Next47

Building future-ready applications in the cloud

Cloud-native Tech

Zesty is an Israeli cloud cost optimization platform.Zesty’s product portfolio contains Commitment Manager, an automated reserved instance management that supports AWS and allows customers to save on-demand costs with minimum commitment and effort, and Zesty Disk, a Block Storage auto-scaler that expands and shrinks storage in runtime to lower costs and improve performance.Zesty offers its products and services on a pay-as-you-go basis and a subscription basis.Key customers and partnershipsHeap, Yotpo, Kaltura, MiQ, Nylas, Walkme, Armis, Voyager Labs, Zerto, XM Cyber, and Package.AI are among Zesty’s customers.Its partners include Varisource, AllCloud, Sastrify, GlobalDots, Superluminar, Ibexlabs, Cresting Wave, Renova Cloud Company, WefactorIT, and Midlink.

Sysdig is a cloud-native technology company providing container security and monitoring solutions.Sysdig offers an extensive container monitoring and troubleshooting solution called Sysdig Monitor. Sysdig Monitor provides deep visibility into containerized environments. With Sysdig Monitor, users can gain real-time insights into their containerized systems, including detailed metrics, logs, and traces. The platform collects data at high granularity, enabling users to identify and troubleshoot issues quickly. It offers powerful analytics and visualization capabilities, allowing users to create custom dashboards and alerts to monitor specific metrics and events.One of the strengths of Sysdig Monitor is its ability to provide end-to-end visibility across the entire container stack, from the application layer down to the host system. It can capture and correlate data from containers, orchestration platforms like Kubernetes, and the underlying infrastructure, providing a holistic view of the environment.Sysdig offers its products through a host-based licensing model.Key customers and partnershipsSysdig’s monitoring platform is used by many technology and non-technology companies, including Goldman Sachs, SAP, and Beekeeper.Sysdig has technology partnerships with AWS, Azure, Google Cloud Platform, Splunk, HashiCorp, CloudBees, and CircleCI.

Logz.io is a cloud observability platform that empowers organizations to monitor, troubleshoot, and secure their modern applications and cloud environments.Logz.io’s primary product is the Open 360 Platform – an open-source-powered unified observability platform. It provides full visibility into the performance and health of an entire stack and builds on open-source observability technologies like Prometheus, M3, OpenSearch, Jaeger, and OpenTelemetry. Open 360’s products include Log Management, Distributed Tracing, and Infrastructure Monitoring. Logz.io’s only other product is Cloud SIEM – a security solution that detects and investigates threats and analyzes security data at scale.Logz.io offers its products on a consumption-based sales model, with pricing plans split between the Observability platform and the Security platform.Key customers and partnershipsLogz.io’s customers operate in industries such as ecommerce, gaming, financial services, IoT, and digital media and entertainment. Some of its notable customers are Unity, Siemens, Forbes, Snyk, DraftKings, AllCloud, Pantheon, Soluto, Rubrik, and Westbrook.Logz.io’s strategic alliances include Capgemini, Amazon Web Services (AWS), Accenture, Deloitte, Microsoft Azure, Siemens, and Oracle.It has technology integrations with Docker, Apache, Cloud Foundry, Fluentd, Elasticsearch, Linux, Java, Heroku, MongoDB, Nagios, MySQL, NGINX, Python, Node, Windows, and Ruby.

Yellowbrick Data is a cloud-native data warehouse that provides scalable Structured Query Language (SQL) analytics for enterprises and applications.Yellowbrick has an elastic architecture with separate SQL-driven storage and compute and runs in customers’ cloud accounts as well as on-premises while also supporting public clouds like Azure, AWS, and GCP. Yellowbrick’s other features include executing complex workloads, support for disaster recovery, support agreements with major ETL Extract, Transform, Load (ETL), BI (Business Intelligence), machine learning, data mining, and change data capture (CDC), and open-source integrations.Yellowbrick can run across multiple enterprise-grade platforms and clouds, including customers’ cloud-native applications.Yellowbrick offers its services on subscription and on-demand bases.Key customers and partnershipsYellowbrick’s customer base operates in industries such as financial services, automotive, insurance, retail, hospitality, and telecommunications. Some notable customers are BMW Group Financial Services, Catalina, ACI Worldwide, TEOCO, Melco, Symphony Retail, LexisNexis, Clarity, Zurich, Nielsen, Bread Financial, and Cardlytics.IBM, Intel, Oracle, Qlik, SAS, Tableau, Talend, Tonic, Domo, and CloverDX are some of Yellowbrick’s technology partners while their solutions partners include Emtec, Next Pathway, Virtusa, G2O, Saxon, Systech and Saarthee.

Using data and automation to achieve 24/7 production.

Smart Factory

<div>
 
 Locus Robotics provides autonomous warehouse robots, LocusBots, which can be reconfigured with any container and sensor. On the back end, it offers a robotics software to control and monitor the fleet of bots, LocusServer. Customers are able to subscribe (monthly subscription fee to be paid) and scale up their use of robots as required, on a Robots-as-a-Service basis. The company states that its solutions can increase productivity by 2x&ndash;3x and reduce overtime spent by 15%. It also claims its software can be integrated with any warehouse management or warehouse control system.&nbsp;&nbsp;
 
 
 
 
 The company opened new headquarters in the EU and was focused on launching strategic reseller partnerships and building its customer base. As of February 2021, Locus Robotics served over 40 customers, including UPS, DHL, Boots UK, Geodis, Verst Logistics, and CEVA Logistics, and had deployed around 4,000 robots across 80 sites, with approximately 80% of its deployments in the US and the remainder in Europe. The company revealed that it exceeded the half-a-billion picking milestone by October 2021 (more than 300 million units picked as of February 2021) with LocusBots picking almost two million items daily.
 
 
 
 
 Locus Robotics acquired AMR provider Waypoint Robotics (September 2021), which offers AMRs that are industrial-strength with omnidirectional mobility features, enabling Locus Robotics to gain access to new market segments. This acquisition will expand the Locus product line of AMR solutions that focus on use cases from ecommerce, case-picking, and pallet-picking to those that require heavier payloads and fulfillment modalities.
 
 
 <a href="https://sp-edge.com/updates/22353">
 In October 2023
 </a>
 ,&nbsp; Locus Robotics extended its AMR warehouse automation solution to customers in Italy and Poland, increasing its presence in Europe. These products are available on a subscription-based robotics-as-a-service model. 
 <a href="https://sp-edge.com/updates/23242">
 It also extended to Central America
 </a>
 by making its first AMR deployment in Mexicali, Mexico at the fulfillment warehouse of lifestyle brand, Solo Brands.
 
 
 
 
 <a href="https://sp-edge.com/updates/22353">
 In October 2023
 </a>
 ,&nbsp; Locus Robotics extended its AMR warehouse automation solution to customers in Italy and Poland, increasing its presence in Europe. These products are available on a subscription-based robotics-as-a-service model. 
 <a href="https://sp-edge.com/updates/23242">
 It also extended to Central America
 </a>
 by making its first AMR deployment in Mexicali, Mexico at the fulfillment warehouse of lifestyle brand, Solo Brands.
 
 
 Funding and financials
 
 
 
 
 In November 2022, Locus Robotics 
 <a href="https://sp-edge.com/updates/14949?industryIds=6">
 raised USD 117 million
 </a>
 in Series F funding led by Goldman Sachs Asset Management and G2 Venture Partners, valuing the company at &ldquo;close to&rdquo; USD 2 billion. The company previously raised USD 50 million in additional funding (series E round) from return investor Tiger Global Management in September 2021. The funds were used to facilitate the company&rsquo;s continued growth and further expand global operations.&nbsp;
 
 
 
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Wandelbots is a German provider of robotic software that allows non-programmers to program robotic workflows using no-code technology. The platform, which was due to launch in November 2024, would provide pre-built tools and services to allow developers to optimize and complement platform services as well as an agnostic driver system for streamlined hardware integration. Moreover, users can virtualize and simulate their automation environment and test a number of factors such as physical limitations and material conditions via an integration into the Nvidia Omniverse.&nbsp;The company began operations by offering the TracePen, a hardware component used by operator/programmers to perform the desired movement, which is recorded through high-precision sensors to create a 3D robotic visualization on the Wandelbots App. The app, which is installed on an iPad, acts as the user interface that allows the path performed and recorded by the TracePen to create the robotic process to be edited. In 2023, this solution was discontinued in favor of a robot-agnostic software platform that enables users to create their own robotic applications.&nbsp;

Brazilian company Tractian offers predictive maintenance hardware and software solutions for machinery, targeting various industries, including food and agriculture, plastic and packaging, automobile, clinical engineering, and consumer goods. In January 2022, the company expanded to the North American market with a new office and a dedicated business development team in Mexico.Tractian’s hardware comes with two types of sensors: 1) SmartTrac that tracks machine health by measuring high-frequency vibration and temperature signals, and 2) EnergyTrac that measures energy consumption while monitoring faults, which can be embedded in control panels and electrical infrastructure. Tractian has also introduced TracOS, a software solution that enables creation and management of work orders, analyzes data received through sensors to generate machine learning-based diagnostics and recommendations, and inventory management.Key customers and partnershipsTractian reported in May 2022 that it served around 200 customers including Bosch, Embraer, Hyundai, John Deere, AmstedMaxion, and Karcher. The company was targeting 600 customers by the end of 2023.Funding and financialsIn May 2022, Tractian raised <a href="https://sp-edge.com/updates/10487?industryIds=6">USD 15 million </a>in a Series A round to accelerate product development and consolidate its position in the global market, with plans to enter the US later in 2022. It also planned to increase the headcount to 200 by the end of 2023. The company claimed that it increased revenue by 400% YoY in 2021.<a href="https://sp-edge.com/updates/20763">In August 2023 </a>, Tractian secured USD 45 million in a Series B funding round led by venture capital firm General Catalyst and Next47. The funds were planned to be used to enhance AI capabilities, enlarge its R&amp;D team, and venture into new industrial sectors.

Technologies that automate and optimize building operations using data-driven insights.

Smart Building Technology

mCloud Technologies Corp. provides cloud technology solutions that optimize the performance, reliability, and sustainability of energy-intensive assets. The company offers the AssetCare platform, which utilizes cloud-based digital twins, AI, and analytics to enable asset owners and operators in industries like oil and gas, wind, and commercial facilities to enhance asset performance, reliability, and sustainability. AssetCare includes solutions like AssetCare Digital Oilfield, an AI-powered offering that automates production management, continuously optimizes wellsite performance, drives predictive maintenance, and integrates connected worker capabilities to address unplanned downtime and methane emissions.
In June 2022, mCloud commenced onboarding its first AssetCare Digital Oilfield solutions at wellsites in the US, representing an initial wave of customers as the company aimed to connect at least 500 wellsites by the end of that year. The company has a revenue stream from its long-standing, multi-year engagements with high-profile aerospace and defense customers through its wholly-owned subsidiary NGRAIN (Canada) Corporation, acquired in 2018.
In August 2023, mCloud announced a process to potentially separate the company by selling certain assets, legal entities, and global strategic agreements related to its broader industrial and commercial AssetCare business. This asset sale would enable NGRAIN to independently focus on its highly regulated defense business as a standalone public company while utilizing the cash proceeds to pay mCloud's obligations. In September 2023, mCloud decided to delist from Nasdaq as parties interested in acquiring its strategic assets did not require the listing, though operations continued as the company explored strategic alternatives.

75F is a vertically-integrated building intelligence company that offers an IoT-based Building Management System to optimize HVAC and lighting in commercial buildings. Their solution aims to make buildings more energy-efficient, comfortable, and sustainable by enabling predictive and proactive control of indoor environments.
75F's innovative approach involves deploying a suite of smart sensors and controllers that gather high-quality data on factors like temperature, humidity, occupancy, and air quality. This data is then analyzed through cloud-based software to proactively adjust HVAC systems and lighting, eliminating hot or cold spots before they occur. By leveraging IoT and cloud computing, 75F's systems can autonomously manage building needs, reducing energy consumption by up to 50% while enhancing occupant comfort and indoor air quality.
A key differentiator of 75F's technology is its ability to prioritize occupant experience over solely focusing on energy efficiency. Their systems cater to the needs of businesses by creating healthier, more productive, and desirable indoor environments, with energy savings being a consequential benefit. Additionally, 75F's solutions are designed for easy installation and offer a disruptive pricing model, making building automation accessible to a broader market beyond just large, sophisticated facilities.
In March 2023, 75F unveiled a new range of products, including the Chiller Plant Manager for optimizing water-cooled chiller plants, the Occupancy Temperature Node for localized environmental monitoring, and the Helio Node for integrated control of HVAC, indoor air quality, and lighting. These offerings further enhance 75F's capabilities in delivering comprehensive building intelligence and automation.

Verkada is a leading provider of a cloud-based physical security platform designed to protect people and assets. The company offers an integrated suite of solutions comprising video security cameras, door-based access control, environmental sensors, alarms, visitor management, and mailroom management. Verkada's hybrid cloud architecture leverages edge-based processing and cloud computing capabilities to deliver real-time insights and seamless remote access.
Verkada's innovative camera lineup includes a wide range of models suitable for indoor and outdoor deployments, with resolutions ranging from 2MP to 4K and onboard storage capacity of up to 365 days. The cameras feature powerful analytics like people and vehicle detection, enabling users to search and filter footage based on various attributes.
Verkada's Command platform serves as a centralized, user-friendly interface for managing and monitoring all devices across multiple locations. It offers advanced features such as face search, cross-camera tracking, and proactive alerts, empowering organizations to streamline investigations and enhance overall security posture.
As of June 2024, Verkada's platform is trusted by over 24,000 organizations worldwide, including several Fortune 500 companies. The company has continually expanded its product offerings and capabilities, introducing solutions like a multisensor camera, advanced air quality sensors, and a 16-door access controller in November 2022 to meet evolving customer needs.

AI-based solutions for evolving digital threats

Next-gen Cybersecurity

<div>
 
 Noname Security provides an AI/ML-powered API security platform for real-time threat discovery, analysis, and remediation. The platform eliminates API security blind spots and helps detect vulnerabilities that can result in data leaks and tampering, malicious behavior, and authentication issues.
 
 
 Noname Security integrates with existing IT infrastructure and monitors the relationship between managed and unmanaged APIs to provide automated remediation without the need to deploy software agents, sidecars, or network modifications. The company also identifies potential vulnerabilities during the development and testing of API to proactively address issues before production.
 
