MassVentures

MassVentures is a venture capital firm based in Waltham, Massachusetts, established in 1978 as a quasi-public corporation by the Massachusetts Legislature. The firm focuses on providing seed and early-stage funding to high-growth startups, facilitating their transition from concept to commercialization. MassVentures invests primarily in sectors such as information technology, healthcare, cybersecurity, e-commerce, mobile, manufacturing, and robotics. With a governance structure that includes an independent Board of Directors and management by experienced venture capitalists, MassVentures leverages the state's entrepreneurial spirit and innovation centers to support the Massachusetts innovation economy. The firm also offers accelerator programs to further assist emerging companies in their growth journey.

Charles Hipwood

Founder, President and CEO

Vinit Nijhawan

Managing Director

Nicholas A. Pappas

Vice President

Stacy Swider

Vice President, Investments

Priya Yadav

Vice President of Investments

Past deals in Manufacturing

Blaze Power

Grant in 2023
Blaze Power operates as a lithium-ion battery materials manufacturer. It innovates and commercializes iron-based cathode materials to enable mass-market electrification in transportation and energy storage. The company is driven to industrialize these cathodes in purpose-built inflation reduction act-compliant facilities.

Active Surfaces

Grant in 2023
Active Surfaces, a Massachusetts-based company, specializes in commercializing ultra-thin-film solar technology developed at MIT. Its core business involves creating flexible, lightweight solar panels that can be seamlessly integrated into everyday materials and surfaces, revolutionizing the conventional energy sector. The company's innovative manufacturing approach significantly reduces production costs, making solar power more accessible and affordable. This technology presents a transformational opportunity for semiconductor and electronics manufacturing, driving down costs for both module production and installation. By enabling virtually any surface to generate power, Active Surfaces aims to accelerate the transition to a cleaner, more sustainable future.

Southie Autonomy

Grant in 2023
Founded in 2017 and headquartered in Boston, Southie Autonomy develops robot software that enables industrial robots to be repurposed and redeployed by users without specialized skills. Its system aims to reduce time, cost, and skill barriers for applications like kitting, palletizing, and simple assembly.

Kanda Industries

Grant in 2023
Kanda Industries designs and manufactures the custom furnitures for homes and Offices.

Phoenix Tailings

Grant in 2023
Phoenix Tailings specializes in recycling mining tailings, specifically Bauxite Residue ('Red Mud'), to extract strategic materials for industries such as aerospace, automotive, electronics, and biotechnology. Founded in 2019 with a mission to revolutionize the mining industry sustainably and economically.

Carbix

Grant in 2022
Carbix develops weathering technologies that convert CO2 emissions into building materials. It uses a bioreactor to capture CO2 from industrial plant flue gas and combines it with mineral inputs and energy from renewable sources or energy-from-waste to accelerate sequestration and form carbonates that serve as raw materials for construction products and other industrial applications.

Mesodyne

Grant in 2022
Founded in 2018 by Drs. Veronika Stelmakh and Walker Chan, Mesodyne is a pioneering engineering and manufacturing company specializing in innovative electricity generation methods. Their patented LightCell technology converts any fuel to electricity via light, providing rugged, long-lasting, portable power for military and commercial users.

Allium Engineering

Grant in 2021
Allium Engineering specializes in developing and manufacturing corrosion-resistant steel rebar, utilizing innovative coating technology. This enhances concrete infrastructure durability, minimizes maintenance needs, reduces carbon emissions, and benefits construction sites.

Bootbox Labs

Grant in 2021
Bootbox Labs is a manufacturing company that provides refrigerant-free and climate-neutral heat pumps for the HVAC industry.

Inkbit

Series B in 2021
Inkbit Corporation, founded in 2017 and based in Medford, Massachusetts, specializes in the research, development, and manufacturing of advanced 3D printers. The company has created a next-generation additive manufacturing platform that integrates machine vision and multi-material jetting technologies. By leveraging expertise from MIT-trained scientists and engineers, Inkbit aims to address the challenges of mass-market additive manufacturing. Its innovative approach enables rapid, on-demand production of polymer 3D printed parts, effectively bridging the gap between prototyping and full-scale manufacturing. This capability caters to the needs of industries requiring high precision and speed for complex, multi-material end-use products.

