Innovation Works

Innovation Works is a venture capital firm based in Pittsburgh, Pennsylvania, established in 1999. With over 20 years of experience, it has become a key player in Southwestern Pennsylvania's technology economy, focusing on investing in high-potential companies that can significantly impact the regional economy. As the largest investor in seed-stage companies in the region, Innovation Works supports a diverse range of sectors, including robotics, artificial intelligence, medical devices, retail technologies, and enterprise software. In addition to financial investment, the firm offers business expertise and resources to help manufacturers adopt new technologies, further fostering innovation and growth within the local economy.

Sophie Burkholder

Investment Associate

Kevin Dowling Ph.D

Managing Director of Robotics Factory and Hardware

Peter Erin

Senior Investment Associate

Aaron Tainter

Director of Accelerator Programs

Steven Welles

Managing Director of Software

Past deals in Geospatial

Hummingbird Systems

Seed Round in 2024
Hummingbird Systems provides On demand aerial mapping and data analysis of construction sites and agriculture using drones.

CapSen Robotics

Seed Round in 2024
CapSen Robotics, Inc. specializes in advanced 3D computer vision systems that empower computers and robots to effectively interpret and navigate the cluttered physical world. Founded in 2016 and based in Pittsburgh, Pennsylvania, the company develops a range of solutions including cluttered object detection, scanning for both large and small objects, and object tracking. These technologies are applicable across various sectors such as factory automation, vehicle scanning and measuring, and retail inventory management. CapSen Robotics leverages cutting-edge research from MIT to enhance the capabilities of robotic systems, enabling them to operate in less structured environments like hospitals, warehouses, and homes. The company is currently collaborating with system integrators and robotics firms on applications that involve robotic picking and has partnered with a leading government contractor for warehouse applications. Their innovations are poised to have a significant impact across consumer, industrial, and defense markets.

CapSen Robotics

Seed Round in 2022
CapSen Robotics, Inc. specializes in advanced 3D computer vision systems that empower computers and robots to effectively interpret and navigate the cluttered physical world. Founded in 2016 and based in Pittsburgh, Pennsylvania, the company develops a range of solutions including cluttered object detection, scanning for both large and small objects, and object tracking. These technologies are applicable across various sectors such as factory automation, vehicle scanning and measuring, and retail inventory management. CapSen Robotics leverages cutting-edge research from MIT to enhance the capabilities of robotic systems, enabling them to operate in less structured environments like hospitals, warehouses, and homes. The company is currently collaborating with system integrators and robotics firms on applications that involve robotic picking and has partnered with a leading government contractor for warehouse applications. Their innovations are poised to have a significant impact across consumer, industrial, and defense markets.

CapSen Robotics

Seed Round in 2020
CapSen Robotics, Inc. specializes in advanced 3D computer vision systems that empower computers and robots to effectively interpret and navigate the cluttered physical world. Founded in 2016 and based in Pittsburgh, Pennsylvania, the company develops a range of solutions including cluttered object detection, scanning for both large and small objects, and object tracking. These technologies are applicable across various sectors such as factory automation, vehicle scanning and measuring, and retail inventory management. CapSen Robotics leverages cutting-edge research from MIT to enhance the capabilities of robotic systems, enabling them to operate in less structured environments like hospitals, warehouses, and homes. The company is currently collaborating with system integrators and robotics firms on applications that involve robotic picking and has partnered with a leading government contractor for warehouse applications. Their innovations are poised to have a significant impact across consumer, industrial, and defense markets.

RoadBotics by Michelin

Non Equity Assistance in 2019
RoadBotics, a company under Michelin, specializes in advanced computer vision technology for the inspection of roads and infrastructure. By leveraging machine vision and machine learning, RoadBotics identifies road issues quickly and at scale, providing municipalities with a comprehensive solution for assessing road conditions. The company generates interactive maps and unbiased ratings, offering practical tools that facilitate data-driven decision-making regarding public infrastructure assets. Through its user-friendly web-based platform, RoadBotics enables communities to monitor road conditions effectively and plan maintenance, ultimately saving time and taxpayer dollars.

Yodel Labs

Seed Round in 2019
Yodel Labs is a developer of a mobile positioning platform focused on delivering highly accurate location services in the mobile device industry. The company specializes in an acoustic location processing system that provides centimeter-level accuracy for indoor positioning. By utilizing low-cost, energy-harvesting ultrasound beacons, Yodel Labs enables mobile application developers to create high-accuracy localization applications. This technology facilitates a seamless connection between the virtual and physical worlds, enhancing user experiences in various applications.

RoadBotics by Michelin

Seed Round in 2018
RoadBotics, a company under Michelin, specializes in advanced computer vision technology for the inspection of roads and infrastructure. By leveraging machine vision and machine learning, RoadBotics identifies road issues quickly and at scale, providing municipalities with a comprehensive solution for assessing road conditions. The company generates interactive maps and unbiased ratings, offering practical tools that facilitate data-driven decision-making regarding public infrastructure assets. Through its user-friendly web-based platform, RoadBotics enables communities to monitor road conditions effectively and plan maintenance, ultimately saving time and taxpayer dollars.