 
 Since emerging from stealth in December 2020, the company has already partnered with 40 technology, resale, and channel partners as well as hundreds of enterprise customers including MuleSoft, Trace3, Evotek, MS3, and Opus Consulting.
 
 
 During H2 2021, the company tripled its headcount to over 200 employees, globally. Since its inception in 2020, the company recorded a growth in customer base and revenue by more than 400% every quarter. The company also counted 20% of the Fortune 500 companies, including two of the world&rsquo;s five largest pharmaceutical companies, one of the world&rsquo;s three largest retailers, and one of the world&rsquo;s three largest telecoms, as customers. Furthermore, it has revealed plans to enhance its platform with new security features in 2022.
 
 
 In December 2021, the company raised USD 135 million in a Series C funding round co-led by Georgian and Lightspeed, at a valuation of USD 1 billion. The company expected to utilize the funds to expand its go-to-market and R&amp;D teams globally.
 
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Sysdig is an open-source platform that includes Falco, Sysdig OSS, and Prometheus—the open standards for runtime security, cloud and container forensics, and continuous compliance to secure containers, Kubernetes, and public cloud infrastructure (including AWS, Google Cloud, IBM Cloud, and Microsoft Azure). The company’s cloud security policy management and container security software incorporate policy as code using Open Policy Agent (OPA). Sysdig Secure unifies run-time security, Infrastructure as Code (IaC) security, continuous cloud security posture management (CSPM), Cloud Infrastructure Entitlements Management (CIEM), compliance, image scanning, network security, incident response, and forensics across containers, Kubernetes, and cloud. Sysdig Secure DevOps Platform provides security and compliance into the build, run, and respond stages of the container and Kubernetes lifecycle. Sysdig also provides a Secure DevOps platform for AWS, Google Cloud, IBM Cloud, Microsoft Azure, and Red Hat OpenShift.Sysdig announced its intent to acquire the end-to-end cloud-native security platform Apolicy in July 2021 for an undisclosed amount. The acquisition expanded Sysdig’s container security offerings with the integration of Apolicy's IaC security that enforces policy as code, auto-remediation features, and risk-based prioritization to secure cloud and containers during production and pre-deployment.Key customers and partnershipsSysdig caters to a diverse customer base across various industries, including financial services, technology, telecommunications, and more. Notable customers as of February 2024 included Goldman Sachs, Bloomreach, T Mobile, Comcast, IBM, Experian, and SAP. By December 2021, Sysdig had a headcount of 500 and served 700 enterprise customers.Sysdig established strategic partnerships with leading cloud providers and technology companies, focusing on enhancing cloud security, compliance, and monitoring capabilities for its customers.Funding and financialsIn December 2021, the company <a href="https://sp-edge.com/updates/7361">raised</a> USD 350 million in a round led by private equity firm Permira at a valuation of USD 2.5 billion. Sysdig expected to use the funding to expand its geographical footprint in regions such as the Middle East and Asia, with plans to double its global headcount in 2022.The company’s annual contract value (ACV) increased by 2.3x YoY during H2 FY2021, with nearly 24 million downloads and a 300% growth in the adoption rate of Falco. For the eight months ended December 2021, Sysdig recorded an annual recurring revenue (ARR) of over USD 875,000 for its top 50 contracts and doubled its customer base YoY.

Electrifying passenger and commercial travel

EV Economy

<div>
 
 ChargePoint manufactures and operates EV charging stations. The company operates the largest EV charging network in the US, with a market share of around 47% as of 2020. ChargePoint does not participate in revenue generated from charging fees; it sells the charging infrastructure to third-party hosts (parking lots, supermarkets, fuel stations, residential properties, etc.). These hosts are eligible for the entire charging fee revenue or could opt to provide the service for free.&nbsp;&nbsp;
 
 
 The company provides both hardware and software charging solutions. Hardware solutions include Level 1, Level 2, and DC fast-charging stations. Hosts can also subscribe to software solutions that enable them to manage and optimize charging stations. Some SaaS features include being able to set the price for charging, enabling a waitlist for drivers to queue efficiently, integrations with fleet fuel cards, and real-time advanced analytics to monitor the performance and health of a charging station. ChargePoint estimates a 51%&ndash;49% split between hardware and software revenue throughout the useful life of a charging station (around seven years). In 
 <a href="https://sp-edge.com/updates/22908">
 October 2023
 </a>
 , the company reported that it is preparing to provide North American Charging Standard (NACS) connector support for its AC and DC charging solutions in the form of cable conversion kits for its customers. In 
 <a href="https://sp-edge.com/updates/29225">
 April 2024
 </a>
 , ChargePoint partnered with Jumptech to provide an efficient home charger installation experience for fleet ChargePoint customers and reduce the average time from charger order to installation.
 
 
 Key customers and partnerships
 
 
 ChargePoint had deployed 163,000+ charging stations across North America and Europe as of January 2022.&nbsp;
 
 
 In January 2023, the company partnered with Stem in January 2023 to accelerate the deployment of EV-charging and battery storage solutions for highway corridor DC fast charging. In April 2023, ChargePoint partnered with ALD Automotive to create a European EV-charging business and provide access to a charging network of over 485,000 charging ports across Europe using a single app. In 
 <a href="https://sp-edge.com/updates/27234">
 February 2024
 </a>
 , the company partnered with AcBel Polytech to co-design hardware for ChargePoint&rsquo;s portfolio of EV-charging solutions.
 
 
 Funding and financials&nbsp;
 
 
 The company&rsquo;s most recent funding was in 
 <a href="https://sp-edge.com/updates/22909">
 October 2023
 </a>
 , when it raised USD 175 million in new equity funding from institutional investors through its at-the-market (ATM) offering facility. ChargePoint also raised USD 57 million in additional funds through the same facility in Q3 FY2024. The funds raised will support the company to achieve adjusted EBITDA profitability in Q4 FY2024. Prior to this in 
 <a href="https://www.chargepoint.com/about/news/chargepoint-secures-150-million-revolving-credit-facility-jp-morgan-hsbc-citi-and">
 July 2023
 </a>
 , ChargePoint secured a USD 150 million revolving credit facility.
 
 
 The company was listed on the NYSE through a SPAC merger in March 2021, making it the first pure-play EV-charging infrastructure company to go public. The deal generated USD 493 million at a valuation of USD 2.4 billion and the proceeds were to be used to support expansions in North America and Europe.&nbsp;
 
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Sila Nanotechnologies (Sila) has developed a silicon-based anode that replaces graphite in conventional lithium-ion batteries, allowing manufacturers to use the new material without needing to change the battery manufacturing process or equipment. In April 2019, Sila claimed that its technology could improve the energy density of lithium-ion batteries by around 20%.&nbsp;In May 2022, Sila purchased a 600,000+ sq ft facility in Moses Lake, Washington to build a manufacturing facility. Initially, Sila will deliver anode material sufficient to power 10 GWh of battery cells when used as a full graphite replacement or up to 50 GWh of cells when used as a partial replacement. This would be sufficient to produce batteries for up to 100,000–500,000 EVs and 500 million mobile phones annually. Production at the facility is expected to commence in 2H 2024 to reach full production by 1H 2025. The company states that the facility has the potential for further expansion to reach the capacity to power 150 GWh of battery cells when used as a full graphite replacement or 750 GWh as a partial replacement—enough to power 2 million–10 million EVs per year.Key customers and partnershipsSila has yet to commercialize its technology but the company has formed partnerships with automakers such as BMW and Daimler to produce battery material for their next generation of EVs. In December 2023, Sila partnered with Panasonic Energy to provide next-generation nano-composite silicon anode material from the latter’s EV lithium-ion batteries.Funding and financialsIn October 2022, Sila was awarded a <a href="https://sp-edge.com/updates/13899">USD 100 million</a> grant by the US Department of Energy to develop a 600,000+ square foot facility in Moses Lake, Washington, and scale manufacturing of its silicon anode materials. In January 2021, Sila raised USD 590 million in a Series F round, which was to be used to build its new factory.

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

Additive Manufacturing

<div>
 
 Markforged is a seller of 3D printers with material and software solutions for tooling, fixtures, functional prototyping, and high-value end-use production. It targets various industries including aerospace, automotive, consumer packaged goods, electronics manufacturing, medical, and industrial equipment. The company launched an 
 <a href="https://sp-edge.com/updates/22057">
 on-demand parts platform
 </a>
 called Digital Source in September 2023, which facilitates the licensing and 3D printing of manufacturer-certified parts, eliminating the need for physical inventory management for manufacturers.
 
 
 Markforged&rsquo;s line of 3D printers includes a metal printer, a series of industrial composite printers, and a series of desktop composite printers, using metal (a range of metals from stainless steel to copper), plastics, and continuous fiber. The company also offers several software solutions including Eiger, a cloud-based digital repository, and Blacksmith, which connects part design, production, and inspection using AI. It also offers software to scale up AM operations by giving role-based access control to team members. In November 2022, Markforged introduced 
 <a href="https://sp-edge.com/updates/14613">
 new simulation features 
 </a>
 for its software, the Digital Forge, enabling customers to replace tooling and end-use metal parts with optimized 3D-printed advanced composite parts.
 
 
 Markforged uses several patented technologies. For example, for thermoplastic printing, the company uses a combination of fused filament fabrication (FFF) printing and continuous fiber fabrication (CFF) technologies that harness the heat of the nozzle to make a thermoplastic layer; for metal printing, it uses atomic diffusion additive manufacturing (ADAM), which is a specialized form of FFF.
 
 
 In April 2022, Markforged acquired engineering software developer Teton Simulation to expand its AM solutions by integrating technologies. In August 2022, it also 
 <a href="https://sp-edge.com/updates/12725">
 acquired Digital Metal,
 </a>
 a Swedish developer of binder jetting technology, to enable Markforged to produce high-throughput metal additive parts.
 
 
 Key customers and partnerships
 
 
 Markforged claims to own the largest fleet of cloud-based industrial 3D printers (with a 13,000+ connected installed base and 10 million+ parts printed, as of January 2024). Markforged has served the top nine global manufacturing companies and top 10 aerospace companies, including notable clients (disclosed) including RPG industries, Caldwell, and Cashco, Inc. Another notable customer is Phillips Corporation, which became the first customer of Markforged&rsquo;s FX20 industrial composite printer, introduced in November 2021. Markforged also entered into technology partnerships with Siemens and Indian tech company TechNova. It has remote teams in over 70 countries and 100+ channel partners across the US, Canada, Europe, UK, Asia, and Australia.&nbsp;
 
 
 Funding and financials
 
 
 Markforged was listed on the NYSE (MKFG) in July 2021 through a SPAC deal, receiving approximately USD 361 million in gross proceeds. The company had planned to use the new funding to accelerate innovation and expand its customer base.&nbsp;
 
 
 In 2022, Markforged achieved a revenue of USD 
 <a href="https://sp-edge.com/updates/16891?industryIds=71">
 101.0 million,
 </a>
 recording a growth of 10.7% YoY. Revenue growth was driven by strong demand for the FX20 printer which was commercialized in 2022. However, it reported an operating loss of USD 87.1 million in 2022 compared to a loss of USD 61.0 million in 2021 on the back of increased spending on research and marketing activities. Markforged guided revenue in 2023 to reach USD 90 million&ndash;95 million. The company also expects to achieve an operating loss of USD 59 million&ndash;61 million translating to a loss per share of USD 0.26&ndash;0.28 in 2023.
 
 
 In November 2023, Markforged announced that it has undergone a 
 <a href="https://sp-edge.com/updates/23946">
 restructuring
 </a>
 process, along with other cost-cutting measures, citing ongoing economic challenges, projected to result in operating cost savings ranging from USD 9 million to USD 12 million in 2024. The majority of these savings were attributed to a reduction in headcount by around 10%.
 
 
 
</div>

<div>
 
 Seurat Technologies offers a metal additive manufacturing (AM) solution known as &ldquo;Area Printing,&rdquo; focusing on automotive, aerospace, energy, and consumer electronics industries. This technology splits a single laser beam into as many as 2.3 million beams to weld metal powder. Each laser beam picks a spot to weld, making parallel production possible. The company claims its tech increases production rates by 10x relative to incumbent solutions in the market. Seurat does not sell 3D printers and operates through the Area Printing Production (APP) program, which prints qualified parts at the company&rsquo;s localized production centers or partner centers closer to the customer. The first print depot was planned to be established at Seurat Technologies&rsquo; global headquarters in Wilmington, Massachusetts, with plans to establish more. The company aims to reduce the environmental impact of manufacturing by using green energy in its factories.
 
 
 Key customers and partnerships
 
 
 As of October 2023, the company had six letters of intent (LOIs) totaling 4,000 tons of material.&nbsp;
 
 
 In May 2023, Seurat Technologies, partnered with 
 <a href="https://sp-edge.com/updates/18171">
 Siemens Energy
 </a>
 to 3D print 59 tons of metal components for its turbines.
 
 
 Funding and financials
 
 
 In October 2023, Seurat Technologies raised 
 <a href="https://sp-edge.com/updates/23254">
 USD 99 million
 </a>
 in a series C round led by Capricorn Investment Group. The funds were expected to be used to scale up production capabilities and deploy printing factories near customer sites worldwide, reducing emissions from transportation and logistics while reshoring supply chains.
 
</div>

Data Infrastructure & Analytics

VAST Data engages in developing data infrastructure technologies, with a focus on applications in AI. VAST Data offers a range of products for AI and deep learning, including VAST DataStore for scalable unstructured data storage, VAST DataSpace for global cloud data access, VAST DataBase, which combines database, data warehouse, and data lake features, and the upcoming solution, VAST DataEngine, for advanced data computing​​​​​​.The company's approach emphasizes innovation in storage solutions for AI applications with an aim to streamline traditional data management techniques through its technology and services. The company's primary offering, VAST Data Platform, was introduced in 2019, with the first module announced being the VAST DataStore, a scalable unstructured data storage solution, designed to eliminate tiered storage.VAST DataSpace, launched in 2023, offers global data access across various cloud platforms and allows data computation from public, private, or edge cloud platforms, while VAST DataBase combines the features of a traditional database, a data warehouse, and a data lake, offering transactional and analytical performance at large scales. It's built for rapid data capture and quick queries.Key customers and partnershipsAs of September 2024, VAST Data claimed the following notable organizations among its customer base; this included global businesses like Pixar, CoreWeave, Lambda, Zoom, Verizon, NASA, and the US Department of Defense.The company also partnered with certain data infrastructure solution vendors and other technology partners as of November 2023, such as Splunk, Run:AI, Veeam, NVIDIA, and Lenovo, to expand its product’s reach and reliability. Its recent <a href="https://sp-edge.com/updates/26610">partnership</a> with Run:ai to create a comprehensive solution integrating AI functionality, including computing, storage, and data management for large-scale initiatives.