Mesodyne

Grant in 2021
Founded in 2018 by Drs. Veronika Stelmakh and Walker Chan, Mesodyne is a pioneering engineering and manufacturing company specializing in innovative electricity generation methods. Their patented LightCell technology converts any fuel to electricity via light, providing rugged, long-lasting, portable power for military and commercial users.

InstantEye Robotics

Grant in 2021
InstantEye Robotics is a division of Physical Sciences Inc., both located in Andover Massachusetts, approximately a half-hour north of Boston. InstantEye Robotics’ tactical, unmanned aerial systems (UAS) are the systems of choice by the military, law enforcement, first responder, and commercial users around the world. Our products are characterized by their affordability, ruggedness, and ease of use. We provide full-spectrum solutions, from initial concepts through to products manufactured in our state-of-the-art production facility.

Lydian

Grant in 2020
Lydian aims to accelerate the decarbonization of the chemical industry by electrifying the chemical production process. Founded in 2021 by Branko Zugic, Lydian is headquartered in

Physical Sciences

Grant in 2020
Physical Sciences Inc., founded in 1973 and headquartered in Andover, Massachusetts, provides contract research and development services across a wide range of technical areas for both government and commercial clients. The company specializes in advanced imaging and sensing technologies, offering products such as adaptive infrared imaging spectroradiometers, compact adaptive optics retinal imagers, and miniature diode laser-based ambient gas sensors. Additionally, Physical Sciences develops and supplies various analytical technology sensors, mass flux monitors, and laser-based detection systems. The company's engineering services include system engineering, instrument testing and calibration, and the development of electrochemical engineering solutions. It serves diverse markets, including aerospace, energy, biomedical, defense, and telecommunications, through direct sales, strategic partnerships, and licensing agreements both domestically and internationally. With satellite offices in California, Maryland, Ohio, and Massachusetts, as well as a subsidiary in New Jersey, Physical Sciences leverages its extensive expertise to address complex challenges in multiple industries.

MachineMetrics

Convertible Note in 2020
MachineMetrics Inc. is a company that specializes in developing real-time production monitoring software for various manufacturing sectors, including aerospace, automotive, and medical devices. Founded in 2014 and headquartered in Northampton, Massachusetts, the company offers an automated cloud solution that collects, analyzes, and visualizes machine data. This platform provides manufacturers with real-time dashboards and notifications, enabling them to address production issues promptly and make informed decisions. By simplifying the integration of Internet of Things (IoT) technology on the shop floor, MachineMetrics enhances manufacturing efficiency, reportedly improving performance by over 20% for its clients. The company's focus on delivering deep analytics and predictive insights allows clients to digitize legacy processes and maximize profitability.

Alloy Enterprises

Grant in 2020
Alloy Enterprises is a Somerville, Massachusetts-based developer of 3D printing technologies and industrial-engineered products aimed at reducing inefficiencies in conventional manufacturing. The company has developed an aluminum additive technology that enables dense, low-cost parts without relying on expensive or hazardous powders, addressing limitations in traditional methods and supporting advances in lightweight components and emissions reduction.

Physical Sciences

Grant in 2020
Physical Sciences Inc., founded in 1973 and headquartered in Andover, Massachusetts, provides contract research and development services across a wide range of technical areas for both government and commercial clients. The company specializes in advanced imaging and sensing technologies, offering products such as adaptive infrared imaging spectroradiometers, compact adaptive optics retinal imagers, and miniature diode laser-based ambient gas sensors. Additionally, Physical Sciences develops and supplies various analytical technology sensors, mass flux monitors, and laser-based detection systems. The company's engineering services include system engineering, instrument testing and calibration, and the development of electrochemical engineering solutions. It serves diverse markets, including aerospace, energy, biomedical, defense, and telecommunications, through direct sales, strategic partnerships, and licensing agreements both domestically and internationally. With satellite offices in California, Maryland, Ohio, and Massachusetts, as well as a subsidiary in New Jersey, Physical Sciences leverages its extensive expertise to address complex challenges in multiple industries.

