ITU Ventures

ITU Ventures is an investment firm focused on supporting technology businesses that emerge from prominent universities, research institutions, and corporations. The firm primarily targets startup companies located in California, New Mexico, and the Midwest region of the United States. ITU Ventures specializes in investing within the software, semiconductor, and commercial product sectors, aiming to nurture innovative ventures that have the potential for significant growth and impact. Through its strategic investments, ITU Ventures seeks to foster the development of cutting-edge technology and drive advancements in various industries.

Andrew Murray

Principal

22 past transactions

Luxtera

Series D in 2008
Luxtera, Inc. is a company based in Carlsbad, California, that specializes in silicon photonics technology, primarily for data centers and mobile infrastructure. Founded in 2001, Luxtera creates optical modules, including faceplate pluggable optical transceivers and embedded optical transceivers, which enable direct fiber-to-chip connectivity. The company is noted for overcoming significant technical challenges in integrating high-performance optics with silicon electronics on a mainstream CMOS chip. Its patented technology combines the long reach of single-mode fiber with the affordability of integrated optoelectronics, resulting in advanced transceiver devices that enhance high-speed optical communications. As a fabless semiconductor company, Luxtera's innovations provide low-cost, high-volume optical solutions characterized by superior performance and reliability. In December 2018, Luxtera was acquired by Cisco Systems, further extending its reach in the communications and semiconductor industries.

XAware

Series C in 2008
XAware is an opensource data integration vendor. XAware's tool set leverages a Service Oriented Architecture (SOA) and is built upon key technical standards (such as J2EE, XML, and Eclipse) and industry standards (such as ACORD, CSIO, EDI, HL7 and NIEM).

Comet Solutions

Series A in 2007
Comet Solutions, Inc. specializes in developing engineering simulation applications aimed at enhancing the automation of modeling and simulation tasks in product development. Founded in 2001 and headquartered in Cincinnati, Ohio, the company offers a range of software solutions, including SimApps and Gearbox SimApps, which allow manufacturers to conduct "what if?" analyses, assess design modifications, and optimize performance across various domains such as acoustics, dynamics, durability, and cost management. These applications facilitate collaboration among design and engineering teams by enabling non-experts to perform simulations and adhere to best practices. Additionally, Comet Solutions provides a process automation platform for computer-aided engineering (CAE), simulation templates, and consulting services. Its products cater to diverse industries, including space systems, consumer products, electronics, and automotive applications. Comet Solutions also maintains offices in Albuquerque, New Mexico; Troy, Michigan; Shanghai, China; and India.

XAware

Series B in 2006
XAware is an opensource data integration vendor. XAware's tool set leverages a Service Oriented Architecture (SOA) and is built upon key technical standards (such as J2EE, XML, and Eclipse) and industry standards (such as ACORD, CSIO, EDI, HL7 and NIEM).

g8wave

Series A in 2006
8Wave, a Boston-based provider of a technology platform for marketing through mobile phone networks.

Comet Solutions

Series A in 2006
Comet Solutions, Inc. specializes in developing engineering simulation applications aimed at enhancing the automation of modeling and simulation tasks in product development. Founded in 2001 and headquartered in Cincinnati, Ohio, the company offers a range of software solutions, including SimApps and Gearbox SimApps, which allow manufacturers to conduct "what if?" analyses, assess design modifications, and optimize performance across various domains such as acoustics, dynamics, durability, and cost management. These applications facilitate collaboration among design and engineering teams by enabling non-experts to perform simulations and adhere to best practices. Additionally, Comet Solutions provides a process automation platform for computer-aided engineering (CAE), simulation templates, and consulting services. Its products cater to diverse industries, including space systems, consumer products, electronics, and automotive applications. Comet Solutions also maintains offices in Albuquerque, New Mexico; Troy, Michigan; Shanghai, China; and India.

Authenticlick

Series A in 2006
Authenticlick is a web analytics company specializing in web traffic quality intelligence solutions for online advertising optimization. Authenticlick aims to drive greater transparency in the search and display advertising market through a standardized quality scoring system and powerful web traffic quality reporting and analysis tools. Authenticlick's analysis platform and scoring methodologies enable advertisers to obtain a unique view of the quality of their web traffic and take actions to dramatically improve conversion and return on ad spend.

Pivotal Systems

Series B in 2006
Pivotal Systems Corporation specializes in designing, developing, and manufacturing gas flow controllers for the semiconductor industry, primarily in Asia and North America. Founded in 2003 and based in Fremont, California, the company offers a technology platform that includes innovative hardware and software solutions. Their products, such as gas flow controllers and monitors, utilize advanced machine learning to enhance monitoring and control of critical parameters in wafer processing, thereby improving productivity and efficiency in semiconductor fabrication. Pivotal Systems serves a diverse clientele, including integrated device manufacturers, foundries, and original equipment manufacturers, with a significant portion of its revenue generated from the Asian market.