Yellowbrick Data provides a SQL data warehouse platform designed for large-scale data analytics. The platform enables enterprises to run complex queries on live data at petabyte scale through a cloud-native architecture built on Kubernetes. The data warehouse separates compute and storage, with all data stored in cloud object storage like AWS S3, while compute resources are elastically scaled through Kubernetes clusters. Through its architecture, Yellowbrick delivers high-performance query processing by optimizing low-level system components including network interfaces, storage drivers, and memory management. The platform allows customers to deploy the data warehouse in their own cloud accounts across AWS, Azure, and Google Cloud, giving them full control over their data infrastructure. For data security and sovereignty requirements, Yellowbrick also enables on-premises deployment through what it calls a Private Data Cloud model. The platform is compatible with PostgreSQL and features workload management capabilities that allow truly ad-hoc analytics environments while maintaining fair resource allocation for interactive users. As of March 2024, Yellowbrick has integrated Intel's Data Plane Development Kit (DPDK) technology, which enables zero-copy networking and can improve query performance by up to 70% through optimized data exchange between worker nodes.

Smart Homes: Energy & Water Solutions

Sunverge Energy is a provider of an industry-leading distributed energy resource (DER) control, orchestration, and aggregation platform. The company's Virtual Power Plant (VPP) platform utilizes real-time data at the edge of the grid to manage and optimize DERs, Home Energy Management Systems (HEMS), and smart devices. This enables comprehensive demand management while offering and co-optimizing both consumer and grid services.
Sunverge's intelligent home energy management platform supports extended efficiency levels and control strategies for individual thermostats, controllable loads such as water heaters or pool pumps, and electric vehicle chargers. The platform integrates with utility Advanced Distribution Management Systems (ADMS) and Demand Response Management Systems (DRMS) using the OpenADR 2.0 billion protocol to provide reliable and rapid Demand Response using behind-the-meter energy storage and load management resources.
The VPP platform's advanced DER-enabled demand charge reduction algorithm uses aggregated fleet data collected in near real-time to reduce peak demand of groups of sites from multiple locations, allowing them to operate as a virtual nanogrid to minimize net aggregated demand. The Power Flow Limit Enforcement algorithm provides additional protections based on battery cell-level current and inverter temperatures, ensuring optimal system performance in varying environmental and operating conditions.
In February 2022, Sunverge partnered with Commonwealth Edison (ComEd), the largest electric utility in Illinois, to provide a battery energy storage solution for an innovative front-of-the-meter residential project. This project aims to enhance feeder-level system reliability and resiliency, and reduce the duration and frequency of customer outages by locating the energy storage systems in front of the residential meter and integrating tightly with utility distribution SCADA.

Atom Power is a technology company that has revolutionized the circuit breaker industry by developing the world's first commercial UL-listed solid-state digital circuit breaker. This breakthrough innovation, known as the Atom Switch, utilizes semiconductor technology to control the flow of power digitally instead of relying on mechanical switches. Atom Power's digital circuit breakers offer several advantages over traditional mechanical circuit breakers, including intelligent protection, visibility, and control, enhanced reliability and durability, and superior safety and speed.
Atom Power has leveraged its cutting-edge digital circuit breaker technology to create comprehensive electric vehicle (EV) charging solutions. Their EV charging portfolio includes proprietary Atom EV Level two charging systems, DC Fast Chargers (Level 3), switchgear, on-premise and cloud-based monitoring and control systems, intelligent energy management capabilities, and industry-leading cybersecurity standards. Atom Power's EV charging solutions are designed to cater to various sectors, including workplaces, multi-family residences, and fleets such as company vehicles, trucking, and buses.
In November 2022, Atom Power partnered with Geotab, a global leader in IoT and connected transportation, to deliver the industry's first electric vehicle charging infrastructure integration available through Geotab's fleet management platform, MyGeotab. This collaboration enables fleet managers to access complex fleet analytics and industry-leading EV charging infrastructure through a single dashboard, simplifying the transition to electrification and optimizing operational performance.
Atom Power's innovative technology and EV charging solutions aim to create a new standard for an electrified world that is more reliable, scalable, and secure. The company's digital circuit breakers and EV charging infrastructure provide businesses, governments, and organizations with maximum reliability, visibility, protection, and control over their EV charging portfolios.
In April 2024, Atom Power achieved a significant milestone by receiving Federal Risk and Authorization Management Program (FedRAMP) authorization for its Atom Cloud Software Solution, making it one of the few EV charging companies to receive this certification. This authorization enables Atom Power to provide secure and reliable EV charging infrastructure to US government agencies as they work toward transitioning their fleets to zero-emissions vehicles by 2035.

AI, robotics, and IoT to streamline the flow of goods and information

Logistics Tech

<div>
 
 Alaiko, founded in 2020 and exited from stealth in January 2022, is a Germany-based startup that offers warehousing and fulfillment solutions for ecommerce brands, supported by the company&rsquo;s proprietary logistics operating system. Services offered by Alaiko include first-mile handling and warehouse receiving, warehousing, order picking, shipping, and processing of returns. Alaiko uses technologies such as pick-by-light, sort-to-light, and conveyor technologies to support its fulfillment process. The company offers its services on a fulfilment-as-a-service busines model.
 
 
 
 
 Key customers and partnerships
 
 
 As of April 2024, Alaiko had a customer network of 150+ companies including Atrikom Fulfilment, AMELI Zurich, The Female Company, ZO&Eacute; LU, Anio, bumpli,Hey Marly, gitti Conscious Beauty, Paperlike, TITAN, Schoko Winterscheidt GmbH, St&ouml;rtebekker Shaving Accessories, and Luoro GmbH.
 
 
 
 
 Alaiko&rsquo;s platform has integrations with ecommerce solution providers such as Magento, Shopify, Shopify Plus, Shopware, WooCommerce and Xentral. It also offers an integration with Klaviyo, a marketing automation platform to integrate Alaiko&rsquo;s shipping data with Klaviyo&rsquo;s email marketing updates. The company also offers its customers multi-carrier solutions and cross-border solutions in partnership with last-mile delivery operators such as DHL, Hermes, and UPS.
 
 
 &nbsp;
 
 
 Funding and financials
 
 
 In January 2022, Alaiko raised USD 30 million in a series A round led by Next47 to expand its logistic partner network and fulfillment services, develop the company&rsquo;s operating system, and expand its international team.&nbsp;
 
 
 
</div>

Locus Robotics develops autonomous mobile robots (AMR) for warehousing and manufacturing operations. It offers three main AMR solutions: 1) “Locus Origin,” an AMR designed for collaborative, high-volume order fulfillment; 2) “Locus Vector,” designed to handle small to medium payloads; and 3) “Locus Max,” designed for larger payloads. The AMR solutions are backed by “LocusONE,” a warehouse automation platform that uses AI and data science to deploy and manage the AMRs. LocusONE also generates real-time actionable insights to support operational decisions. The AMRs allow integration with warehouse management systems and warehouse control systems. The company also offers warehouse automation solution “LocusEmpower,” which supports a range of fulfillment types including zone-picking, discrete order picking, batch picking, and wave picking. It also offers <a href="https://sp-edge.com/updates/27481">"LocusHub,"</a> an AI/ML-powered cloud-based business intelligence engine grounded with LocusONE for advanced analytics.The company offers its products on a robotics-as-a-service (RaaS) basis. In April 2024, Locus’s AMRs achieved the landmark of completing more than 3 billion unit picks.In September 2021, Locus Robotics acquired AMR provider Waypoint Robotics, which offers AMRs that are industrial-strength with omnidirectional mobility features, enabling Locus Robotics to gain access to new market segments. Key customers and partnershipsAs of May 2023, the company had deployed its technology at 250+ locations in partnership with 100+ brands. Its global customers include Ceva Logistics, Boots, Cardinal Health, <a href="https://sp-edge.com/updates/27443">GEODIS, </a>DHL, DSV, JAS, Ryder, UniPharma, UnitedDrug, Go Retail Group, Bluegrass Supply Chain, FM Logistics, UPS, UPS Healthcare, VF Corporation, <a href="https://sp-edge.com/updates/27275">Booktopia,</a> <a href="https://sp-edge.com/updates/27659">John Lewis &amp; Partners</a> and ​<a href="https://sp-edge.com/updates/33695">​KSP Fulfillment</a>.In <a href="https://sp-edge.com/updates/30676">June 2024</a>, Locus Robotics entered a strategic partnership with Zion Solutions Group to integrate Locus's robotic solutions with Zion's supply chain solutions.Funding and financialsAs of November 2022, the company reported having USD 100 million+ in contracted recurring revenue.In November 2022, Locus Robotics <a href="https://sp-edge.com/updates/14949?industryIds=6">raised USD 117 million </a>in Series F funding co-led by Goldman Sachs Asset Management and G2 Venture Partners, valuing the company at “close to” USD 2 billion. The funds were to be used to facilitate the company’s continued growth and further expand global operations.

Empowering the modern soldier with cutting-edge technology

Military Tech

Skydio is a leading US drone manufacturer and world leader in autonomous flight technology. Founded in 2014 by MIT alumni, the company designs, assembles, and supports its products in the US. Skydio specializes in developing AI-enabled drones with advanced obstacle avoidance capabilities, making them suitable for both consumer and enterprise applications. The company's flagship products include the Skydio 2+ and Skydio X2, which feature 360-degree obstacle avoidance, 4K cameras, and autonomous flight modes. Skydio's drones are known for their ability to navigate complex environments and follow subjects without manual input, setting them apart in the industry.
In August 2023, Skydio announced it would discontinue its consumer drone offerings to focus entirely on enterprise and public sector customers. The company's drones are now used across various industries, including public safety, transportation, energy, construction, and defense. Skydio's technology enables core industries to operate more safely and efficiently by providing sensors wherever needed while keeping people safely on the ground. As of February 2023, Skydio's enterprise customer base exceeded 1,200 organizations, including every branch of the US Department of Defense, over half of all US State Departments of Transportation, and more than 200 public safety agencies.
Key customers and partnerships
Skydio's drones are utilized by a wide range of customers across multiple sectors. The company's technology is employed by every branch of the US Department of Defense, over half of all US State Departments of Transportation, and more than 200 public safety agencies in 47 states. Additionally, Skydio's drones are used by over 60 energy utilities and enterprises in over a dozen other industries. In December 2022, Skydio partnered with the US Agency for International Development to utilize Skydio 2 Plus drones for documenting war crimes in Ukraine. The company has also worked with Dominion Energy, enabling autonomous inspection of over 40 power plants across seven states without human visual oversight. Skydio's partnerships and customer base demonstrate its strong presence in the enterprise and public sector drone market.

Varjo is a Finnish company founded in 2016 that develops advanced virtual reality (VR), augmented reality (AR), and mixed reality (XR) headsets and solutions primarily for enterprise and professional use cases. The company's core technology focuses on delivering human-eye resolution and photorealistic visual quality in VR/XR experiences. Varjo's headsets feature high-resolution displays, wide field of view, eye-tracking capabilities, and advanced optics to provide clarity and visual fidelity surpassing most consumer-grade VR devices.Varjo's latest product line includes the XR-4 series, launched in November 2023, which offers 4K per eye resolution, a 120-degree horizontal field of view, and features like auto-focus cameras for enhanced mixed reality capabilities. The company also previously offered the Varjo Aero, a more consumer-oriented high-end VR headset, though this model was discontinued in January 2024. Varjo's technology is used across various industries including automotive design, aerospace, training and simulation, engineering, and research.In June 2024, Varjo introduced a new service called Teleport, which allows users to create photorealistic 3D captures of real-world environments using just an iPhone. This technology aims to simplify the creation of virtual environments for training, remote assistance, and other enterprise applications. Varjo's products integrate with popular 3D engines and software platforms, including support for Nvidia's Omniverse platform for real-time ray tracing and photorealistic rendering in mixed reality.

Distributed workforces require new solutions for office operations, HR, payment, and more.

Remote Work Infrastructure

15Five provides cloud-based performance management software for businesses to evaluate employee performance and engagement. Key products offered include 1) Performance (performance reviews, ratings and feedback, compensation management and benchmarking, HRIS and productivity integrations), 2) Engage (employee surveys and in-house coaching), 3) Transform (on-demand training for managers) and 4) Dashboard (analytics on engagement, performance and turnover).More recently, the company launched its HR Outcomes Dashboard (June 2023) allowing users to capture and synthesize an organization’s talent data providing insights on improving employee performance and engagement, and reducing regrettable turnover. This was followed by the launch of Spark AI (November 2023), an AI-powered assistant allowing for summarization of team engagement levels, tips on conducting effective one-on-one meetings, and guidance on creating unbiased performance reviews.The platform’s monthly subscription plans range from USD 4-16 per user. Its customer profile is said to be dominated by small and medium-sized enterprises (SMEs).In <a href="https://sp-edge.com/updates/1317">April 2021</a>, it announced the acquisition of employee engagement software provider Emplify for USD 50 million. Emplify provides tools for employee assessments, guidance for executives, and coaching for managers. Additionally, managers can gather employee feedback and people insights by using the tool. The platform’s clients include Figma, DiDi, Yamaha, and SalesLoft. The company claimed that as a result of the acquisition, it is the only platform to support a complete solution encompassing manager enablement, engagement measurement, and performance management. 15Five absorbed the Emplify team, growing its employee base by 30% and with the acquisition.Key customers and partnershipsAs of April 2024, the platform had a customer base of over 3,500 with notable enterprises including HubSpot, Credit Karma and Pendo.Funding and financialsIn December 2022, 15Five received a strategic investment (amount undisclosed) from ServiceNow Ventures, as an addition to the USD 52 million Series C round announced in July 2022. The fresh funds were primarily used to accelerate 15Five’s ongoing product development.