Inkbit

Series A in 2019
Inkbit Corporation, founded in 2017 and based in Medford, Massachusetts, specializes in the research, development, and manufacturing of advanced 3D printers. The company has created a next-generation additive manufacturing platform that integrates machine vision and multi-material jetting technologies. By leveraging expertise from MIT-trained scientists and engineers, Inkbit aims to address the challenges of mass-market additive manufacturing. Its innovative approach enables rapid, on-demand production of polymer 3D printed parts, effectively bridging the gap between prototyping and full-scale manufacturing. This capability caters to the needs of industries requiring high precision and speed for complex, multi-material end-use products.

MicroContinuum

Grant in 2019
MicroContinuum offers precision micro-and nano-imprinting and patterning using patented roll-to-roll and batch manufacturing technologies. It y serves a range of clients, including Fortune 100 corporations, startups, and government labs, helping test and develop new nanostructured surfaces for the electronics, lighting, solar, energy harvesting, and health industries.

MachineMetrics

Series A in 2018
MachineMetrics Inc. is a company that specializes in developing real-time production monitoring software for various manufacturing sectors, including aerospace, automotive, and medical devices. Founded in 2014 and headquartered in Northampton, Massachusetts, the company offers an automated cloud solution that collects, analyzes, and visualizes machine data. This platform provides manufacturers with real-time dashboards and notifications, enabling them to address production issues promptly and make informed decisions. By simplifying the integration of Internet of Things (IoT) technology on the shop floor, MachineMetrics enhances manufacturing efficiency, reportedly improving performance by over 20% for its clients. The company's focus on delivering deep analytics and predictive insights allows clients to digitize legacy processes and maximize profitability.

Dynamo Micropower

Grant in 2018
Dynamo Micropower Corporation is a technology company focused on developing innovative fuel-flexible gas turbines tailored for small distributed generation in the oil and gas industry. Founded in 2011 and headquartered in Somerville, Massachusetts, the company offers advanced power solutions, including its PowerCore system, which provides reliable, grid-quality power while operating on local unrefined gas. This capability allows customers to significantly reduce energy costs, with savings of up to 80%, and enhances equipment performance by up to 25%. Dynamo also provides custom solutions and a flameless turboheater known as Infernocore, addressing the specific needs of oilfield applications. The company distributes its products through a network of distributors and offers support services via service partners, having established a solid customer base that includes notable clients such as Kinder Morgan and Caterpillar.

Uniqarta

Grant in 2018
Uniqarta specializes in the development of advanced technologies for the manufacture of flexible electronics, focusing on small, ultra-thin integrated circuits (ICs). The company has developed a proprietary laser-enabled assembly technology that significantly enhances the efficiency of chip placement by replacing traditional pick-and-place methods with a fast, massively parallel approach. This innovative technology allows for the seamless integration of ultra-thin ICs into everyday materials such as paper and plastic, resulting in Smart Materials that eliminate the need for additional RFID labels. By addressing critical integration challenges, Uniqarta empowers electronics manufacturers to create next-generation products that contribute to the evolution of the Internet of Things (IoT).

Physical Sciences

Grant in 2018
Physical Sciences Inc., founded in 1973 and headquartered in Andover, Massachusetts, provides contract research and development services across a wide range of technical areas for both government and commercial clients. The company specializes in advanced imaging and sensing technologies, offering products such as adaptive infrared imaging spectroradiometers, compact adaptive optics retinal imagers, and miniature diode laser-based ambient gas sensors. Additionally, Physical Sciences develops and supplies various analytical technology sensors, mass flux monitors, and laser-based detection systems. The company's engineering services include system engineering, instrument testing and calibration, and the development of electrochemical engineering solutions. It serves diverse markets, including aerospace, energy, biomedical, defense, and telecommunications, through direct sales, strategic partnerships, and licensing agreements both domestically and internationally. With satellite offices in California, Maryland, Ohio, and Massachusetts, as well as a subsidiary in New Jersey, Physical Sciences leverages its extensive expertise to address complex challenges in multiple industries.

TelAztec

Grant in 2018
TelAztec specializes in manufacturing nano-textured optics, serving industries including semiconductors, medical devices, and automotive. Their products include optical filter microstructures for applications like liquid crystal displays, infrared sensors, advanced lithography systems, and passive optical filters.