Agility Design Solutions

Series B in 2005
Agility Design Solutions, Inc. develops software tools that shorten the time to design, verify, and implement signal processing algorithms. The company offers solutions for algorithm acceleration, prototyping, and implementation in software and hardware. Its products include RMS, which improves the execution speed of MATLAB programs; MCS, which automatically synthesizes MATLAB code to C code; MCS Function Library, which includes functions that are synthesized using MCS to generate ANSI-C source; DK Design Suite, a design environment for C-based algorithmic design entry, simulation, and synthesis; RC Series Platforms, a family of FPGA-based rapid prototyping/development boards; and PixelStreams Imaging Library, which includes IP cores for digital image and video processing. The company also offers training, support, and algorithm implementation consulting services. It serves customers in various fields, including video analysis, image recognition, and wireless and wired communications. The company markets and sells its products through direct sales channels and local distributors in North America, Asia, and Europe. Agility Design Solutions, Inc. was formerly known as Catalytic, Inc. and changed its name to Agility Design Solutions, Inc. in January, 2008. Agility Design Solutions, Inc. was founded in 2001 and is headquartered in Palo Alto, California with additional offices in Austin, Texas; Abingdon, England; and Yokohama, Japan.

Coled Display Technology

Series A in 2005
COLED, a super energy conservation technology for display application. They currently have patents filed in USA, China, Japan, Korea and internationally. This is a game-changing technology that will correct the existing problems of OLED and other display technology. COLED technology provides the sunlight readable screens to users, who will no longer need to charge their cell phones on a daily basis. In addition, they provide simple structures that will enable display manufacturers to save 30 - 35% in manufacturing costs. This will ultimately pass the cost-saving benefits to consumers. COLED Display Technology Inc, formed a collaboration with SRI to co-develop this great technology and they anticipate to complete the single color prototypes in 12 months and the full color prototypes in 18 months. They are seeking financial and strategic partners to commercialize this game-changing technology with a global market growing to $160+ billion in 2017.

Dynamic Organic Light

Series A in 2005
Dynamic Organic Light, Inc. develops novel organic materials for use in next generation flat panel displays, solar cells, and solid state lighting. Dynamic Organic Light, Inc. was formerly known as COLED Technologies Incorporated till 2006. The company was founded in 2003 and is based in Longmont, Colorado.

XAware

Series B in 2004
XAware is an opensource data integration vendor. XAware's tool set leverages a Service Oriented Architecture (SOA) and is built upon key technical standards (such as J2EE, XML, and Eclipse) and industry standards (such as ACORD, CSIO, EDI, HL7 and NIEM).

Catalytic

Series A in 2004
A Palo Alto, Calif.-based provider of software designed to increase DSP application productivity

PowerSicel

Series A in 2003
PowerSicel, Inc. is a Boulder, Colorado based company that was spun off from the University of Colorado and Astralux, Inc. in 2001 with a mission to commercialize enabling SiC power electronics with significant performance and cost enhancements over both conventional and future technologies. PowerSicel was seed funded by ITU Ventures and subsequently raised additional capital from both ITU Ventures and Digital Power Capital.

Hier Design

Series B in 2003
Hier Design Inc. develops, markets, and supports hierarchical floor planning and analysis software for design of ultra deep sub-micron, multi-million gates, and Field Programmable Gate Arrays (FPGA).

XAware

Series A in 2002
XAware is an opensource data integration vendor. XAware's tool set leverages a Service Oriented Architecture (SOA) and is built upon key technical standards (such as J2EE, XML, and Eclipse) and industry standards (such as ACORD, CSIO, EDI, HL7 and NIEM).

Luxtera

Series A in 2002
Luxtera, Inc. is a company based in Carlsbad, California, that specializes in silicon photonics technology, primarily for data centers and mobile infrastructure. Founded in 2001, Luxtera creates optical modules, including faceplate pluggable optical transceivers and embedded optical transceivers, which enable direct fiber-to-chip connectivity. The company is noted for overcoming significant technical challenges in integrating high-performance optics with silicon electronics on a mainstream CMOS chip. Its patented technology combines the long reach of single-mode fiber with the affordability of integrated optoelectronics, resulting in advanced transceiver devices that enhance high-speed optical communications. As a fabless semiconductor company, Luxtera's innovations provide low-cost, high-volume optical solutions characterized by superior performance and reliability. In December 2018, Luxtera was acquired by Cisco Systems, further extending its reach in the communications and semiconductor industries.

Mobile Skyflow

Seed Round in 2000
SkyFlow has developed and delivered a solution to automate self-service through speech-driven solutions. Their Mission is to deliver high customer satisfaction and empowerment via the contact center while saving cost for their clients. SkyFlow was founded in January 2000 and is located in Berkeley, CA. The company is privately held. While well-funded as a startup, the company has steadily added customers — first Bravanta, then Apple computer, Odimo (DeBeer Diamonds’ on line B2C arm), etc. In 2000, SkyFlow won the UC Berkeley 2000 Business Plan Competition, and received one of only ten worldwide Hewlett-Packard Garage e-scholarships. In May 2001, SkyFlow was selected by Fortune Small Business as one of 65 "Innovators" in the U.S. in its 4th Annual Big Ideas issue. As 2002 has progressed, the company has expanded commercial usage of its fully developed solutions. For information regarding partnership opportunities with SkyFlow, email partners@skyflow.com. Their integrated voice and data solutions automate interactive business processes for the enterprise. Users can speak requests for information or conduct transactions and hear and see responses via multiple output devices. From a technologically rich platform, SkyFlow delivers applications such as order management, fulfillment, and information look-up providing customers, suppliers, and employees flexible speech-driven information access and transaction options. Their Conversational Application Server enables the rapid deployment of scalable, reliable, and secure applications with easy expansion of business logic and content delivery using a variety of devices, platforms, and networks.
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