Speeding up sales, cutting costs, and preparing for the future of retail—whether brick-and-mortar or online.

Retail Industry Robots

Based in Canada, Avidbots is a manufacturer of autonomous floor scrubbing robots named “Neo,” targeting retail, manufacturing, warehousing, education, healthcare, and aviation industries. The company operates in five continents with offices in the US, Japan, South Korea, Hong Kong, and Colombia. The company adopts a direct sales method in the North American market and sells through distributors in the UK and APAC.Avidbots’ latest version “Neo 2” is equipped with proprietary software that enables sensor-equipped robots to understand the operating environment and adjust accordingly. The robots also use advanced localization algorithms for better navigation, requiring minimal micromanagement. Through the Avidbots command center, which is linked to the robots, customers can monitor, manage, and track the utilized fleet and obtain detailed reports on operations and productivity. Neo robots, which are offered on a rental or robot-as-a-service basis, can work up to six hours without a recharge, covering an area of up to 42,000 square feet an hour. Using electrostatic spraying technology, the robot can also be used to disinfect high-touch, 3D surfaces.&nbsp;In <a href="https://sp-edge.com/updates/29106">April 2024</a>, Avidbots launched "Kas," a fully autonomous floor scrubber designed to serve diverse sectors including retail, transportation, health care, and education. Kas is powered by Avidbots Autonomy, the company’s proprietary AI software, and has a sensor system that includes 15 sensors.Key customers and partnershipsAs of January 2024, Avidbots had deployed more than 1,000 robots across various industries, including warehousing, education, healthcare, retail, and airports, in over a dozen countries worldwide. In June 2021, Millennium, a facility management company, deployed a fleet of Neo robots at an Australian shopping center.In April 2022, Avidbots partnered with University of Waterloo’s robotics and automation research group,<a href="https://sp-edge.com/updates/9786?industryIds=17"> Waterloo Robohub,</a> to further improve the efficiency of Avidbots’ autonomous floor-cleaning robots. In July 2022, the company partnered with Canadian software company Maplesoft, to create <a href="https://sp-edge.com/updates/11875?industryIds=17">virtual simulation</a> environments for robot testing for commercial uses.Avidbots also has entered distribution partnerships with Innox Robotics (Israel), Ebistrade and Macnica (Japan), Globotix (Singapore), SUNGJU ComTech (South Korea), Macnica Galaxy (Taiwan), Al Yousuf Robotics (UAE), and Beta Solutions (UK).

The innovative cost dynamics of serverless computing allow more customers onto the cloud without breaking the bank.

Serverless Computing

Grafbase is a Swedish data platform that enables developers to serverlessly deploy GraphQL backends. Users can create a local GraphQL endpoint from their own terminals (such as Next.js, Remix and Nuxt), with a complete backend that includes integrated application programming interfaces (APIs) and databases. The company operates across the EU and the US with a team of remote developers. As of October 2022, the company claimed that the platform had been used for “hundreds of projects” such as mobile, e-commerce, and Jamstack backends, since it was launched in August of that same year.&nbsp;Key customers and partnershipsGrafbase partnered with Carahsoft to improve its offerings for the public sector. This partnership aimed to provide a unified data layer that simplifies data management, improves performance, and reduces operational costs for government organizations.

New data privacy regulations have opened up space for a new wave of compliance-focused startups.

Digital Privacy Tools

DataGrail provides a platform for privacy management, specifically designed to comply with regulations such as GDPR, CCPA, etc. The company’s Live Data Map feature integrates with existing applications and automatically carries out data discovery and mapping, enabling organizations to automate data subject rights requests, data protection impact assessments, among other data-related requirements. The platform provides organizations the ability to monitor their privacy program and the ability to deploy a user-facing portal that can be used to manage their consent and email preferences, which are then enforced organization-wide. In March 2024, the company reported it had more than tripled revenue since late 2022.DataGrail’s Risk Monitor leverages intelligent workflows and pre-populated documentation to build risk assessments such as automated Data Protection Impact Assessments (DPIAs), Privacy Impact Assessments (PIAs), or third-party assessments.The company supported integrations with over 2,000 enterprise apps, data platforms, and internal systems with pre-built connectors as of September 2024.Key customers and partnershipsAs of September 2024, DataGrail’s customer base included notable companies such as Bed Bath &amp; Beyond, Fanduel, Okta, and Salesforce.DataGrail partnered with the cloud-based CRM platform HubSpot in July 2021 to offer unified preference management, maintain continuous data discovery, and automate data subject requests (DSRs and DSARs) in compliance with CCPA, CPRA, and GDPR.

Earth-friendly biotech solutions for the textile, packaging and construction industries.

Bio-based Materials

Illinois-based LanzaTech has developed the technology to capture carbon dioxide emissions from industrial applications and ferment them using bacteria to produce ethanol, which can be used in industrial chemicals and biofuel production. As of June 2022, LanzaTech held over 1,115 patents, and was in the early stages of commercialization. LanzaTech was reported to be focusing on two more spin-off technologies: 1) using ethanol to produce ethylene – which is used to make both polyethylene for plastic bottles as well as clothing fibers – and 2) using bacteria used in the fermentation process to produce commercial proteins.In 2018, LanzaTech partnered with Shougang Group (a leading Chinese iron and steel producer) to develop the world’s first commercial facility to convert industrial emissions to ethanol in China. LanzaTech had been exploring several pathways to convert its sustainable ethanol into valuable commercial products, from cleaning products to product packaging to sustainable clothing.Key customers and partnershipsLanzaTech’s sustainable ethanol has been used in Swiss company Mibelle’s cleaning products and <a href="https://sp-edge.com/updates/5670">plastic bottles </a>, L’Oreal’s hair product packaging, Unilever's laundry capsules, Coty’s fragrance products, and <a href="https://sp-edge.com/updates/13265">On and Borealis’s </a>running shoes. LanzaTech had also partnered with the German chemical company BASF to develop n-octanol on a laboratory scale, the carbon transformation startup <a href="https://sp-edge.com/companies/427874">Twelve </a>to develop polypropylene from carbon emissions, Spray Engineering Devices Limited (SED) (a leading Indian engineering company) to convert bagasse to ethanol in India and <a href="https://sp-edge.com/updates/9375">SHV Energy </a>(a Netherlands-based renewable energy solutions provider) to develop renewable propane. For textiles, the company <a href="https://sp-edge.com/updates/4299">partnered </a>with Canadian athletic apparel company lululemon to develop yarn and fabric using recycled carbon emissions. In May 2022, LanzaTech had also <a href="https://sp-edge.com/updates/10751">partnered </a>with Danone (a French multinational food producer) to produce monoethylene-glycol (MEG) directly from captured carbon emissions, for use in PET bottles and fibers. During mid-2023, the company partnered with <a href="https://sp-edge.com/updates/18714">Plastipak Packaging </a>to successfully launch the world's first polyethylene terephthalate (PET) resin, called “PPKNatura” made from captured carbon emissions.Funding and financialsIn March 2022, LanzaTech entered into a <a href="https://sp-edge.com/updates/8985">SPAC deal </a>to list on Nasdaq, at valuation of USD 2.2 billion. The transaction was expected to close in Q3 2022. In December 2021, the company had raised USD 30 million led by <a href="https://sp-edge.com/updates/7279">ArcelorMittal </a>. LanzaTech’s revenue was USD 62.6 million in 2023 and operating loss for the same period amounted to USD 104.4 million. The company has expected its revenue to reach a level between USD 90 million and USD 105 million in 2024, corresponding to negative adjusted EBITDA that is between USD (65) million and USD (55) million.

Using online platforms, autonomy, electric and fuel-cell tech solutions to shape the future of trucking.

Truck Industry Tech

Based in Germany, Sennder offers an AI-powered platform called “SennOS” that connects commercial shippers with small freight carriers across 20+ countries in Europe. The company specializes in the full truckload (FTL) market and has a presence across Europe. Its “sennCONTROL” is a comprehensive 3PL+ control tower solution designed to optimize logistics networks, reduce costs, and enhance visibility. It integrates procurement and operations management, allowing companies to streamline their logistics and include real-time tracking, data analytics, and emissions reporting.As of July 2024, the company had 40,000+ carriers and 250,000+ registered vehicles in the platforms and was managing 50,000+ loads per month.Sennder’s acquisitions include 1) Everoad, a similar platform provider based in France (June 2020); 2) Uber Freight’s European business (September 2020); 3) Cars&amp;Cargo, a Dutch freight forwarder with operations across France and the Benelux countries (May 2021); and 4) European ground transportation assets of logistics company C.H. Robinson (July 2024) to further strengthen its digital logistics services industry position.Key Customers and partnershipsSennder’s customers include shippers such as AB InBev and Beam Suntory.Its product partnerships include 1) a joint venture (JV) with Poste Italiane, a logistics operator in Italy, to improve efficiency and provide full visibility of its trucks (July 2020; <a href="https://sp-edge.com/updates/20063">extended in July 2023);</a> 2) Zeitfracht, a logistics company in Germany, to license SennOS SaaS platform (February 2021); 3) another JV called “JUNA” in partnership with Scania to offer electric truck solutions and freight matching across Europe <a href="https://sp-edge.com/updates/23659">(November 2023);</a> and 4) logistics companies Mercitalia Logistics, FS Italiane Group, and Poste Italiane to offer intermodal transport solutions (March 2024).

Using AI to automate, enhance and optimize marketing activities

Marketing Automation

<div>
 
 Metadata.io is an account-based marketing (ABM) platform specialized for B2B marketing. The firm leverages AI and machine learning and claims to automate 82% of repetitive tasks done by B2B marketers including building target audiences, executing campaign experiments, and monitoring and optimizing campaigns. The firm platform also includes MetaMatch, a patented personal-to-corporate identity graph that provides access to 1.5 billion business profiles segmented by technographics, firmographics, and buyer intent signals. The firm has gone on to earn five patents for its matching technology and claims to increase match rates by 9x on Facebook and 7.5x on Linkedin respectively. 
 
 
 The firm claims that its users experience a positive ROI within 10 months and has a faster payback period compared to its peers. In July 2022, the firm was recognized by G2 as the leader across all five account-based categories including account-based advertising, account-based orchestration, and account-based analytics.  
 
 
 Key customers and partnerships
 
 
 As of March 2022, Metadata had 150+ customers including Zoom, Drift, Pendo, Udacity, and Vonage.
 
 
 Metadata has leveraged partnerships to grow its database of business profiles and expand its capabilities. In line with this, the firm has partnered with a number of data providers including KickFire (a provider of first-party intent data and IP address intelligence), G2 (buyer intent data), and LinkedIn to integrate its data and provide enhanced targeting and analytics capabilities within the Metadata platform. In addition, the firm has a partner program where it has partnered with marketing agencies including Omni Lab, Refine Labs, and PMG as well as technology partners including 
 <a href="https://sp-edge.com/companies/668516">
 Mutiny
 </a>
 , Bombora, and 
 <a href="https://sp-edge.com/companies/721490">
 Qualified
 </a>
 . 
 
 
 Funding and financials
 
 
 In March 2022, Metadata raised USD 40 million in Series B funding led by Next47 and Resolute Ventures. The funding was used to expand its platform capabilities. In August 2021, Metadata raised USD 5 million in convertible notes.
 
 
 The firm also claimed that it experienced a 711% YoY growth from 2021 to 2022 and added 110+ new customers in 2021.
 
 
 
</div>

Clear the air on carbon capture, reuse, and storage

Carbon Capture, Utilization & Storage (CCUS)

LanzaTech has developed the technology to capture carbon dioxide emissions from industrial applications and ferment them using bacteria to produce ethanol, which can be used in industrial chemicals and biofuel production. As of June 2022, LanzaTech held over 1,115 patents, and was in the early stages of commercialization.In 2018, LanzaTech partnered with Shougang Group (a leading Chinese iron and steel producer) to develop the world’s first commercial facility to convert industrial emissions to ethanol in China. LanzaTech has been exploring several pathways to convert its sustainable ethanol into valuable commercial products, from cleaning products to product packaging to sustainable clothing.&nbsp;In June 2020, LanzaTech announced a new venture, LanzaJet, to produce sustainable aviation fuel (SAF) using low carbon intensity ethanol. In <a href="https://sp-edge.com/updates/13690">October 2022 </a>, LanzaTech successfully engineered specialized biocatalysts to directly produce ethylene from CO2 in a continuous process. The company had previously produced ethylene by using ethanol produced from carbon emissions and converting it to ethylene. The company is also using bacteria used in the fermentation process to produce commercial proteins. In&nbsp;<a href="https://sp-edge.com/updates/34752">October 2024</a>, LanzaTech expanded its biorefining platform capabilities to include the production of LanzaTech Nutritional Protein (LNP), a protein made from the soil bacterium cupriavidus necator.Key customers and partnershipsLanzaTech’s sustainable ethanol has been used in Swiss company Mibelle’s cleaning products, L’Oreal’s hair product packaging, Unilever's laundry capsules, Coty’s fragrance products, and On and Borealis’s running shoes. LanzaTech has also partnered with the German chemical company BASF to develop n-octanol at laboratory scale, the carbon transformation startup <a href="https://sp-edge.com/companies/427874">Twelve </a>to develop polypropylene from carbon emissions, Spray Engineering Devices Limited (SED), a leading Indian engineering company, to convert bagasse to ethanol in India and <a href="https://sp-edge.com/updates/9376">SHV Energy </a>, a Netherlands-based renewable energy solutions provider, to develop renewable propane.&nbsp;LanzaTech has partnered with Mitsui &amp; Co (a Japanese conglomerate), Suncor Energy (a Canadian oil and gas producer), and All Nippon Airways (the largest airline in Japan) for its LanzaJet venture. &nbsp;In <a href="https://sp-edge.com/updates/14094">October 2022 </a>, LanzaTech extended its partnership with Suncor to deploy a demonstration facility that converts waste-based feedstock into ethanol and other chemicals. LanzaTech has also signed a memorandum of understanding (MoU) with Vattenfall (a Swedish utility company), Shell, and Scandinavian Airlines System (SAS) to explore the production of synthetic SAF.LanzaJet has partnered with <a href="https://sp-edge.com/companies/455517">Carbon Engineering </a>to investigate the feasibility of a commercial facility in the UK to produce more than 100 million liters of SAF per year. LanzaTech <a href="https://sp-edge.com/updates/9296">partnered </a>with Woodside and ReCarbon to examine the feasibility of building a CCU facility in Perth, Australia. In April 2022, LanzaTech also collaborated with Bridgestone Americas for tire recycling.&nbsp; In May 2022, LanzaTech <a href="https://sp-edge.com/updates/10750">partnered </a>with Danone (a French multinational food producer) to produce monoethylene-glycol (MEG) directly from captured carbon emissions, for use in PET bottles and fibers.In September 2022, LanzaTech together with <a href="https://sp-edge.com/updates/13090">On </a>, a Swiss shoe manufacturer, launched its first shoe made from carbon emissions, called Cloudprime. LanzaTech also partnered with <a href="https://sp-edge.com/updates/13316">Givaudan </a>, a global cosmetics and fragrance company, to develop sustainable fragrance ingredients from renewable carbon.&nbsp;In October 2022, LanzaTech entered into a funding partnership with <a href="https://sp-edge.com/updates/13521">Brookfield Renewable </a>to build new commercial-scale production plants to transform captured carbon into raw material commodities. During the same month, the company partnered with <a href="https://sp-edge.com/updates/14002">Woodside Energy </a>to design, construct, own, maintain, and operate pilot facilities relating to LanzaTech’s proprietary technologies.In July 2023, LanzaTech signed a joint agreement with <a href="https://sp-edge.com/updates/20048">Technip Energies </a>, a French engineering and technology company, to produce ethylene from waste carbon. In October 2023, the company entered into a joint venture with the <a href="https://sp-edge.com/updates/23108">Olayan Financing Company </a>to deploy LanzaTech's carbon recycling technology in hard-to-abate industries in Saudi Arabia and the Middle East. In December 2023, LanzaTech partnered with <a href="https://sp-edge.com/updates/24850">Tadweer </a>, an Abu Dhabi-based waste management entity, to launch a feasibility study for converting municipal and commercial solid waste into sustainable aviation fuel (SAF). In <a href="https://sp-edge.com/updates/30992">June 2024 </a>, LanzaTech and LanzaJet joined forces to launch CiculAir, an innovative solution that converts waste, carbon, and renewable energy into SAF. In <a href="https://sp-edge.com/updates/30992">August 2024 </a>, LanzaTech was awarded a contract by Jakson Green to supply 4G ethanol technology to NTPC Limited, India's largest power generation utility company. During the same month, the company <a href="https://sp-edge.com/updates/32788">partnered </a>with LanzaJet and Wagner Sustainable Fuels, an Australian SAF provider, to equip the latter’s Brisbane SAF refinery with the CirculAir platform for SAF production. In <a href="https://sp-edge.com/updates/33287">September 2024 </a>, LanzaTech signed a master license agreement with SEKISUI CHEMICAL, a Japanese plastics manufacturer, to build commercial-scale waste-to-ethanol facilities across Japan.&nbsp;