MachineMetrics

Seed Round in 2016
MachineMetrics Inc. is a company that specializes in developing real-time production monitoring software for various manufacturing sectors, including aerospace, automotive, and medical devices. Founded in 2014 and headquartered in Northampton, Massachusetts, the company offers an automated cloud solution that collects, analyzes, and visualizes machine data. This platform provides manufacturers with real-time dashboards and notifications, enabling them to address production issues promptly and make informed decisions. By simplifying the integration of Internet of Things (IoT) technology on the shop floor, MachineMetrics enhances manufacturing efficiency, reportedly improving performance by over 20% for its clients. The company's focus on delivering deep analytics and predictive insights allows clients to digitize legacy processes and maximize profitability.

Via Separations

Grant in 2016
Via Separations, Inc. is a company that specializes in developing membrane-based products for the separation of industrial liquids, aimed at enhancing efficiency in challenging industrial environments. Founded in 2016 and based in Somerville, Massachusetts, the company focuses on industrial decarbonization through innovative chemistries that significantly reduce energy consumption in manufacturing processes. Via's technology allows facilities to cut energy usage by 90% during chemical separation, replacing traditional heat-based methods with a highly selective and robust membrane filtration system. This advancement not only helps to minimize the environmental impact of industrial processes, but it also creates additional revenue opportunities for customers. Currently, Via is conducting pilot trials at pulp and paper facilities with the goal of eliminating 100 million metric tons of CO2 emissions by 2050. The company has successfully scaled its technology and demonstrated working prototypes at a commercial level, having emerged from MIT's Department of Material Science & Engineering.

Barrett Technology

Grant in 2015
Barrett Technology, LLC, established in 1990 and located in Newton, Massachusetts, specializes in the design and manufacture of advanced robotic manipulators. The company has pioneered technology that enhances flexibility in articulated arms and hands, positioning itself as a leader in this field. Renowned for its innovative solutions, Barrett Technology earned recognition in the Guinness Book of World Records for its advanced manipulator technology. The company offers a high degree of versatility, catering to a wide range of applications across various industries.

Dynamo Micropower

Grant in 2015
Dynamo Micropower Corporation is a technology company focused on developing innovative fuel-flexible gas turbines tailored for small distributed generation in the oil and gas industry. Founded in 2011 and headquartered in Somerville, Massachusetts, the company offers advanced power solutions, including its PowerCore system, which provides reliable, grid-quality power while operating on local unrefined gas. This capability allows customers to significantly reduce energy costs, with savings of up to 80%, and enhances equipment performance by up to 25%. Dynamo also provides custom solutions and a flameless turboheater known as Infernocore, addressing the specific needs of oilfield applications. The company distributes its products through a network of distributors and offers support services via service partners, having established a solid customer base that includes notable clients such as Kinder Morgan and Caterpillar.

Energid Technologies

Grant in 2015
Energid Technologies Corporation, founded in 2001 and based in Bedford, Massachusetts, specializes in developing advanced software solutions for robotics. The company is known for its Actin software development kit, which provides real-time and adaptive motion control capabilities. Energid's software addresses complex kinematics and dynamics challenges across various applications, including industrial automation, medical devices, aerospace, agriculture, and defense. By offering products and support tailored to the needs of diverse sectors, Energid Technologies aims to facilitate the deployment of autonomous and collaborative robotic systems, enhancing operational efficiency and precision in demanding environments. As of February 2018, Energid operates as a subsidiary of Teradyne, Inc.

Physical Sciences

Grant in 2015
Physical Sciences Inc., founded in 1973 and headquartered in Andover, Massachusetts, provides contract research and development services across a wide range of technical areas for both government and commercial clients. The company specializes in advanced imaging and sensing technologies, offering products such as adaptive infrared imaging spectroradiometers, compact adaptive optics retinal imagers, and miniature diode laser-based ambient gas sensors. Additionally, Physical Sciences develops and supplies various analytical technology sensors, mass flux monitors, and laser-based detection systems. The company's engineering services include system engineering, instrument testing and calibration, and the development of electrochemical engineering solutions. It serves diverse markets, including aerospace, energy, biomedical, defense, and telecommunications, through direct sales, strategic partnerships, and licensing agreements both domestically and internationally. With satellite offices in California, Maryland, Ohio, and Massachusetts, as well as a subsidiary in New Jersey, Physical Sciences leverages its extensive expertise to address complex challenges in multiple industries.

