Kyn Biosciences Inc. is a seed and series A-stage investment group that leverages expertise in technology, finance, governance, operations, and regulatory frameworks to identify global investment opportunities within the biosciences domain. Kyn Biosciences was founded in 2018 and is based in Vancouver, British Columbia.

Kyn Biosciences

entrepreneurship@UBC propels UBC innovations out into the world through venture creation, providing UBC students, researchers, faculty members, alumni and staff with the resources, networks, and funding they need to succeed.  As one of the world’s top 40 research universities with 80,000 students, faculty and staff and over $650M annual research funding, UBC has long been a catalyst for innovation. Part of the Innovation UBC network, entrepreneurship@UBC supports UBC ventures and entrepreneurs to generate social and economic impacts in B.C. and around the world. To date, entrepreneurship@UBC ventures have raised more than $221 million in funding, generated more than $30 million in revenue and hired more than 600 employees, stimulating the economic and social landscape of B.C. while building anchor companies that have a global impact.

entrepreneurship@UBC

HATCH ventures is a joint effort between UBC’s Institute for Computing, Information and Cognitive Systems (ICICS) and entrepreneurship@UBC.

HATCH ventures

Pareto Holdings is an early-stage investment vehicle founded by Jon Oringer and Edward Lando. We execute on dozens of investments per month and are often the first to back exceptional entrepreneurs. We are industry and geography agnostic, and specialize in pre-seeding companies. We’ve made 500+ investments to date. Unlike others, we only invest our own money with a small and mighty team around the world.

Pareto Holdings

WGD Capital invests in early- and expansion-stage private companies.

WGD Capital

Raiven Capital is a new cross-border early-stage venture capital firm.

Raiven Capital

Yaletown Partners specializes in investing in software, data, and device technologies. It invests in technology companies that improve industry and enterprise productivity and sustainability, to help accelerate their growth, shorten exit timeframes, and accomplish strong exit premiums. With offices in Vancouver, Calgary, Montréal, and a growing presence in Toronto, Yaletown is led by a national team that contributes almost 100 years of technology-industry experience and a network of extensive industry relationships.

Yaletown Partners

3KVC is a New York-based venture fund focused on early-stage investments. The company intends to invest in the software and financial services industries.

Third Kind Venture Capital

Elevated Signals

Initially pioneered in one of the most heavily regulated industries in the world, Elevated Signals is a cutting-edge software company driving modern manufacturing for rapidly growing businesses in emerging sectors. Since 2016, the unified digital platform has empowered its customers to work smarter, allowing them to focus on making strategic decisions rather than being bogged down by complex spreadsheets and data guesswork. The cloud-based manufacturing solution is designed to streamline operational efficiency by automating manual tasks and managing real-time inventory data via a central source of truth. Tailored for flexibility and user-friendliness, it helps manufacturers avoid stockouts and delays with precise end-to-end batch production tracking, instant one-click compliance reporting, and easy accessibility across departments. The scalable platform also offers workflow customization across inventory, quality, and finance. Manufacturing workers can quickly gain the insights needed to make quicker and better decisions, improve their productivity, and cut down on waste.

<div>Elevated Signals offers a cloud-based platform that enables manufacturing businesses to perform digital batch record-keeping, granular inventory accounting, real-time information tracking, and data analytics. The platform enables users to track the location, state, and status of products, create work orders and reports, and digitize their quality assurance programs. Moreover, users can connect their own sensors via the platform&rsquo;s pre-built application programming interfaces to analyze historical data.</div>

Using data and automation to achieve 24/7 production.

Smart Factory

Elevated Signals and Auxilium Partner to Recover the $3.4 Trillion of Critical Minerals in Mining Waste

<div>
 
 Elevated Signals offers a cloud-based platform that enables manufacturing businesses to perform digital batch record-keeping, granular inventory accounting, real-time information tracking, and data analytics. The platform enables users to track the location, state, and status of products, create work orders and reports, and digitize their quality assurance programs. Moreover, users can connect their own sensors via the platform&rsquo;s pre-built application programming interfaces to analyze historical data.
 
 
 
 
 As of March 2024, the platform was integrated with a number of third-party platforms such as Monnit, Arable, Quickbooks, and Isolocity.&nbsp;
 
 
 
 
 Key customers and partnerships
 
 
 
 
 The platform caters to small and medium-sized enterprises in several industries such as controlled environment agriculture, natural health product manufacturing, critical minerals recovery, and mining. As of March 2024, its SMB clientele included Delibel, Pistol and Paris, Rubicon, Joi Botanicals, and Medical Saints.
 