Technologies bringing about a new reality

Extended Reality

Varjo is a Finnish developer of mixed reality hardware and software solutions for enterprises, with use cases such as design and engineering, research, medical, and training and simulation. In&nbsp;<a href="https://sp-edge.com/updates/30542">June 2024</a>, the company announced Teleport, a tool capable of converting real-world locations using a smartphone, which can subsequently be spatially explored on a PC VR headset. In&nbsp;<a href="https://sp-edge.com/updates/33478">September 2024</a>, Varjo opened a mixed reality manufacturing facility in Finland to meet the increasing demand for high-resolution XR solutions in defense training and simulation.The company’s latest range of headsets compatible with Unity, Unreal Engine, OpenXR 1.0, and other professional 3D software, including Autodesk VRED and FlightSafety Vital is the XR-4 mixed reality headset series, launched in&nbsp;<a href="https://sp-edge.com/updates/24373">November 2023</a>. The XR-4 Focal Edition (priced at EUR 9,990 or ~USD 10,930) claims to be the first headset that allows gaze-directed autofocus mixed reality pass-through features, which mimic the behavior of the human eye. The standard XR-4 headset is priced at USD 3,990 while the XR-4 Secure Edition (with enhanced safety features for government clients) is priced at EUR 7,990 (~USD 8,740). Notable features available across the series include the use of dual 4K x 4K displays providing a resolution of 51 pixels per degree (PPD), a 120° x 105° field of view (FOV), 20 Mpx cameras with LiDAR resolution, and 3D spatial audio.&nbsp;Older headsets launched include the Varjo Aero (October 2021), and the Varjo XR-3 (December 2020).&nbsp;Key customers and partnerships&nbsp;Notable clients include Boeing, Volvo, Audi, Rivian, and Siemens.As of February 2022, Varjo had a distribution network of more than 35 retailers, including GameStop in North America and others across Europe, Asia Pacific, and the Middle East. It also launched sales and direct shipping to markets, including Singapore, Israel, South Korea, Australia, and New Zealand.&nbsp;In&nbsp;<a href="https://sp-edge.com/updates/33475">September 2024</a> Varjo partnered with Dogfight Boss to deliver a mixed reality F-16 simulator to the Ukrainian Air Force. Previously, in&nbsp;<a href="https://sp-edge.com/updates/31365">July 2024</a>, the company partnered with Dassault Systèmes to allow users of its applications to visualize and iterate on 3D models, using Varjo’s XR-4 headset.Notable recent partnerships in 2023 included the following:&nbsp;- BAE Systems: To develop Project OdySSEy, a unified synthetic environment for future military training, allowing air, land, sea, space, and cyber forces to train together in a virtual setting (<a href="https://sp-edge.com/updates/22027">September 2023</a>)- NVIDIA: To support its Omniverse and Open Universal Scene Description (OpenUSD) interoperability initiatives, providing developers with ray-tracing tools (<a href="https://sp-edge.com/updates/20881">August 2023</a>)- US Department of Defense, US Army: To supply its MR headsets for military training (<a href="https://sp-edge.com/updates/21072">August 2023</a>)

Eliminating financial intermediaries by directly connecting individuals and businesses

P2P Financial Platforms

Pipe is a trading platform and technology company that has created a marketplace for trading recurring revenue streams. The company operates a trading platform that allows businesses with recurring revenue models, such as software-as-a-service (SaaS) companies, to sell their future revenue contracts to institutional investors. This provides businesses with an upfront capital injection that can be used to fund growth initiatives without diluting equity or taking on debt.
Pipe's platform connects businesses to investors like banks, hedge funds, pension funds, and family offices seeking fixed-income assets with recurring payouts. Companies sign contracts with their customers for recurring payments and list those contracts on Pipe's platform. Investors then purchase these contracts, providing the company with immediate funding.
Pipe charges a trading fee of up to 1% on executed trades facilitated through its platform. As of September 2022, over 20,000 companies had linked around USD 7 billion worth of recurring revenue assets to Pipe's platform.
In March 2022, Pipe launched a financing product called "mine now, pay later" specifically targeting bitcoin mining companies with recurring revenue from hosting services. This allowed mining firms to monetize their future revenues for upfront capital to fund operations and growth.

HR Tech

15Five is a strategic performance management platform that drives action and impact, helping businesses and their people thrive. Founded in 2011, the company offers a suite of products designed to improve employee engagement, performance, and retention. 15Five's platform combines coaching and manager training, 360° performance reviews, engagement surveys, goal and OKR tracking, and ongoing manager-employee feedback tools like guided 1-on-1s and check-ins. The software is built using the Positive Product Design method, aligning with the latest positive psychology research to promote intrinsic motivation, individual empowerment, and psychological safety.
At the core of 15Five's offering is its HR Outcomes Dashboard, which serves as a strategic command center for performance management programs. This dashboard provides trending insights, data visualizations, and demographic filters, allowing HR teams to analyze performance, engagement, and retention metrics across various attributes. The platform also features AI-powered assistance through its Manager Copilot, which supports managers in their day-to-day activities.
In June 2024, 15Five unveiled a major platform evolution, introducing new capabilities such as executive dashboards, centralized strategic action planning, and enhanced progress and impact reporting. These updates aim to help HR leaders understand the intersection of employee performance, engagement, and retention data, implement strategic action plans, and track measurable impact.
Key customers and partnerships
15Five caters primarily to small and medium-sized businesses with 100 to 2,500 employees. As of July 2022, the company reported serving over 3,400 customers. Notable clients include tech firms such as Spotify, Credit Karma, HubSpot, and Pendo. In December 2022, 15Five received a strategic investment from ServiceNow, marking ServiceNow Ventures' first investment in the talent technology space. This partnership aims to accelerate 15Five's product development and support its mission of helping organizations thrive through mutually supportive relationships with employees.

Deriving insights from uncommon data streams

Alternative Data

Skylo is a technology company that provides global connectivity solutions. It has developed a proprietary method to efficiently transmit data over geostationary satellites, allowing machines, sensors, and devices to stay connected even in remote areas. Skylo's core offering is the Skylo Hub, a compact satellite terminal that connects nearby sensors and devices to the Skylo Network. The Hub includes geolocation and acceleration sensors and operates as a wireless hotspot, transmitting two-way data via the company's satellite network.
Skylo's technology enables affordable connectivity plans starting at USD one per month. It has partnered with existing satellite providers, leveraging their existing capacity to focus on servicing customers with a simple, cohesive network. The company's platform allows seamless connectivity for remote sensors, mobile messaging, and trackers, ensuring coverage in areas without terrestrial connectivity.
In early 2020, Skylo emerged from stealth mode with USD 116 million in funding, including a USD 103 million Series B round led by SoftBank. As of March 2024, the company has raised a total of USD 153 million in equity funding, including a USD 37 million round in February 2024 led by Intel Capital and Innovation Endeavors. Skylo has also formed partnerships with chipset manufacturers like Qualcomm, Samsung, MediaTek, and Sony, enabling device makers to integrate its connectivity solution.
In November 2023, Skylo announced a global infrastructure agreement with Viasat, a satellite communications leader, to launch the world's first global direct-to-device (D2D) network. This partnership allows mobile network operators, device makers, and chipset manufacturers to take 3GPP Release 17 compliant products to market within Viasat's global network coverage.
Key customers and partnerships
Skylo has also collaborated with satellite operator Inmarsat, which supplies satellite connectivity to power Skylo's Narrow-Band (NB) internet of Things (IoT) network. This partnership allows Skylo to rapidly execute a global rollout, leveraging Inmarsat's extensive coverage and landing rights.
In June 2021, Skylo announced a partnership with Indian Mobile Network Operator (MNO) BSNL to offer its services in India. One of Skylo's solutions is a fleet management application used by wooden fishing boats in the Indian Ocean, enabling them to report fish catch populations, complete ecommerce transactions, and report emergencies remotely.
As of March 2024, Skylo has launched its initial service across the US, Canada, and Europe in partnership with chipmakers Qualcomm, Samsung, MediaTek, and Sony, as well as device OEMs and mobile carriers such as Deutsche Telekom.

AI-based solutions to level the playing field against email threats

Next-gen Email Security

Armorblox is a cybersecurity company that offers a platform to secure enterprise communications over email and other cloud office applications using natural language understanding (NLU) technology. Its core products employ deep learning, machine learning models, and natural language techniques to analyze signals like user identity, behavior, communication content, and context. This allows Armorblox to protect against targeted attacks such as business email compromise (BEC), email account compromise (EAC), phishing, and data exfiltration attempts.
Armorblox emerged from stealth mode in February 2019 after raising USD 16.5 million in Series A funding from investors like General Catalyst and Point72 Ventures. Over 58,000 organizations globally were using Armorblox solutions as of 2022 to prevent sensitive data leaks, financial fraud, and account takeovers facilitated through email.
In May 2023, networking giant Cisco Systems announced its intent to acquire Armorblox to leverage its pioneering approach of using large language models and NLU for cybersecurity use cases beyond just email protection. The acquisition was completed in July 2023, with the Armorblox team joining Cisco's Security Business Group to integrate generative AI capabilities across Cisco's security portfolio for enhanced threat detection, prevention and policy enforcement.

Platforms to make the most of cloud infrastructure

Cloud Optimization Tools

Zesty is an Israeli cloud-native technology company providing automated solutions for cloud cost optimization and resource allocation.Zesty has three solutions, Commitment Manager, Zesty Disk, and Insights, which offer varying approaches for managing and reducing cloud spend.&nbsp;- Commitment Manager is a cost optimization tool for AWS EC2 reserved instances (RI). Its non-intrusive automated process gathers usage performance metrics in real-time and adjusts RI’s according to application requirements delivering cost savings.- Zesty Disk provides an auto-scaling solution for managing block storage. It utilizes a shrink-and-expand technology to adjust storage capacity according to real-time application demand, enabling optimal resource utilization and eliminating excess capacity requirements.&nbsp;- Zesty Insights provides real-time visibility into cloud resource usage and trends to help organizations manage and reduce cloud costs. It offers dynamic, automated scaling and optimization features that continuously adjust cloud resources based on real-time needs.Zesty offers multiple pricing models, including success-based, consumption-based, and flat fees, depending on the product offering.Key customers and partnershipsZesty’s clientele consists primarily of digital technology and cloud-based service providers. Some notable customers are Crypto.com. Siemens, Motorola Solutions, and Armis.

Empowering sustainable food innovation through food engineering tech

Alternative Ingredients

LanzaTech Global, Inc. is a carbon recycling company that transforms waste carbon into sustainable products through its proprietary gas fermentation process.&nbsp;The company primarily focuses on producing ethanol from industrial emissions, particularly carbon monoxide generated from steel production, but expanded to the production of protein in 2024.In&nbsp;<a href="https://sp-edge.com/updates/34746">October 2024</a>, LanzaTech expanded its biorefining platform capabilities to include the production of LanzaTech Nutritional Protein (LNP), a protein made from the soil bacterium cupriavidus necator, as an alternative to plant and animal-based proteins. LNP is produced using a new microbe in the company's gas fermentation process, using CO2 as a feedstock. This protein has a complete amino acid profile, no allergenicity, and uses significantly less land and water resources compared with traditional protein sources.&nbsp;As of August 2023, LanzaTech was also exploring the production of omega-3 fatty acids from acetate and has demonstrated the production of isopropyl alcohol and acetone at a demonstration scale.As of 2024, LanzaTech operates commercial plants in China and has facilities coming online in India, Belgium, and China. The company also has demonstration-scale plants using municipal waste emissions in Japan and has similar plants planned in the Middle East and Italy.Key customers and partnershipsIn the human food sector, LanzaTech collaborated with Mattson, a food and beverage innovation firm, in October 2024, to prototype LNP in various food applications.&nbsp;Additionally, it partnered with the US Navy Research Lab in October 2024 on a joint research project to evaluate the viability of creating nutritional proteins on military platforms, exploring the potential of producing protein from CO2 extracted from seawater.