GVD Corporation

Grant in 2014
GVD is an ultra-thin coating service provider specializing in vapor-deposited polymer coatings. Their solvent-free, low-temperature manufacturing process produces chemically pure polymer coatings that enhance customer products or manufacturing processes.

Flodesign Sonics

Grant in 2014
FloDesign Sonics is a company that specializes in innovative acoustic technology aimed at transforming the separations and filtration sectors. The firm utilizes 3D non-linear acoustic standing waves to capture, separate, and purify mixtures without the need for physical membranes, chemicals, or centrifugation. This groundbreaking approach has broad applications across various industries, including life sciences, oil and gas, food and beverage, and industrial processing. The primary focus of FloDesign Sonics is in bioprocess separations, where it applies its technology to enhance the manufacturing of life-saving biopharmaceuticals.

Xtalic

Grant in 2014
Founded in 2005, Xtalic specializes in developing and manufacturing unique nanostructured metal coatings that offer corrosion resistance, wear resistance, and improved appearance. Its patented electroplating process delivers premium performance across various applications, including decorative and functional metal finishing, electronics, waterproofing, and precious metal reduction. Notably, its products are free of hexavalent chromium, reducing environmental compliance costs and worker safety hazards.

Persimmon Technologies

Grant in 2014
Founded in 2010, Persimmon Technologies specializes in developing, manufacturing, and distributing advanced vacuum robotics for various industries including semiconductor, LED, OLED, solar, and flat panel display equipment markets. Headquartered in Wakefield, Massachusetts.

Vecarius

Grant in 2013
Vecarius is an energy efficiency in mass markets with broad societal impact, particularly in markets involving energy-intensive mobile or portable applications. They offer power management systems, thermal management systems, power electronics, advanced heat exchangers, and waste heat recovery.

SachSiSolar

Grant in 2013
SachSiSolar develops technology to reduce the costs of solar panels. The company provides manufacturers with an inexpensive retrofit for their production lines to increase the efficiency of solar panels. The technology will drive down the cost of high-efficiency photovoltaics and enable high-technology manufacturing in Massachusetts.

NBD Nanotechnologies

Grant in 2013
NBD Nanotechnologies, Inc. is a manufacturer of surface wettability coatings and additives designed to enhance the performance of various materials. Founded in 2012 and headquartered in Lexington, Massachusetts, the company offers a diverse product portfolio that includes RepelShell, RepelFlex Antimicrobial, RepelFlex Soft-Touch, NanoGlue, RepelFlex Hard-Coat, Invisiprint, and RepelFlex Leather. These products are engineered to modify surface properties, improving functionalities such as heat transfer, condensation control, fog capture, de-misting, and anti-scaling performance. NBD Nanotechnologies focuses on providing innovative solutions that create ultra-durable and functional surface characteristics for glass and plastic materials, catering to a range of commercial partners.

Energid Technologies

Grant in 2013
Energid Technologies Corporation, founded in 2001 and based in Bedford, Massachusetts, specializes in developing advanced software solutions for robotics. The company is known for its Actin software development kit, which provides real-time and adaptive motion control capabilities. Energid's software addresses complex kinematics and dynamics challenges across various applications, including industrial automation, medical devices, aerospace, agriculture, and defense. By offering products and support tailored to the needs of diverse sectors, Energid Technologies aims to facilitate the deployment of autonomous and collaborative robotic systems, enhancing operational efficiency and precision in demanding environments. As of February 2018, Energid operates as a subsidiary of Teradyne, Inc.