 
 
 
 Funding and Financials
 
 
 
 In February 2024,
 <a href="https://sp-edge.com/updates/27031">
 Elevated Signals raised USD 7.9 million
 </a>
 (CAD 7.9 million) in Series A funding led by Yaletown Partners to scale up its platform, invest in further product development, and expand its leadership team. 
 
</div>

<div>
 
 Righthand Robotics provides autonomous robotic picking solutions called RightPick. It utilizes a smart gripper, machine learning, and computer vision to imitate human hand-eye coordination. It develops software and hardware for predictable order fulfillment at scale with flexibility. The company&rsquo;s solutions can be utilized in industries such as apparel, grocery, pharmaceuticals, and electronics. It is based in Massachusetts and has an office in Tokyo, Japan. The company is focused on expanding its European operations, having opened an office in Frankfurt, Germany, in March 2020.
 
 
 In 2019, the company launched the second generation of its piece-picking robotic solution, &ldquo;RightPick2,&rdquo; which includes enhancements to hardware and software. The upgrades included a fifth-generation industrial gripper with the capacity to lift up to 4.4 lbs, new depth-sensing cameras from Intel, and an improved arm from Universal Robots. In 2021, the company launched &ldquo;RightPick 3,&rdquo; with improved picking speeds, capacity to handle a broader item range, and with capabilities for dense packing and damage-free item handling. 
 <a href="https://sp-edge.com/updates/25875">
 In January 2024,
 </a>
 it launched &ldquo;RightPick 4&rdquo; with enhanced AI, sensor suite, and new hardware that allow the system to extend its item-picking range, handle items more efficiently, and enhance system autonomy.
 
 
 In February 2022, the company raised USD 66 million in a Series C round bringing its total funding to USD 100.3 million. The funds were expected to be used to accelerate product and business development, scale global presence by expanding the partner network, expand offices, and acquiring new talent to support overall growth plans. Subsequently, in March 2022, the company announced the launch of its 
 <a href="https://sp-edge.com/updates/9203?industryIds=6">
 partner integrator program,
 </a>
 to complement its robotic piece-picking solutions with warehouse technologies and solution providers to cater to the broad ecommerce order fulfillment market. In May 2022, AutoStore integrator in South Korea Asetec also joined the program.
 
</div>

RightHand Robotics

<div>
 
 SparkCognition is an AI analytics startup offering four deep learning product solutions: Darwin (automated model-building software), DeepArmor (AI-powered cybersecurity), DeepNLP (NLP solution), and SparkPredict (analytics solution utilizing sensor data). These products deliver actionable insights, predict machine issues via historical maintenance data, and provide security from cyber threats. These products can be deployed across multiple industries, such as manufacturing, defense, utilities, oil and gas, and aviation. 
 
 
 SparkCognition&rsquo;s clientele comprises large companies such as Boeing, Hitachi, and British Petroleum. It has also built partnerships with Google for cloud platform services, Hewlett-Packard Enterprise to offer AI predictive maintenance on HPE Edgeline Converged Edge Systems, and OSIsoft to integrate SparkCognition&rsquo;s machine learning technology with OSIsoft&rsquo;s PI system to improve data and process data analytics.
 
 
 The company&rsquo;s most recent funding round was Series D funding worth USD 123 million in January 2022 from March Capital, Doha Venture Capital, B. Riley Venture Capital, AEI Horizon X, Temasek, and several others. The funds were intended to be used to invest in R&amp;D, accelerate sales and marketing, facilitate organic and inorganic growth, and also for the working capital requirements of the company. In March 2022, the company acquired Indian visual AI startup 
 <a href="https://sp-edge.com/updates/9370?industryIds=6">
 Integration Wizards
 </a>
 to expand its intellectual property (IP) portfolio to improve vision capabilities. The company has reported a 2x increase in revenue YoY in 2021.
 