Sterilize with ease: The future of hygiene technology

Hygiene Tech

Avidbots is a Canadian robotics company that designs, manufactures, and services fully autonomous floor cleaning robots for commercial and industrial facilities. Their flagship product, Neo, is an autonomous floor scrubbing robot that utilizes proprietary AI software called Avidbots Autonomy to navigate and clean various environments without human intervention.
Neo relies on a suite of sensors and machine learning algorithms to map facilities, plan efficient cleaning routes, and avoid obstacles in real-time. It can clean for over three hours on a single charge and is equipped with features like debris diversion, bulk navigation, and advanced obstacle detection to handle challenging environments. The robot's capabilities were recently expanded with the addition of an electrostatic sprayer, allowing it to disinfect high-touch surfaces.
Avidbots' web-based Command Center provides detailed reporting and analytics, enabling remote monitoring and management of Neo's cleaning performance. The company has continuously improved its autonomous driving software and introduced new products like the Neo 2W, designed specifically for warehouses and manufacturing environments.
Avidbots was founded in 2014 by two University of Waterloo graduates and has raised over USD 106 million in funding to date. As of 2022, the company had deployed more than 1,000 robots across various industries, including warehousing, education, healthcare, retail, and airports, in over a dozen countries worldwide.

Using AI to mimic and understand human language

Natural Language Processing Tools

Observe.AI is a conversation intelligence platform for contact centers, founded in 2017. The company's core offering is an AI-powered system that analyzes customer interactions across various channels to enhance agent performance, improve quality assurance, and drive better business outcomes. Observe.AI's platform is built on a proprietary 40-billion-parameter large language model (LLM) specifically trained on contact center data, which the company claims outperforms generic models in accuracy for tasks like call summarization and sentiment analysis.The platform's key features include automated quality assurance (QA), real-time agent guidance, call summarization, and coaching tools. In June 2023, Observe.AI introduced a new Generative AI Suite, which includes capabilities such as Knowledge AI for quick customer query responses, Auto Summary for generating interaction summaries, and Auto Coaching for providing immediate feedback to agents. The company's technology aims to address challenges in the contact center industry, such as improving customer experiences, increasing operational efficiency, and ensuring compliance.Observe.AI's solution integrates with various contact center and business technologies, including Customer Relationship Management (CRM) systems, Business Intelligence (BI) tools, and Human Resource Information Systems (HRIS). The company reported a 150% increase in Annual Recurring Revenue (ARR) in March 2022, though specific financial figures were not disclosed. As of April 2022, Observe.AI had raised a total of USD 213 million in funding, with investors including SoftBank Vision Fund, Zoom, and Menlo Ventures.Key customers and partnershipsObserve.AI serves over 350 enterprise customers across various industries. Notable clients include Accolade, a personalized healthcare company that uses Observe.AI's platform to analyze interactions with its 12 million members and provide real-time feedback to care teams. Other customers include Affordable Care, Concentrix, Cox Automotive, Maxor, Pearson, and Public Storage.In November 2022, Observe.AI announced an integration with Zoom's Contact Center platform, allowing Zoom customers to leverage Observe.AI's conversation intelligence capabilities. This partnership aims to enhance customer experiences, improve agent training, and provide deeper insights into customer interactions for Zoom Contact Center users.

Tools that streamline software development

DevOps Toolchain

Logz.io is a cloud-native observability platform that unifies log, metric, and trace analytics. The company's flagship product, Open 360, provides a comprehensive view of production health and performance by leveraging open source technologies such as OpenSearch, OpenTelemetry, Prometheus, and Jaeger. Logz.io enhances these technologies by making them easier to use, reducing the total cost of ownership of observability, and decreasing mean time to resolution (MTTR). The platform offers log management experiences based on OpenSearch Dashboards as well as Explore, a fully-managed service built on OpenSearch. Logz.io's solution enables seamless scalability and minimal manual maintenance, making it suitable for organizations of all sizes.
In December 2023, Logz.io introduced App 360, a new application performance monitoring tool designed to simplify troubleshooting for containerized workloads. App 360 provides prepackaged dashboards that don't require extensive manual configuration, tracking performance metrics such as user request processing rates, latency, and processing failure frequency. The tool uses an OpenTelemetry-based agent for data collection, which can be set up in minutes, and automatically associates metrics, traces, and logs with the application components that produced them.
Key customers and partnerships
Logz.io's customer base includes notable organizations such as Siemens AG and Dish Network Corp. The company's solutions are used by thousands of organizations worldwide, helping them monitor, troubleshoot, and secure mission-critical applications using a unified platform. Logz.io's observability tools are designed to support various industries and use cases, enabling businesses to gain insights from their log data and improve their overall operational efficiency.

Next-gen Displays

Varjo is a Finnish company specializing in advanced virtual reality (VR), augmented reality (AR), and mixed reality (XR) technologies for professional and enterprise use. Founded in 2016, Varjo develops high-resolution VR/XR headsets and software solutions that aim to merge virtual and real worlds with human-eye resolution. The company's flagship product, the XR-4 headset, launched in November 2023, features 4K displays, a 50% wider field of view compared to previous models, and two 20-megapixel cameras for mixed reality capabilities. Varjo's technology enables professionals in industries such as automotive, aerospace, and engineering to work in immersive 3D environments with unprecedented visual clarity.
Varjo's business model focuses on providing enterprise-grade VR/XR solutions for industrial applications rather than consumer markets. The company offers its headsets through direct sales and a network of over 40 international distributors. In 2022, Varjo reported net sales of EUR 22.7 million, more than doubling its revenue from the previous year. The company has also introduced innovative services like Teleport, which allows users to create and share photorealistic virtual recreations of real-world locations using an iPhone.
In June 2022, Varjo launched its Reality Cloud service, enabling cloud-based streaming of XR content for improved collaboration among remote users. The company has made several technological advancements, including the development of eye-tracking technology and human-eye resolution displays. Varjo's products support popular third-party VR/XR software and come with enterprise-grade customer support.
Key customers and partnerships
Varjo's customer base includes leading companies across various industries. In the automotive sector, 15 of the world's 20 largest manufacturers use Varjo's technology, including Volvo Cars, Audi, and Kia. The aerospace industry is another key market for Varjo, with Boeing utilizing its products for simulation and pilot training, including the Starliner program with NASA.
Approximately 25% of Fortune 100 companies in the US were using Varjo's VR/XR technology. The company has also secured the US Armed Forces as a customer for training helicopter pilots. In the aviation industry, Varjo partnered with both Airbus and Boeing, and in 2021, the European Union Aviation Safety Agency registered its first official virtual reality-based aviation training using Varjo's headsets.

Technologies and processes that revolutionize the traditional construction industry

Construction Tech

Built Robotics is a San Francisco-based company that develops autonomous construction machinery, primarily focusing on the solar energy sector. The company's flagship product is the Exosystem, an aftermarket upgrade that transforms manually-operated excavators into autonomous robots. Built Robotics' technology has been used to install over two GW of solar capacity across the US since 2018, enough to power more than 400,000 homes. In March 2023, the company unveiled the RPD 35 (Robotic Pile Driver 35), a fully autonomous solar piling system designed to accelerate the construction of utility-scale solar farms. The RPD 35 combines surveying, pile distribution, pile driving, and inspection into one integrated process, allowing a two-person crew to install over 300 piles per day, which is up to five times faster than traditional methods. This system utilizes Built's construction AI software, a custom pile cartridge system, and advanced sensors like RTK GPS to achieve high accuracy and efficiency. In addition to the RPD 35, Built Robotics offers autonomous trenching solutions for solar projects. The company's focus on automation aims to address labor shortages in the construction industry while improving worker safety and efficiency.

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

Digital Twin

Seeq is a provider of data analytics enabling insights, predictions, and collaboration for better production and business outcomes.The company’s product portfolio includes software for data analytics including 1) Seeq Workbench for advanced analytics, 2) Seeq Organizer for publishing reports and dashboards, 3) Seeq Data Lab for accessing Python libraries, and 4) Seeq Cortex for IT governance, data connectivity, and calculation features. Furthermore, the company provides deployment via cloud, SaaS solutions, and on premise depending on the customer’s system.Key customers and partnershipsThe company provides its services in more than 40 countries focusing on process manufacturing industries, including oil and gas, pharmaceutical, chemical, energy, mining, and food and beverage. In June 2024, Seeq partnered with Equinor, an international energy company, to leverage Seeq's platform across Equinor's global assets.Seeq’s software is built on long-term vendor partnerships such as SIsoft, Honeywell (since 2017), and Siemens (since 2017). Seeq has also partnered with Amazon Web Services (AWS) and Microsoft Azure to develop features specific to their offerings, recognizing Seeq's expertise in providing cloud solutions for the manufacturing and industrial sector. Other partners include Schneider Electric and Inductive Automation.

Taking commercial activities to new heights

Commercial Drone Tech

Skydio is an American drone manufacturer renowned for its advanced autonomous flight technology. Their drones leverage cutting-edge artificial intelligence (AI) and computer vision to navigate environments seamlessly, avoiding obstacles and tracking subjects without requiring expert pilot control. Skydio's flagship products include the Skydio 2, a consumer drone designed for aerial photography and videography, and the Skydio X2 series, engineered for enterprise, public safety, and defense applications.
Skydio's autonomy engine enables their drones to perceive their surroundings in real-time, allowing them to fly independently while capturing high-quality footage. The drones boast impressive features such as obstacle avoidance, subject tracking, and extended flight times, making them versatile tools for various industries. In addition to their autonomous capabilities, Skydio drones are equipped with powerful cameras, including thermal imaging sensors for night operations.
The company has experienced rapid growth in recent years, with its customer base expanding to over 1,200 organizations across the US, including every branch of the Department of Defense, state transportation departments, public safety agencies, and energy utilities. Skydio's drones have also been employed in critical missions, such as documenting war crimes in Ukraine and aiding first responders during natural disasters like Hurricane Ian.
In February 2023, Skydio raised USD 230 million in a Series E funding round, valuing the company at over USD 2.2 billion. This investment allowed Skydio to increase its manufacturing capacity tenfold, with a new 36,000-square-foot facility in Hayward, California. The company plans to add over 150 manufacturing jobs to meet the growing demand for its products.
Key customers and partnerships
Skydio has established valuable partnerships and secured numerous high-profile customers across various sectors. The company's drones are trusted by government agencies, including every branch of the US Department of Defense and over 200 public safety agencies in 47 states. Skydio has also secured contracts with the US Army, such as the USD 20.2 million base year contract to supply autonomous drones.
In the private sector, Skydio's drones are utilized by over 60 energy utilities and various construction and transportation companies. The company has partnered with technology leaders like Axon, a prominent public safety solutions provider, to integrate their products and deepen the adoption of autonomous drones in law enforcement.
Furthermore, Skydio has collaborated with organizations such as the US Agency for International Development, providing its drones to document war crimes in Ukraine.

Educational technology plays a pivotal role in driving and enabling the revolution in post-secondary learning

Higher EdTech

Yellowbrick is a company focused on providing educational experiences in creative industries. Founded with the mission to inspire the next generation of talent, Yellowbrick collaborates with leading universities, brands, and industry experts to create learning programs in fields such as fashion, sports, beauty, music, and media. The company offers courses in areas including film, animation, visual effects (VFX), and music, designed to develop essential skills for careers in the entertainment and creative industries. Yellowbrick's educational model combines accessible online programs with real-world insights from top-ranked creative universities and industry professionals. The company utilizes technology to offer personalized learning experiences and professional mentor-led programs such as Animation Mentor. In April 2024, Yellowbrick was named the top EdTech company in North America by TIME and Statista, ranking sixth globally among 250 recognized companies. The evaluation was based on criteria of innovation, impact, and leadership in the education sector.
Key customers and partnerships
Yellowbrick has established partnerships with several prominent institutions and brands to develop its educational content. These include NYU Tisch, Parsons, Billboard, and Rolling Stone. The company collaborates with leading professionals from Hollywood studios and major creative companies to ensure real-world relevance and expert guidance in its courses. Yellowbrick has also worked with global Systems Integrators and partners such as Accenture, KPMG, and PwC on projects to help joint customers comply with standards like IFRS. Yellowbrick reported having tens of thousands of users worldwide, with customers and users in various countries including the US, Pakistan, Macau, the UK, Iceland, India, Thailand, Mexico, mainland China, Korea, and Japan. The company has been expanding its presence in Southeast Asia and the Middle East, working with regional partners like Apptech in Latin America, NI+C in Japan, Zelesia in Korea, HKBN JOS in Macau, and Bairui in China.

Empowering efficiency, visibility and collaboration throughout supply networks

Supply Chain Tech

<div>
 
 Based in Dallas, Texas, Turvo is a leading provider of supply chain management, collaboration, and visibility software. The company's flagship product is its collaborative Transportation Management System (TMS) application, known as Turvo Collaboration Cloud. This innovative platform connects freight brokers, third-party logistics providers (3PLs), shippers, and carriers, unifying supply chain ecosystems to deliver exceptional customer experiences and real-time collaboration. The platform integrates various internal and external systems, streamlines operations, enhances analytics, and automates business processes while eliminating redundant manual tasks. 
 
 
 
 
 Turvo was acquired by Lineage Logistics on June 1, 2022, but continued to operate independently under its own brand and leadership​​​​.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 Turvo's customer base includes some of the world's largest logistics service providers and shippers, as well as small to medium-sized freight brokers. This includes companies such as Veritas Logistics, RPM, ACE Forwarding, Genpro, Vine Line, and Taimen Transport.
 
 
 
 
 In January 2024, the company partnered with Oko, a company that simplifies supply chain management with data automation, to integrate its products and services, allowing 3PLs and brokers to develop orders and shipments automatically, thus eliminating the need for manual data entry. Companies that are not connected via electronic data interchange (EDI) are also able to leverage this solution to create automated orders and shipments. In the same month, Turvo partnered with MileMaker, a software provider for commercial transportation mileage, rating, and routing. The partnership focused on integrating MileMaker's Web Services API product into Turvo's platform to enhance mileage calculations and rating capabilities for Turvo's customers.
 
