Below is a sampling of companies that received financing from SQN or it’s affiliates.
Founded in 2012 by Cynthia Breazeal, who is Cofounder and the Director of the Personal Robots Group at the MIT Media Laboratory, headquartered in Boston, MA with offices in San Francisco, CA and a presence in China. Jibo utilizes artificial intelligence, machine learning, and robotics to create the world’s first social robot. The company to date has raised $87M from top tier venture capital firms Flybridge Capital Partners, CRV, RRE Ventures, Fenox Venture Capital, and Netposa Technologies.
Jibo was on the cover of TIME magazine as one of the top 25 inventions of 2017 in December. Jibo is comparable to a smart home device such as Amazon’s Alexa, the Google Home device, Apple’s Home Pod, and the newly introduced Sonos Smart Home device. Jibo can synthesize conversations and is more interactive than the competition in the market today. In addition to sales to individuals at home, the robot could be used to assist children and adults with learning disabilities, elderly at nursing homes and assisted living facilities, and at schools and businesses for numerous purposes. Jibo is also an open source platform similar to the way applications are developed for Android and OS platforms from third party developers giving Jibo a broad range of future applications.
Jibo has received top tier venture capital support with domain expertise in robotic, artificial intelligence, and machine learning. Jibo became one of the top five most funded campaigns on IndieGoGo with 5,554 supporters raising $2,289,606 in proceeds from crowdfunding. The industry for smart devices and artificial intelligence is expected to grow substantially in the near future where in 2017 smart devices represented $15 billion and expected to rise according to Zion Market Research. The smart home industry is expected togrow at a CAGR around 15% and reach $53.5B by 2022 .
Based in Laredo, TX. Fr8Hub is an internet-based, full-service freight forwarding company who has created an electronic marketplace for shippers and carriers. Fr8hub is focusing on shippers and carriers in Laredo, Texas at the U.S-Mexico border, which is one of the largest trade hubs in the world connecting North America to Mexico and the rest of Central and South America. Fr8hub has received a seed investment from Columbus Nova Technology Partners (CNTP), a top-tier venture capital firm.
The U.S. top five customs districts in 2015 by value were Los Angeles, New York City, Laredo, Detroit, and New Orleans. In 2015, total US-Mexico trade volume (in US dollars) was $531 billion, of which 67.5% or $360 billion was carried on trucks.¹ The trucking industry in the United States is highly diversified and is dominated by independent owner-operators which represent 91.2% of the trucking industry where over 70% of the US-Mexico trade volume passed through Laredo.
Fr8Hub is seeking to disrupt a large fragmented market of brokers (16,932 licensed freight brokers in the U.S. as of September 2016) responsible for billions in trade volume.² Fr8Hub is attempting to become a primary broker by pairing shippers and carriers in minutes with the ability of shippers to track their loads via the platform regardless of the number of carriers being used.
Glue Networks (the company), headquartered in Sacramento, California was founded in 2007 and launched in 2011. The company provides software defined network orchestration, automation for multi-vendor networks, and is currently automating infrastructure in twenty-five plus countries. Glue Networks has the following marquee customers: Amgen, Pfizer, Merck, Stantec and Microsoft. The company has received equity investments from notable investors Acadia Woods, Harvard Angel Group, and The Angels’ Forum.
Glue Networks claims to be launching the industry’s first end-to- end, multi-vendor platform for IT automation and orchestration. It uses a model-driven, intent-based approach to provide orchestration for both physical and virtual environments. The company provides a simple and intuitive platform interface that allows for easy network management. The company currently has received two patents, and has 8 eight additional patents in various stages of allowance. According to MarketsandMarkets, the software defined WAN market size is estimated to grow from $738.9MM in 2016 to $9.1BN by 2021
Luminar Technologies was founded in 2012 and has two primary locations in Silicon Valley, CA and Orlando, FL and employs 150 employees. Luminar is developing advanced sensor technologies for the autonomous vehicle industry utilizing proprietary Light Detection and Ranging (LiDAR) technology. The Company’s LiDAR technology is said to be superior to the competition as it gives cars the ability to see obstacles ahead in much greater detail, and at much greater distances than any other system in development today. The Company has raised equity investments from notable investors Peter Thiel, the 1517Fund, Canvas Ventures, and GVA Capital.
Luminar is taking a different approach than the competition and is building all of its LiDAR components from the ground up. The Company has attempted 2,000 different ways to construct a LiDAR system and ultimately decided on one which is both functional and manufacturable. Luminar has engineered its own: lasers, receivers, chips, packaging and manufactures its own indium gallium arsenide, a chemical compound that it’s using as a receiver in its Lidar unit instead of silicon. The Company claims to have achieved results unseen in the market: 8x farther scanning, 15x higher point density and 30x lower costs.