</div>

SparkCognition

Kinta AI provides an automated production planning platform for manufacturing that uses advanced AI algorithms and simulation techniques. Using existing operational data, a SaaS solution is deployed that can be integrated with existing management execution systems (MES), enterprise resource planning (ERP), and Industry 4.0 tools in the factory. The software looks to have cross-functional communication across the factory to eliminate any bottlenecks that delay resolving breakdowns. Kinta AI has partnered with Flex (an electronics manufacturer) and BASF (a chemical company).Kinta AI’s most recent financing was a Series A funding round worth USD 5.5 million in April 2021 led by Lachy Groom’s LGF and Shine Capital. The funds will be utilized to scale operations in existing general industrial client factories and implement the Kinta AI platform in new client factories.

Kinta AI

<div>
 
 Sight Machine provides a digital manufacturing platform enabled by AI. It creates a digital twin of both assets and processes to help manufacturers improve processes, quality, and productivity. It can also gather data from machines of various manufacturers supplying actionable insights for predictive maintenance, quality improvement, capacity utilization, among other benefits. In October 2022, the company released 
 <a href="https://sp-edge.com/updates/13696?industryIds=6">
 Sight Machine Blueprint
 </a>
 to offer manufacturers with advanced data analytics solutions.
 
 
 Sight Machine has established partnerships with large global companies such as Microsoft, Google, and Amazon Web Services (AWS) for their cloud platforms and Fujitsu (system integrator) to help with wide deployments. Sight Machine, which caters to at least 15 verticals, such as food and beverage, electronics, and automotive, is on the move to expand into more verticals. It has global clients of Fortune 500-caliber, including Nissan, Heineken, Westrock Co., and Asian Paints. Sight Machine&rsquo;s most recent funding round was Series C funding worth USD 29.4 million in April 2019, led by LS Group. The funds were to be used to expedite the company&rsquo;s growth.
 
 
 Funding and financials
 
 
 In December 2023, 
 <a href="https://sp-edge.com/updates/25200">
 Sight Machine received a low double-digit million euro investmen
 </a>
 t from TeamViewer to improve industrial digitalization and enhance manufacturing efficiency.
 
 
 
</div>

Sight Machine

Overview uses smart cameras and AI to monitor manufacturing equipment and robots and identify defects in real time before significant damage or downtime is incurred. The technology has a repository of machine data so that there is a traceable visual record of all units. With AI, the cause of production issues and quality concerns can be identified either on-site or remotely. The company claims over time, the deep learning computer vision algorithms allow for any sudden substantial increases in production and improved yields. Funding and financialsIn February 2022, the company raised USD 10 million in series A funding to be used to expand operations and business reach.

Overview

Companies that provide robotic fleet management software, robotic automation software, and inspection software.

Companies that provide an industrial IoT platform across factories as the primary offering.

Companies that provide cobots, sorting/ picking robotics, modular production robotics, and microfactories.

Companies that focus on data analytics for operations streamlining and process optimization, and may offer predictive maintenance.

Companies that provide autonomous mobile robots (AMR) or self-driving vehicles (SDV) used in manufacturing/ factory operations.

Companies that monitor the manufacturing equipment and assembly lines.

Companies that provide predictive maintenance as a primary offering. 

Creates digital twins of assets and processes to help manufacturers improve processes, quality, and productivity

Connected devices, sensors, IoT, and analytics are used to optimize factory operations

Uses advanced robotics, AMRs, and related software to improve the efficiency of factory operations

Uses connected devices and sensors to gather data—IIoT, predictive analysis, and equipment inspection

Uses AI/ML to analyze data for predictive maintenance and AI-based vision systems for line inspections

5G standard allows for faster reaction times and supports high connection densities

Uses edge computing for data processing at the edge

Some companies in the predictive maintenance space uses generative AI to generate possible alternative scenarios

<div>
 
 The analytics platform provider, Elevated Signals, has successfully gained new funding worth USD 7.9 million in a Series A funding round. This was led by Yaletown Partners, and also saw participation from other entities such as Third Kind Venture Capital, WGD Capital, Colin Harris, Raiven Capital, and Pareto Holdings.
 Looking ahead, the Vancouver-based company aims to use this latest injection of funds to grow its platform, push ahead with further product development, and bring new personnel into its leadership team.
 The company, Elevated Signals, specializes in providing a cloud-based platform particularly designed for manufacturing businesses. Its unique offering incorporates features such as digital batch record-keeping, granular inventory accounting, real-time information tracking, and data analytics. The target market includes small to medium-sized enterprises from various industries, including controlled environment agriculture, natural health product manufacturing, critical minerals recovery, and mining.&nbsp;
 
</div>

Elevated Signals

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