 
 
 
 Funding and financials
 
 
 
 
 In November 2018, Turvo raised USD 60 million in a Series B funding round led by Mubadala Ventures, the San Francisco-based venture capital arm of Mubadala Investment Company. Additional investors in this round included G2VP, Next47, Activant Capital, Felicis Ventures, Future Shape, and Upside Partnership. The proceeds were intended to to be channeled to product development initiatives.
 
</div>

The toolkit to build machine learning applications at scale

Machine Learning Infrastructure

Encord is a platform for data-centric computer vision, offering tools to help machine learning engineers and data scientists improve training data quality and boost model performance. Founded in 2020, Encord provides solutions for annotating, managing, and evaluating training data for computer vision applications. The company's flagship product is Encord Active, an open-source toolkit that enables users to understand and enhance their training data quality, helping to bridge the gap between proof-of-concept models and those capable of performing reliably in real-world scenarios.Encord Active utilizes a quality metrics approach, which involves the automatic calculation of characteristics of images, labels, model predictions, and metadata. This allows machine learning teams to find unknown failure modes in datasets, inspect data balance, identify outliers, and create actionable end-to-end active learning workflows. The platform aims to address the "production gap" that often hinders the widespread adoption of AI in critical applications such as self-driving cars and diagnostic medical models.In addition to Encord Active, the company offers Encord Annotate, a collaborative data labeling platform designed to streamline the annotation process for various data types, including medical imaging. Encord's solutions have been employed by leading healthcare institutions to improve efficiency in tasks such as annotating pre-cancerous polyp videos and processing medical images.Key customers and partnershipsEncord has established partnerships with several prominent healthcare institutions. King's College London utilized Encord's platform to annotate pre-cancerous polyp videos, resulting in a 6.4x increase in efficiency and automating 97% of labels. This improvement made the most expensive clinicians 16 times more efficient at labeling medical images. Additionally, Encord has worked with Memorial Sloan Kettering Cancer Center and Stanford Medical Centre, where their solutions reduced experiment duration by 80% and enabled the processing of three times more images.

Harnessing tech to provide exceptional customer experiences

Customer Service Platforms

Observe.AI is a conversation intelligence platform for contact centers, founded in 2017. The company's core offering is an AI-powered system that analyzes customer interactions across various channels to enhance agent performance, improve quality assurance, and drive better business outcomes. Observe.AI's platform is built on a proprietary 40-billion-parameter large language model (LLM) specifically trained on contact center data, which the company claims outperforms generic models in accuracy for tasks like call summarization and sentiment analysis.The platform's key features include automated quality assurance (QA), real-time agent guidance, call summarization, and coaching tools. In June 2023, Observe.AI introduced a new Generative AI Suite, which includes capabilities such as Knowledge AI for quick customer query responses, Auto Summary for generating interaction summaries, and Auto Coaching for providing immediate feedback to agents. The company's technology aims to address challenges in the contact center industry, such as improving customer experiences, increasing operational efficiency, and ensuring compliance.Observe.AI's solution integrates with various contact center and business technologies, including Customer Relationship Management (CRM) systems, Business Intelligence (BI) tools, and Human Resource Information Systems (HRIS). The company reported a 150% increase in Annual Recurring Revenue (ARR) in March 2022, though specific financial figures were not disclosed. As of April 2022, Observe.AI had raised a total of USD 213 million in funding, with investors including SoftBank Vision Fund, Zoom, and Menlo Ventures.Key customers and partnershipsObserve.AI serves over 350 enterprise customers across various industries. Notable clients include Accolade, a personalized healthcare company that uses Observe.AI's platform to analyze interactions with its 12 million members and provide real-time feedback to care teams. Other customers include Affordable Care, Concentrix, Cox Automotive, Maxor, Pearson, and Public Storage.In November 2022, Observe.AI announced an integration with Zoom's Contact Center platform, allowing Zoom customers to leverage Observe.AI's conversation intelligence capabilities. This partnership aims to enhance customer experiences, improve agent training, and provide deeper insights into customer interactions for Zoom Contact Center users.&nbsp;

Threat Prevention Toolchain

Radiant Security offers an AI-powered security copilot for Security Operations Centers (SOCs). The company's platform is designed to address the challenges faced by SOCs, which often employ numerous tools that generate excessive alerts, making it difficult for analysts to keep up. Radiant Security's solution aims to enhance analyst productivity, detect more real attacks, and reduce incident response times significantly. The AI-powered copilot automates laborious tasks such as alert triage and incident investigation, delivering decision-ready results. The platform can be deployed quickly via an API, providing immediate value by reducing analyst workloads by up to 95%. In a case study, pharmaceutical company Kyowa Kirin implemented Radiant Security's solution, which identified and escalated a real threat within two hours of installation, allowing analysts to swiftly contain and resolve the issue.
Key customers and partnerships
Radiant Security has established partnerships with notable companies in the pharmaceutical and financial sectors. Kyowa Kirin, a global specialty pharmaceutical and biotech leader, implemented Radiant's solution for its North American operations to enhance SOC analyst productivity. RFA, a Managed Service Provider specializing in IT, cloud, and cybersecurity services for the financial sector, integrated Radiant's AI-powered SOC copilot into its internal SOC. This partnership aims to provide improved security outcomes in terms of capacity, speed, and accuracy for RFA's clients.

Tractian provides asset management and monitoring solutions. It offers tools for data collection and analysis to track asset performance and condition. The system integrates with sensors and devices for predictive maintenance. Tractian serves sectors including manufacturing, logistics, and energy.

Harmonic Security helps companies adopt Generative AI without risking the security and privacy of their data. Harmonic Security gives security teams the tools to protect sensitive data without the headaches of labeling and complex rules. Our pre-trained data protection models enable secure innovation through user interaction and gentle nudges. Recognized as an RSA Innovation Sandbox finalist in 2024, Harmonic Security redefines data protection for the GenAI era.

Encord provides a unified data development platform for vision and multimodal AI. Encord is the leading data development platform for advanced vision & multimodal AI teams. The company builds tools and infrastructure to help its clients get their models into production faster with a data-centric model testing and evaluation framework, human-centric workflow and annotation tools for labeling & RLHF, and data curation and management software.

Skylo Technologies is a global NTN service provider based in Mountain View, CA, offering a service that allows smartphone and IoT cellular devices to connect directly over existing satellites. Devices connected over satellite are managed and served by Skylo's commercial NTN vRAN, featuring a 3GPP standards-based cloud-native base station and core. Skylo works with existing satellite operators, network operators, and device makers to provide subscribers an anywhere, anytime connectivity solution that seamlessly roams between terrestrial and satellite networks.

Radiant Security is an autonomous MDR that automates security operations using machine learning and AI to triage and investigate incidents with a consistency, accuracy, and scale only achievable via software. Deployed in minutes via API, Radiant Security provides rapid time to value and immediately reduces analyst workloads by as much as 95%. The solution uses a knowledge graph that continually learns about an organization's security and IT environment, then employs an autonomous decision-making engine to emulate the processes used by a seasoned security analyst. This software-based approach to security operations radically reduces the time and cost of performing security operations, thus freeing up resources for other initiatives.

Pando provides an open-market freight management platform that digitizes logistics operations. Its vision is to ease and enable commerce through digital deliveries. Pando aims to increase efficiencies in the delivery ecosystem of traditional enterprises through the introduction of advanced connectivity and data sharing between devices, information systems, services, and stakeholders by building a network of digital delivery stakeholders on a single platform interface that allows users and companies to digitize information, transactions, communication, and documentation across the board. Pando was founded in 2015 and is based in Chennai.

Skydio is a drone manufacturer that uses artificial intelligence to create flying drones that are used by consumers, enterprises, and government customers. It develops AI-powered drones to deliver the power and flying cameras without the complexity. The company's drones use an array of cameras and proprietary computer vision technology to recognize, avoid objects in real-time, and predict into the future to make intelligent decisions, enabling users by flying themselves through the most demanding tasks or keeping them safe from obstacles when they want to take control. The company's debut drone, the R1, could track a target and film them while avoiding obstacles without any human intervention required. Then the company released the Skydio 2 in 2019, its second drone, cutting off more than half the price while improving it its autonomous tracking and video capabilities. Its flagship product, the X2, is equipped with seven cameras, 100x zoom, night vision, and promises to turn ordinary users into expert pilots thanks to its self-piloting abilities. It is backed by top investors and strategic partners including Andreessen Horowitz, Linse Capital, Next47, IVP, Playground, NVIDIA, and UP.Partners.

Vitally is a customer engagement platform for B2B SaaS companies to drive a world-class customer experience and eliminate churn. Vitally's easy-to-use platform integrates all customer data and provides a 360-degree view into the metrics that matter most to you, allowing clients to set up health scores and notifications, and create automation playbooks. Vitally.io is a modern customer success platform that teams actually use.

Locus Robotics manufactures autonomous, mobile robots to support e-commerce for retailers and warehouse logistics providers. Its technology works collaboratively alongside workers to dramatically improve order productivity and increase fulfillment speed and throughput 2X-3X with near-perfect order accuracy, to ensure that consumers receive their orders as quickly and accurately as possible. It was founded in 2014 and headquartered in Wilmington, Massachusetts.

Grafbase is a developer platform that provides tools for accelerating backend software development. Grafbase was founded in 2021 and is located at San Francisco, California.

At DataGrail, we believe in a world where people are in control of their privacy and identity. The world's most trusted brands like Salesforce, Overstock.com, Restoration Hardware, NETGEAR, and MyFitnessPal use DataGrail.  DataGrail is a Gartner Cool Vendor and has 4.8/5 stars on G2.

Avidbots vision is to bring robots to everyday life to expand human potential. Avidbots first product is NEO - the world's smartest autonomous scrubbing robot. NEO is trusted by some of the best managed airports, retail malls, hospitals, colleges, industrial sites, museums, warehouses, etc in 7 countries and counting.

Verkada is a cloud-based B2B physical security platform company. Verkada offers six product lines — video security cameras, access control, environmental sensors, alarms, workplace software, and intercoms — integrated with a single cloud-based software platform. Designed with simplicity and scalability in mind, Verkada gives organizations real-time insight into what could impact the safety and comfort of people throughout their physical environment, while empowering them to take immediate action to minimize security risks, workplace frustrations, and costly inefficiencies. Founded in 2016 with a valuation to $4.5B to date, Verkada has expanded rapidly with 15 offices across three continents, 2,100+ full-time employees, and 28,000+ customers across 85+ countries, including 87 companies in the Fortune 500.

Zesty helps organizations to be more adaptable to changing business needs by making their cloud infrastructure more dynamic. With offerings for compute, block storage, and Kubernetes, Zesty automatically scales resources to meet application demands in real-time. This helps DevOps teams to slash cloud costs, maintain perfect app performance, minimize the hassle of managing infra, and fully realize the true flexibility of the cloud.

TigerEye steers near and long-term go-to-market decisions. A living model of how your business actually works helps you know where to invest, who to promote, when to change course.

15Five is the strategic performance management platform that drives action and impact, helping businesses and their people thrive. HR leaders are empowered with data-driven insights and guided recommendations, while people managers are transformed into changemakers, all within the flow of work, accelerating employee engagement, performance, and retention. 15Five combines the power of generative AI, custom analytics and human-centered principles in a complete platform including 360° performance reviews, actionable engagement surveys, robust goal & OKR tracking, customizable manager coaching and training, and ongoing manager-employee feedback tools like guided 1-on-1s and check-ins.  HR leaders, managers, and employees at over 3,500 companies rely on 15Five daily, including Credit Karma, HubSpot and Pendo. Learn more at www.15Five.com.

BuildOps enables subcontractors to run their entire business on one software solution that manages their invoicing & billing, scheduling, estimates, proposals, payments, workflows, custom forms, financial reporting, and more. Our industry leading cloud-based solution allows you to improve your operations and efficiency, driving profitability through best-in-class technology. BuildOps has been uniquely designed and built by a team of subcontractors & world-class engineers. www.buildops.com

Observe.AI boosts contact center performance with live conversation intelligence. Built on the most accurate AI engine in the industry, Observe.AI uncovers insights from 100% of customer interactions and maximizes frontline team performance through coaching and end-to-end workflow automation. With Observe.AI, companies can act faster with real-time insights and guidance to improve performance, from more sales to higher retention. Leading companies like Bill.com, Public Storage, and Accolade partner with Observe.AI to accelerate outcomes from the frontline to the rest of the business.

Metadata integrates with their marketing automation platform, Salesforce, and other tools in their stack. It eliminates manual and repetitive work for B2B marketers so they can focus on strategy and creativity. Founded in 2015, the company is based in San Jose, California, United States.

Wandelbots is a robotic software company based in Dresden, Germany.  With its no-code solution Wandelbots Teaching and the unified Wandelbots Developer Platform, the company enables the programming free and uniform operation of robots. Through Wandelbots Teaching, working with different types of robots from a large scale of brands becomes effortless, and everyone can teach robots after a brief training. In this way, Wandelbots provides that robot programming is no longer the preserve of experts and carries out the automation process up to 20 times faster and ten times more cost effectively.  This advanced technology has been implemented in robots from Universal Robots and Yaskawa and in the manufacturing operations of, among others, VW, Bayer, and Fraunhofer. The fast-growing company continues building new partnerships with OT system integrators in Germany, Europe, and the USA. Among others, the German Start-up Award and the Sachsen Gründerpreis have been awarded to Wandelbots, which has grown from a start-up to an internationally recognized company with over 170 employees in a brief time.  Since its foundation in 2017, the company has raised a total of $123 million in funding from investors such as Insight Partners, Microsoft, and Next47 for further investments in products and platforms. Moreover, the company keeps expanding into new markets.

Alaiko is Europe's leading logistics operating system that enables e-commerce SMEs by providing them with access to a wide range of fulfillment services out of one hand. In order to achieve that, we connect all relevant stakeholders being e-commerce shops themselves, ERP-systems, fulfillers & shipping providers on one logistic-as-a-service platform.