The proceeds of the loan will be used to finance and expand their production facility and manufacturing capabilities for their Model G and Model H LiDAR systems. According to greencarreports.com, there were 1.2 billion vehicles on the road worldwide in 2015, which was expected to grow to 2 billion by 2030. Advanced driver assistance systems (ADAS) have been rapidly growing and evolving over the past decade, and will continue to grow until full autonomous driving is available. Features available today include adaptive cruise control, autonomous braking systems, lane change warning and parking assist. The total market is expected to grow to $260BN by 2030.
Shapeways is headquartered in New York with over 250 employees and factories and offices in Eindhoven, Queens, and Seattle. The Company provides 3D printing services and a community marketplace for 3D printed products The Company has raised $80mm from top-tier venture capital firms Andreesen Horowitz, Hewlett Packard Ventures, Union Square Ventures, and Index Ventures. Shapeways has 10 patents pending for innovations in manufacturing, and has printed over 8,000,000 items.
The Company is the world leading 3D printing marketplace and community with over 650,000 community members, in 140 countries. Over 23,000 businesses have built products on the Shapeways platform. The Company is considered the “go-to partner” for big brands and institutions. Shapeways provides individuals and small businesses with access to real production capabilities so they can create and sell their own products without needing to build their own manufacturing facilities. The Company allows customers to design and print out 3D products in 58 different materials (such as metal or glass) and then sell their creation at the Company’s online marketplace which prints and ships over 120,000 products a month.The global market for 3D-printing products and services will grow from $5.5 billion this year to $21.2 billion in 2020, predicts the Wohlers Report.
Knowledge Factor (KF)
Knowledge Factor (KF) is a Colorado based software company with 46 employees that provides an online learning toolkit that uses proven brain science and analytics to identify risk and improve performance. The Company’s products are marketed under its proprietary software-as-a-service (“SaaS”) platform known as Amplifire, which was developed with leading pedagogical and neurobiological experts, Amplifire leverages its patented methodology, robust analytics and deep business insights to help client organizations save millions of dollars and transform their businesses ¬ reducing training times, eliminating risk and error, improving user knowledge levels, and identifying and pursuing new go-to-market strategies.
The Amplifire learning system is used in education, test preparation and corporate training programs across a variety of industries, including law school graduates preparing for the Bar Exam, students preparing for the MCAT exam, higher education students worldwide, and human performance corporate training companies worldwide. The service delivers improved learning and memory results, such as a 47% increase in pass rates, a 30% increase in grades, and a 50% reduction in study times with up to 90% knowledge retention after 12 months. Customers include high profile companies including Pearson, CompTIA, The Princeton Review, Barbri (bar exam prep firm) and the world’s largest consulting firm, Accenture. The Company operates under three verticals: Education, Performance (Corporate), and the recently launched Healthcare.
Knowledge Factor currently has over 100 pilot programs in operation at hospital networks across the country, which are expected to transform into meaningful revenue. The healthcare vertical is a tremendous opportunity addressing medical error which is the third leading cause of death in the U.S., after heart attack and cancer.
Crop One Holdings, Inc
Crop One Holdings, Inc. is one of the leading technology companies in modular, vertical farming in the US. It has patent-pending technology and processes focused on optimizing crop yields by facilitating plant hyper-growth on a cost-effective basis. The company utilizes both proven hydroponic technology as well as a proprietary system of LED lighting, nutrient formula, water flow, and air temperature in a digitally-controlled environment.
The challenges addressed by Crop One and its peers are pesticide use, fresh water use, food transport, and population growth. Because Crop One can grow leafy greens in a controlled environment, the company does not need to use pesticides, which in a conventional farm would result in agricultural runoff and ocean acidification. Secondly, the consumption of fresh water for vertical farming is significantly less than conventional farming—therefore it is a more sustainable form of agriculture. Thirdly, indoor farming eliminates the need to transport food across national and international borders.
Founded in 2005, Boardwalktech was the first company to develop a positional, enterprise data management technology which they now deliver as the core component of a patented, multi-party blockchain digital ledger designed for collaborative, multi-party, mission-critical applications which rely on an information exchange internally and externally. Their Boardwalk Enterprise Blockchain service is ideal for managing the exchange of information between parties in a distributed manner in any application and in any industry via a blockchain digital ledger that facilitates more efficient trade, establishes trust, enhances transparency, and enables better control for businesses and their customers.
