OUR INVESTMENTS
Companies We're
Proud to Back
From technical breakthrough to commercial reality. We help you identify the right customers and capital strategy to efficiently bridge the gap from prototype to product.
Computing

Replacing obsolete semiconductors for legacy systems. When critical chips go end-of-life, Phoenix reverse-engineers drop-in replacements.

J2 Ventures, Raytheon, Lockheed Martin

Autonomy

AI-driven design meets advanced manufacturing. Defense hardware faster and cheaper than traditional primes.

$100M Series B led by Khosla Ventures

COMMS

Secure, high-bandwidth optical links for contested environments.

Sequoia, Crosspoint, Stanford

Autonomy

AI-driven design meets advanced manufacturing for robotic vehicle maintenance.

Fleet automation — commercial scale

Recreates obsolete microelectronics on demand for defense, transportation, and OEM markets with drop-in replacement chips
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Defense manufacturing company building advanced unmanned systems (drones, missiles) and decentralized manufacturing infrastructure
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Develops laser communication systems using photonic circuits for secure, jam-proof tactical military networks
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Builds fully automated tire changing robotics systems for commercial fleet vehicles, reducing downtime by 80-90%
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AI-powered radar software for autonomous vehicles providing high-resolution 4D imaging (acquired by Ambarella)
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Develops next-gen GPS/GNSS technology using LEO satellites for resilient, anti-jam positioning and timing
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Engineers quiet, safe, and efficient electric jet engines for drones and eVTOL aircraft
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Google spinout developing laser communications (Tightbeam) and network orchestration software (Spacetime) for land, sea, air, and space
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AI for hardware design that compiles any codebase into optimized custom chips
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Fabless semiconductor company building ultra-fast RF switches for 5G, radar, and quantum computing
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Real-time RF spectrum intelligence platform for monitoring, classifying, and geolocating radio-frequency interference
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Defense technology company focused on undersea/maritime systems (stealth mode)
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Microbial biotechnology platform developing sustainable microbes for biomanufacturing chemicals, ingredients, and materials
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Builds affordable autonomous underwater vehicles (AUVs) that operate in cooperative swarms for defense and commercial missions
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Autonomous precision weapon stations to safeguard our military and partners
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Clean rare earth metal refining from mining waste with zero toxic byproducts, rebuilding domestic US supply chain
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Leader in trusted Identity AI with face recognition, liveness detection, deepfake detection, and age estimation
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AI-powered neural sensing wearables for cognitive performance monitoring and touchless gesture control
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Production-grade liquid metal 3D printing using drop-on-demand technology for sustainable metal manufacturing
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Privacy-preserving biometric authentication without storing passwords, secrets, or user credentials
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Wireless power delivery technology enabling long-range, over-the-air charging for devices and sensors
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Unified AI enabled computer vision
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Technologies to enable spectrum access and coexistence in challenging and congested electromagnetic environments
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Gen AI automated red teaming for mission critical applications
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Stealth Startup
Digital transformation of the world's oceans for modelling and sensing
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Defense manufacturing company building advanced unmanned systems (drones, missiles) and decentralized manufacturing infrastructure
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Real-time RF spectrum intelligence platform for monitoring, classifying, and geolocating radio-frequency interference
Go to site
Defense technology company focused on undersea/maritime systems (stealth mode)
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Builds affordable autonomous underwater vehicles (AUVs) that operate in cooperative swarms for defense and commercial missions
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Allen Control Systems — industrial control systems and automation solutions
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Develops laser communication systems using photonic circuits for secure, jam-proof tactical military networks
Go to site
Engineers quiet, safe, and efficient electric jet engines for drones and eVTOL aircraft
Go to site
Google spinout developing laser communications (Tightbeam) and network orchestration software (Spacetime) for land, sea, air, and space
Go to site
Wireless power delivery technology enabling long-range, over-the-air charging for devices and sensors
Go to site
Autonomous ground vehicle technology for defense and industrial applications
Go to site
Recreates obsolete microelectronics on demand for defense, transportation, and OEM markets with drop-in replacement chips
Go to site
Develops next-gen GPS/GNSS technology using LEO satellites for resilient, anti-jam positioning and timing
Go to site
AI for hardware design that compiles any codebase into optimized custom chips
Go to site
Fabless semiconductor company building ultra-fast RF switches for 5G, radar, and quantum computing
Go to site
AI-powered neural sensing wearables for cognitive performance monitoring and touchless gesture control
Go to site
Privacy-preserving biometric authentication without storing passwords, secrets, or user credentials
Go to site
Advanced antenna and RF technology for communications and sensing systems
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Software optimization and embedded systems development for resource-constrained environments
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Builds fully automated tire changing robotics systems for commercial fleet vehicles, reducing downtime by 80-90%
Go to site
AI-powered radar software for autonomous vehicles providing high-resolution 4D imaging (acquired by Ambarella)
Go to site
Microbial biotechnology platform developing sustainable microbes for biomanufacturing chemicals, ingredients, and materials
Go to site
Clean rare earth metal refining from mining waste with zero toxic byproducts, rebuilding domestic US supply chain
Go to site
Leader in trusted Identity AI with face recognition, liveness detection, deepfake detection, and age estimation
Go to site
Production-grade liquid metal 3D printing using drop-on-demand technology for sustainable metal manufacturing
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Advanced research and development laboratory focused on emerging technologies
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