412 Venture Fund

412 Venture Fund is a venture capital firm based in Pittsburgh, Pennsylvania, United States. It invests in early‑stage technology and technology‑enabled companies across sectors including artificial intelligence and machine learning, B2B software as a service, cybersecurity, robotics, advanced materials, sensors, and healthcare, with a typical investment capacity around two million dollars. The firm also seeks impact investments in diversity and inclusion.

Ilana Diamond

Managing Partner

Lloyd Myers

General Partner

Andrew Rabin

Co-Founder and General Partner

Evan Segal

Co-Founder / General Partner

Lauren Williams JD

Principal

Past deals in Pennsylvania

Gridwise

Series A in 2022
Gridwise develops a mobile application for gig economy drivers, empowering them with real-time insights to maximize earnings. Its platform offers demand alerts, passenger data tracking, mileage logging, tax deduction calculation, and performance reporting.

Arieca

Series A in 2022
Arieca LLC, founded in 2018 and based in Pittsburgh, Pennsylvania, specializes in the development and distribution of Thubber, a thermally conductive rubber composite. This innovative material merges the compliance and elasticity of soft silicone rubber with the thermal conductivity of metal, making it suitable for various applications such as circuit wiring, sensors, and passive heat exchangers. Arieca's product addresses heat management challenges in the electronics industry, enhancing performance while ensuring safe interactions between devices and users. By providing an alternative to traditional rubber, Arieca aims to improve the efficiency of electronic components across multiple sectors.

ESTAT Actuation

Seed Round in 2021
ESTAT Actuation is a company founded in 2019 and based in Pittsburgh, Pennsylvania, that specializes in the development of electroadhesive clutches. These innovative clutches are designed to enhance the performance of robots and machinery by reducing the size and cost of actuators. By providing engineers with lightweight and low-power actuation hardware, ESTAT Actuation enables clients to improve the capabilities and affordability of their robotic systems and machines.

Edge Case Research

Series A in 2021
Founded in 2013, Edge Case Research specializes in developing software products and safety systems for companies working on self-driving cars. They offer tools like Hologram for edge case detection and Switchboard for automated robustness testing. Their services also include embedded software best practices assessment and training. The company serves industries such as autonomous vehicles, robotics, consumer electronics, and industrial controls.

Gridwise

Seed Round in 2020
Gridwise develops a mobile application for gig economy drivers, empowering them with real-time insights to maximize earnings. Its platform offers demand alerts, passenger data tracking, mileage logging, tax deduction calculation, and performance reporting.
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