The company has a blue chip customer base including a number of Fortune 500 companies like Rockwell, Coke, Teva, and PwC. In addition, the company works with IBM, Oracle, Microsoft, Accenture, and McKinsey as both consulting and technology partners. The return on investment (ROI) for customers is a reduction in manual processes, a reduction in inefficiencies and risk, better data accuracy, and faster decision cycles.
Boardwalktech is based in Cupertino, California, and is currently privately held.
In 2008, a brilliant team of professors from the worlds of engineering and semiconductors set out to develop extraordinarily efficient lighting. Nobel laureate Dr. Shuji Nakamura, Dr. Steven DenBaars, and Dr. James Speck’s pursuit of perfection led to the development of a revolutionarily type of light–a violet LED made from pure gallium nitride substrates.
Our gallium nitride on gallium nitride (GaN on GaN™) technology emits more light per LED material, handles more electric current per area, and has crystals that are up to 1,000 times more precise than any other LED and enables full visible spectrum light. To bring this simply perfect light source to life, the team founded Soraa. It’s basically like the Ferrari of LED lights.
Eight years later, we’ve built a line of lamps and light engines around this innovative light source. Our distinctive products feature an intense single-point source LED with full visible spectrum light, Flicker Free™ digital driver, unique heat dissipating heat sink, and point source optics.
We’re headquartered in Fremont, California, where our talented team manufactures the GaN on GaN™ LEDs in a crazy awesome semiconductor fabrication facility. We are also building a new facility in Syracuse, New York. We have sales offices and distributors worldwide to help bring our perfect lights to you no matter where you are.
Calysta Energy is developing a new biological gas-to-liquids™ (BioGTL™) and biological gas-to-chemicals (BioGTC™) technology using methane–an energy-rich component of natural gas–as a new sustainable biological feedstock for high-value industrial chemicals and transportation fuels with cost and performance advantages over current processes. The company is a spinout of DNA2.0, the largest US-based provider of synthetic genes for industrial and academic use.
Suniva develops, manufactures, and markets its ARTisun series high-efficiency silicon photovoltaic (PV) cells for clean, earth-friendly power generation and is dedicated to driving down the cost per watt of solar generated power. The company is developing products focused on the intersection of high efficiency and low cost, as it believes that is the mass market for solar PV. Suniva’s current and future generation products are expected to be high-conversion efficiency cells, but not at a high cost.
Tigo Energy is a solar power installations group that increases power output, uptime, and reliability on existing and new solar installations, resulting in a faster return on investment and lower cost of ownership. By viewing the system holistically over the span of its useful life, Tigo Energy mitigates a variety of issues that limit the efficiency, availability, and flexibility of today’s solar installations.
Frame is a cloud-based platform that allows developers and business a simple place to manage their windows apps- all online and from a single, elegant dashboard. The firm runs applications on powerful servers in the cloud, and delivers the user interface to their browser. It allows allows software originally written to run on a desktop computer to be delivered as a cloud based service to any browser. The company is headquartered in Menlo Park, California, and was founded by Nikola Bozinovic, Ivan Vuckovic, and 2012.
Vantage Robotics believes flying cameras should be safe and easy to use for everyone. That hasn’t been the case with other drones and flying cameras, so they set out to solve this problem. Flying is magical, and Vantage Robotics wants to share that experience with the world. Go on, tell your story from above.
Volta is building city-wide, free-to-use EV charging networks. They place EV charging stations at the highest-profile locations within a city, and advertising sponsors provide charging as a free, open-access service. This both supports the growing EV community and inspires people to switch.
Volta connects brands with high-profile, high-affinity free services. The sponsored-services model, combined with digital, adaptive media, brings real-world advertising into the 21st century.
A huge industry shift toward hybrid cloud environments is creating significant security and performance issues for CIOs & CISOs. Achieving LAN-like security and real-time performance for applications that span private and public clouds requires a new, grounds-up architecture.
Kaazing, creator of the widely-adopted WebSocket standard, offers a range of enterprise infrastructure products with unmatched security, performance, and real-time capabilities to seamlessly enable next-generation private and hybrid cloud deployments for financial, logistics, and retail applications. Kaazing products span open-source, commercial software gateways, and IaaS products on AWS, Azure, and Rackspace cloud marketplaces. WebSocket demand has been increasing exponentially during the last two years, fueling increased bookings, billings, and pipeline momentum for Kaazing, with an estimated $500 million addressable market by 2018. Existing high-profile customers in the finance and logistics sectors include JPMC, HSBC, Banque Populaire, Allstate, FedEx, BMC Software, Union Pacific, XPO, United Airlines, and many others.