacturing sites. Aizon offers an intuitive way to gain meaningful operational intelligence by enabling real-time visibility and predictive insights in a GxP compliant manner with end-to-end data integrity.

Theatro is a software company that creates productivity, safety, and knowledge apps for the indoor mobile workforce. With an initial focus on retail and hospitality market, Theatro creates a suite of SaaS apps (sometimes including hardware) providing real-time management command, control, and information to busy people in busy environments.  Augmenting Theatro's platform automation, Theatro leads in collecting behavioral and contextual information of its users, along with leading in patents for mobile user data collection methods and applying user context for decision making or GenAI optimization.  Using the combination of apps, speech segments, and real-time user context, Theatro provides users, internal apps, or external GenAI systems the critical contextual information for efficient information distribution and precise AI interactions with minimal processing overhead.  Theatro was founded in 2011 in Menlo Park, CA and is now based in Richardson, Texas, United States.

CesiumAstro delivers communication systems for satellites, UAVs, launch vehicles, and other space or airborne platforms. Each of the company's products combines carefully selected COTS components with the traditional reliability necessary for aerospace systems. Its products enable connectivity between satellites, drones, planes, cars, and other mobile devices and generate electronically steerable beams of radio waves carrying information between the devices, and its software stitches the information together.

IoTium is the first secure network infrastructure company for the Industrial Internet of Things (IIoT). Headquartered in Silicon Valley and backed by GE Ventures, March Capital, and Juniper Networks, IoTium was founded with the understanding that secure connections matter. The company's patented technology enables a Network as a Service (NaaS) solution to securely connect legacy onsite systems to cloud-based applications, allowing building and industrial automation, oil & gas, manufacturing, transportation and smart city industries to realize the promise of Industry 4.0. For more information, visit: http://www.iotium.io.

FogHorn is a developer of “edge intelligence” software for industrial and commercial IoT application solutions. FogHorn’s software platform brings the power of advanced analytics and machine learning to the on-premises edge environment enabling a new class of applications for advanced monitoring and diagnostics, machine performance optimization, proactive maintenance and operational intelligence use cases. FogHorn’s technology is ideally suited for OEMs, systems integrators and end customers in manufacturing, power and water, oil and gas, renewable energy, mining, transportation, healthcare, retail, as well as smart grid, smart city, smart building and connected vehicle applications.

Honeywell is a Fortune 100 company that invents and manufactures technologies to address tough challenges linked to global macrotrends such as safety, security, and energy. With approximately 129,000 employees worldwide, including more than 19,000 engineers and scientists, we have an unrelenting focus on quality, delivery, value, and technology in everything we make and do.

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