CapSen Robotics

Seed Round in 2018
CapSen Robotics, Inc. specializes in advanced 3D computer vision systems that empower computers and robots to effectively interpret and navigate the cluttered physical world. Founded in 2016 and based in Pittsburgh, Pennsylvania, the company develops a range of solutions including cluttered object detection, scanning for both large and small objects, and object tracking. These technologies are applicable across various sectors such as factory automation, vehicle scanning and measuring, and retail inventory management. CapSen Robotics leverages cutting-edge research from MIT to enhance the capabilities of robotic systems, enabling them to operate in less structured environments like hospitals, warehouses, and homes. The company is currently collaborating with system integrators and robotics firms on applications that involve robotic picking and has partnered with a leading government contractor for warehouse applications. Their innovations are poised to have a significant impact across consumer, industrial, and defense markets.

LaneSpotter

Seed Round in 2018
LaneSpotter finds safe bike routes for cyclists and provides real-time information about the roads they ride. Unlike current apps, LaneSpotter leverages its community to create living maps that highlight real-life road conditions. By sharing their knowledge of local streets and businesses, LaneSpotter’s cycling community generates information that cannot be captured with a static map, like road safety ratings, bike infrastructure, alerts for road conditions like potholes, and recommended rides and routes.

RoadBotics by Michelin

Seed Round in 2018
RoadBotics, a company under Michelin, specializes in advanced computer vision technology for the inspection of roads and infrastructure. By leveraging machine vision and machine learning, RoadBotics identifies road issues quickly and at scale, providing municipalities with a comprehensive solution for assessing road conditions. The company generates interactive maps and unbiased ratings, offering practical tools that facilitate data-driven decision-making regarding public infrastructure assets. Through its user-friendly web-based platform, RoadBotics enables communities to monitor road conditions effectively and plan maintenance, ultimately saving time and taxpayer dollars.

LaneSpotter

Seed Round in 2018
LaneSpotter finds safe bike routes for cyclists and provides real-time information about the roads they ride. Unlike current apps, LaneSpotter leverages its community to create living maps that highlight real-life road conditions. By sharing their knowledge of local streets and businesses, LaneSpotter’s cycling community generates information that cannot be captured with a static map, like road safety ratings, bike infrastructure, alerts for road conditions like potholes, and recommended rides and routes.

LaneSpotter

Seed Round in 2017
LaneSpotter finds safe bike routes for cyclists and provides real-time information about the roads they ride. Unlike current apps, LaneSpotter leverages its community to create living maps that highlight real-life road conditions. By sharing their knowledge of local streets and businesses, LaneSpotter’s cycling community generates information that cannot be captured with a static map, like road safety ratings, bike infrastructure, alerts for road conditions like potholes, and recommended rides and routes.

Kaarta

Seed Round in 2016
Kaarta, Inc. specializes in 3D model generation software that processes environmental data to create accurate and usable 3D models. The company utilizes a patented technology rooted in advanced robotics to enable real-time mobile 3D reality capture, mapping complex environments efficiently without reliance on external signal infrastructures like GPS or Wi-Fi. Its offerings include a hand-held 3D scanning system, called Contour, which allows users to walk through an environment while generating a 3D map in real-time. Kaarta also provides Stencil 2, a mobile mapping platform designed for rapid scanning. By employing specialized localization algorithms and purpose-built technology, Kaarta enhances the ability to bridge the physical world with its digital twin, serving a variety of applications in architecture, geospatial analysis, and autonomous robotics. Founded in 2015 and headquartered in Pittsburgh, Pennsylvania, the company was previously known as Real Earth, Inc. before rebranding in December 2016.

CapSen Robotics

Angel Round in 2016
CapSen Robotics, Inc. specializes in advanced 3D computer vision systems that empower computers and robots to effectively interpret and navigate the cluttered physical world. Founded in 2016 and based in Pittsburgh, Pennsylvania, the company develops a range of solutions including cluttered object detection, scanning for both large and small objects, and object tracking. These technologies are applicable across various sectors such as factory automation, vehicle scanning and measuring, and retail inventory management. CapSen Robotics leverages cutting-edge research from MIT to enhance the capabilities of robotic systems, enabling them to operate in less structured environments like hospitals, warehouses, and homes. The company is currently collaborating with system integrators and robotics firms on applications that involve robotic picking and has partnered with a leading government contractor for warehouse applications. Their innovations are poised to have a significant impact across consumer, industrial, and defense markets.

Thar Geothermal

Seed Round in 2011
Thar Geothermal, LLC develops and markets heating and cooling solutions that are rooted in nature’s design, and that meets the triple bottom line of enhanced energy efficiency, reduced operating costs, and reduced environmental footprint. What differentiates Thar Geothermal from other commercial geothermal systems is the use of an established natural refrigerant, recycled carbon dioxide (known as R744). Additionally the technology lowers the cost and environmental footprint of system installation which has historically hampered adoption of conventional geothermal technology. By improving return of investment and lowering market barriers, Thar Geothermal is planning for rapid market penetration. The company is now in the process of transitioning from a development-stage company to a commercial operating company that designs, builds, installs, and finances sustainable heating and cooling systems.

AllPoint Systems

Seed Round in 2010
AllPoint Systems is a software and data processing company that specializes in 3D LIDAR technology, focusing on the roadway and building markets. The company provides innovative solutions that enable surveyors and engineers to complete large-scale projects with remarkable speed and efficiency, significantly surpassing traditional manual methods. By developing software that collects and processes 3D point cloud data, AllPoint Systems addresses the increasing demands of asset owners and meets the rising expectations driven by advancements in High Definition Scanning and Terrestrial Mobile LiDAR Scanning technologies. This positions AllPoint Systems as a key player in enhancing the capabilities of surveying and engineering professionals in their projects.
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