In the cloud, every second counts. Attacks move at warp speed, and security teams must protect the business without slowing it down. Sysdig stops cloud attacks in real time, instantly detecting changes in risk with runtime insights, a unique AI architecture, and open source Falco. Sysdig delivers live visibility by correlating signals across cloud workloads, identities, and services to uncover hidden attack paths. By knowing what is running, teams can prioritize the vulnerabilities, misconfigurations, permissions, and threats that matter most. From prevention to defense, Sysdig helps enterprises move faster and focus on what matters: innovation. Sysdig. Secure Every Second.

Noname Security is a security platform that allows enterprises to see and secure managed and unmanaged APIs. With Noname Security, users can protect their APIs from data leakage, authorization issues, abuse, misuse, and data corruption with no agents and no network modifications. The company was founded in 2020 and is headquartered in Palo Alto, California.

Software is transforming the world. Our mission is to transform software development. We quantify the craft by collecting data across the stack to help developers and teams learn from their data, increase productivity, and code smarter.

A global network of move-in-ready apartments for a month, a year, or longer.

Blink is the digital backbone of companies who run the real world and don’t sit behind a computer.  It’s for the millions of essential nurses, bus drivers, construction workers or supply chain operators that run the economy. In just a year, Blink has already been adopted by more than 60,000 people across over 100 companies in the UK, US and Australia who open the Blink app more than 15 times per day. 70% of the workforce today are frontline workers. But they have been underinvested in for far too long. Too often they suffer from low morale because they feel unappreciated at work. It's time for change. In our customers so far, we have reduced staff turnover by 26%, doubled employee satisfaction and delivered an ROI in under 3 months. Most importantly, 100% of frontline workers would recommend Blink to a colleague.  We empower, we protect and we equip frontline workers with an all-in-one app that digitises the frontline and put everything your people need at their fingertips. Come join us on our mission.

Yellowbrick Data was founded in 2014 by experts in database and flash memory technologies to simplify data warehousing. They wanted to solve the challenges of high availability, running complex mixed workloads, support for ad-hoc SQL, computing correct answers on any schema, massive scalability and supporting large numbers of concurrent users. Yellowbrick Data empowers companies to make faster decisions with all of their data. Built for enterprises and the hybrid cloud, the Yellowbrick Data Warehouse deploys powerful analytics anywhere, with best-in-class economics.

Brilliant Home Technology is a home automation company.

Apollo GraphQL helps developers help the world by providing a better API platform across teams. Apollo’s open-source software is downloaded 25M times per month and its commercial GraphQL technologies power the most innovative brands today. Teams at Netflix, Snap, and the New York Times ship personalized, omnichannel experiences faster with a supergraph – a self-service GraphQL platform that spans any number of backend services. Serving over 5T requests in 2023, the Apollo GraphOS platform simplifies API development with workflows and infrastructure to build, test, and ship supergraphs at any scale. Based in San Francisco, Apollo is backed by Insight Partners, Andreessen Horowitz, Matrix Partners, and Trinity Ventures. Learn more at: https://www.apollographql.com.

Aforza is a smart thinking startup focused on transforming the Consumer Goods industry by providing businesses and consumers with digital applications that redefine usability and value.  It helps consumer goods companies sell more and grow faster through a suite of cloud and mobile apps built for the industry. Aforza connects trade planning and field sales teams together to solve the problems of unprofitable promotions, declining market share, and lack of revenue growth. The Aforza product works out of the box and can be implemented in weeks. The mobile applications work offline and deliver powerful on-device intelligence across Apple iOS and Android devices. Aforza is built on the Salesforce and Google Cloud Platforms which means they can scale fast and deliver continuous innovation with 3 releases a year.

75F is a building intelligence company making smart building automation affordable and easy to deploy. 75F leverages IoT, Cloud Computing, and Machine Learning for data-driven, proactive building intelligence and controls for HVAC, lighting, and energy optimization.  75F's mission is to improve occupant productivity through enhanced comfort and indoor air quality – while saving energy and the environment.  75F is currently headquartered in Burnsville, Minnesota.

Bringg is the delivery management platform market leader, serving over 800 customers globally. We manage and unify the last mile delivery operations, providing access to large delivery networks and supporting multiple delivery and return models, while reducing cost and turning delivery into growth drivers.  Our open SaaS delivery management platform and robust delivery network of  over 250 delivery providers, enable enterprises to offer their customers any delivery option, whether using internal drivers or external delivery providers, including 3PL, parcel carriers, crowdsourced fleets or independent gig drivers. We serve market leading brands such as, Raymour & Flanigan, H&M, Imperfect Foods, Burger King, Chick-fil-A, Wegmans, COOP, Asda, Goodyear, Autozone and more.

Pipe operates a global trading platform for recurring revenue streams, connecting companies to institutional investors to trade in real time. It makes recurring revenue streams tradable for their annual value offering more cash flow for scaling companies

VAST Data delivers the data platform at the heart of the AI-powered world, accelerating time-to-insight for workload-intensive applications. The VAST data platform delivers scalable performance, radically simple data management and enhanced productivity. Launched in 2019, VAST is the fastest-selling data infrastructure startup in history. For more information, please visit https://vastdata.com.

Armorblox is a venture-backed stealth cybersecurity startup that secures the human layer by using the latest techniques in machine learning (ML) and artificial intelligence (AI) to protect organizations against identity-based attacks and data loss.

cargo.one is the digital platform for freight forwarders to search, compare and book air freight capacities across airlines. These airlines benefit from a fully digital and data driven distribution channel, attracting new business at lower cost and higher operational efficiency. cargo.one has attracted leading airlines and forwarders including Lufthansa, Finnair, AirBridgeCargo, Etihad, ANA, Expeditors, Kühne + Nagel, DSV Panalpina, Hellmann, Flexport and JAS to distribute and buy air cargo online.  cargo.one is backed by Bessemer Venture Partners, Index Ventures, Creandum, Point Nine Capital, Next47 and Lufthansa Cargo.  Find out more on cargo.one

Bizzabo powers immersive in-person, virtual, and hybrid experiences. The Bizzabo Event Experience OS is a data-rich open platform that allows Event Experience Leaders to manage events, engage audiences, activate communities, and deliver powerful business outcomes — all while keeping attendee data private and secure. As a Leader in The Forrester Wave™: B2B Marketing Events Management Solutions, Q1 2021 Report, they are trusted by world brands to power their events — from Fortune 100 enterprise organizations and financial institutions to creative agencies and scaling tech companies. Bizzabo was founded by Boaz Katz, Alon Alroy, and Eran Ben-Shushan, and has more than 300 employees in its New York, Tel-Aviv, Kyiv, and London offices, as well as 15+ remote locations around the world.

Seeq is founded on the premise that companies need better solutions for quickly and easily deriving business insight from their industrial process data. It aims to provide software and services that convert industrial process data into information, enable discovery, increase collaboration, and ultimately drive better business decisions that lead to seamless execution, increased earnings, and continuous improvement. Seeq is an official partner of OSIsoft and recently sponsored its European and US user conferences, as well as US regional seminars. Seeq is also a sponsor of recent Emerson Exchange user conferences. Founded in 2012, the company is headquartered in Seattle, Washington, United States.

scoutbee’s mission is to help the right purchasers and the right suppliers connect, anywhere in the world. scoutbee delivers procurement teams a smarter supplier discovery suite. Powered by AI and continuously curated data, scoutbee tracks millions of data points to bring together supplier information with deep insights and a simple, digital process for strategic sourcing. Founded in 2015 by procurement, operations and engineering experts, scoutbee offers its strategic sourcing solution in Europe and in the US. The company was named one of Gartner’s 2020 “Cool Vendors” in Sourcing and Procurement for Supply Chain, and was ''Highly Commended'' for technology at the World Procurement Awards 2019. scoutbee has to date raised $76M in funding from investors including Atomico, Lakestar, Next47, Toba Capital, HV Holtzbrinck Ventures and 42CAP. More details at https://scoutbee.com/

Gecko Robotics provides robotics and inspection services, particularly for industrial applications. Gecko's complete and connected solutions combine wall-climbing robots, industry-leading sensors, and an AI-powered data platform to provide customers with a unique window into the current and future health of their physical assets. This enables real-time decision-making to increase the efficiency and safety of operations, promote mission readiness, and protect the environment and civilization from the effects of infrastructure failure.

Citrine Informatics is a computer software company that specializes in the fields of big data, artificial intelligence, and machine learning. It features a software platform that ingests and analyzes vast quantities of technical data on materials, chemicals, and devices to streamline R&D, manufacturing, and supply chain operations for any organization that produces a physical product.  The company was founded in 2013 and headquartered in Redwood City, California.

Built Robotics’ mission is to build the robots that build the world. By automating repetitive tasks in the $300 billion solar industry, Built is bridging the workforce gap to accelerate our transition to clean energy.

Sennder is a digital road freight forwarder that links commercial shippers with freight carriers. It provides automation, transparency, and efficiency with its in-house-developed platform for the freight market. They digitalize the truckload-shipping ecosystem by providing mobile apps to drivers, fleet management tools to carrier managers, and logistics management solutions to shippers. The company offers real-time booking as well as precise live tracking, bringing full transparency to any logistics supply chain. It integrates directly with the shippers’ transport management and freight management systems via APIs and by cutting the multiple middlemen, it increases efficiency and reduces cost for all stakeholders.

Yellowbrick empowers the next generation of talent to discover, pursue, upskill, and advance their career within the creative arts, media and entertainment fields.  In partnership with industry leaders in the creative arts, media, entertainment, and education — we develop experiences that help the next generation of leaders achieve their career objectives.

Logz.io provides an intelligent and scalable machine data analytics platform built on ELK and Grafana. Designed for monitoring modern applications, Logz.io combines cloud-native simplicity and scalability with crowdsourced artificial intelligence to help engineers identify critical issues before they occur and empower them to monitor, troubleshoot and secure mission-critical applications using one unified platform.

Sila is a battery materials company that manufactures energy-density lithium-ion batteries for electric vehicles. It works directly with consumer electronics and automotive OEMs to help accelerate product roadmaps and partners with battery manufacturers' commercial cell production. The company was founded in 2011 and headquartered in California, United States.

Markforged transforms manufacturing with 3D metal and continuous carbon fiber printers capable of producing parts tough enough for the factory floor. The Markforged Digital Forge brings the power and speed of agile software development to industrial manufacturing, combining hardware, software, and materials to eliminate the barriers between design and functional part. Engineers, designers, and manufacturing professionals all over the world rely on Markforged metal and composite printers for tooling, fixtures, functional prototyping, and high-value end-use production.

ubitricity has developed a highly efficient solution to make charging and billing of green electricity affordable everywhere.The ubitricity Mobile Charging System offers the first possibility to roll out scalable charging infrastructure everywhere. To this end, ubitricity has developed an intelligent charging cable which entails all metering and billing technology: the SmartCable. The user carries the mobile electricity contract, tied to the SmartCable, along to the charging spot. The technologically lean charging spots produce next to no running costs. They can be installed practically everywhere: at a wall, integrated into a standing pole or even integrated into urban furniture such as street lights. The user portal offers (among other services) a transparent overview of all transaction data. The charging and transaction data is managed by ubitricity. The all-round service is completed by the monthly invoice.

Veo Robotics is transforming manufacturing with products that incorporate advanced computer vision, 3D sensing, and AI.  Their first product lets high-performance industrial robots work collaboratively with people to enable much more flexible, productive, and efficient manufacturing workcells.

Turvo provides a collaborative Transportation Management System (TMS) application designed specifically for the supply chain. Turvo Collaboration Cloud connects freight brokers, 3PLs, shippers, and carriers to unite supply chain ecosystems, delivering outstanding customer experiences, real-time collaboration, and accelerated growth. The technology unifies internal and external systems, providing one end-to-end solution that streamlines operations, enhances analytics, and automates business processes while eliminating redundant manual tasks. Turvo’s customers include some of the world’s largest Fortune 500 logistics service providers and shippers as well as small to mid-sized freight brokers. Turvo is based in Dallas, Texas, with offices in Hyderabad, India. (www.turvo.com).

50% of people with chronic diseases do not take medications as prescribed. Improper medication use, especially for elderly patients, leads to hospitalizations and costs insurers billions of dollars. Current apps in the market are too complicated and difficult to use for the elderly who suffer the most from chronic diseases. Albert is a voice-based health assistant which is accessible through mobile app, Amazon Alexa and Google assistant. Our machine learning algorithms create a unique conversational medication management experience.  Elderly patients don’t have to text anymore. They will talk with Albert to manage their medications in an easy and effortless way. Patients can easily track health measurements, keep medical diary and set pill reminder by voice command. Furthermore, “Caregiver Mode” allows family members to manage and monitor their relatives’ treatment remotely.  Albert helps elderly patients to take the right dose at the right time and help insurers to have less medical expenses, more satisfied customers.

Braincube is a one-of-a-kind solution that maximizes your productivity. Their AI technologies continuously collect your data in any format and structure it in a single, secure database and provide production teams with optimal equipment control settings.

Varjo (pronounced var-yo) makes revolutionary VR/XR hardware and software that together allow you to see and experience virtual and augmented content just as clearly as you see the analog world around us. Our virtual reality and mixed reality take you to another level of performance and emotional immersion – recreating the exact feeling and conditions of real life, allowing you to perform better and learn faster. Varjo's customers include industry leaders such as Aston Martin, Boeing, Lockheed Martin, Audi, Volvo Cars, Aston Martin, Siemens,  Ultimately, we are building the technology for a metaverse of the future, transforming the way people work, interact, and play. www.varjo.com

rideOS’ mission is to accelerate the safe, global roll-out of next-generation transport. rideOS builds cutting-edge transportation marketplace and mapping technologies. rideOS collaborates with numerous partners, from Silicon Valley startups, to industrial OEMs, to companies operating ride-hailing services towards revolutionizing next-generation transport systems. Today, its ETA engine and self-driving vehicle routing service are used by mobility service companies to provide on-demand transportation. The startup consists of highly accomplished and experienced engineers that previously worked at companies like Google, Apple, Uber and Tesla. It was founded in 2017 and is based in San Francisco.

Next47 is a $1.2 billion independent, global venture firm backed by Siemens AG. We specialize in enterprise-focused businesses, make fast decisions and share deep conviction with the teams we invest in. We have the resources and the motivation to unleash maximum potential in every startup we work with. We leverage our own global footprint as well as the Siemens ecosystem that spans a broad set of industries across hundreds of countries and regions worldwide.

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