Takachar

Grant in 2012
Takachar is a company focused on transforming agricultural waste into valuable products, particularly eco-friendly cooking fuel. Operating primarily in Kenya, it has developed low-cost technologies that enable the conversion of unmanaged agricultural residues into charcoal, a non-toxic and affordable energy source for low-income households. Over the past three years, Takachar has established or assisted seven locally run waste-to-charcoal enterprises, some of which have achieved operational profitability. The company has successfully created approximately 100 jobs and sold 50 tons of its eco-char product. By utilizing oxygen-lean torrefaction reactors, Takachar helps farmers reduce waste through recycling, allowing them to generate additional income while preventing open burning of agricultural residues. The company aims to demonstrate the financial sustainability of these enterprises as a foundation for expanding its franchise network in the future.

KaZak Composites

Grant in 2012
KaZak Composites is an engineering design and manufacturing company based in Woburn, Massachusetts, specializing in composite engineering and pultrusion processing. The company focuses on providing low-cost automated manufacturing solutions for composite structures, catering to diverse applications such as ship and building structures, space systems, and various commercial uses. With a strong emphasis on serving the aerospace and defense sectors, KaZak Composites leverages advanced technology to deliver efficient and cost-effective composite solutions.

Fiberspar

Venture Round in 2010
Fiberspar is a leading manufacturer of high-strength, fiber-reinforced tubular products specifically designed for the oil and gas industry. The company is recognized for its innovative spoolable LinePipe products, which have become the preferred choice among industry producers due to their significant cost and performance advantages over traditional steel and stick fiberglass alternatives. In addition to LinePipe, Fiberspar also offers SmartPipe, a specialized product that facilitates the transmission of real-time data during drilling and well intervention operations, as well as permanently installed production tubing. The company further provides connectors, enhancing the versatility and efficiency of its product offerings in various applications within the sector.

Spectra Analysis Instruments

Venture Round in 2010
Spectra Analysis, Inc. is a prominent manufacturer of molecular spectroscopy systems, specializing in applications for chromatography. The company focuses on infrared spectroscopy, enabling real-time connections to both gas and liquid chromatography. Its advanced systems facilitate the collection of comprehensive infrared spectra for each component in a separation process, either independently or in conjunction with mass spectroscopy. By providing high-performance and reliable tools, Spectra Analysis supports chemists in the efficient analysis of complex mixtures, catering to diverse sectors including academia, research, and various industries. Their offerings emphasize sensitivity and speed, making them vital for the analysis of controlled substances, polymers, and copolymers.

Spectra Analysis Instruments

Series C in 2008
Spectra Analysis, Inc. is a prominent manufacturer of molecular spectroscopy systems, specializing in applications for chromatography. The company focuses on infrared spectroscopy, enabling real-time connections to both gas and liquid chromatography. Its advanced systems facilitate the collection of comprehensive infrared spectra for each component in a separation process, either independently or in conjunction with mass spectroscopy. By providing high-performance and reliable tools, Spectra Analysis supports chemists in the efficient analysis of complex mixtures, catering to diverse sectors including academia, research, and various industries. Their offerings emphasize sensitivity and speed, making them vital for the analysis of controlled substances, polymers, and copolymers.

Atlantis Components

Series D in 2007
Atlantis Components specializes in the design and manufacturing of titanium abutments for implant dentistry, utilizing a proprietary software system known as the Virtual Abutment Design (VAD) system. This innovative system enables technicians to create abutments with unprecedented precision and reliability, enhancing the restoration of dental implants through crown-and-bridge techniques. Atlantis Components' designs are grounded in comprehensive dental research and clinical insights, ensuring that their products meet the needs of dental professionals and improve patient outcomes. The company's commitment to quality and precision positions it as a leader in the field of dental implant solutions.

Spectra Analysis Instruments

Series A in 2007
Spectra Analysis, Inc. is a prominent manufacturer of molecular spectroscopy systems, specializing in applications for chromatography. The company focuses on infrared spectroscopy, enabling real-time connections to both gas and liquid chromatography. Its advanced systems facilitate the collection of comprehensive infrared spectra for each component in a separation process, either independently or in conjunction with mass spectroscopy. By providing high-performance and reliable tools, Spectra Analysis supports chemists in the efficient analysis of complex mixtures, catering to diverse sectors including academia, research, and various industries. Their offerings emphasize sensitivity and speed, making them vital for the analysis of controlled substances, polymers, and copolymers.

Polnox

Seed Round in 2005
Polnox is a company focused on the development of advanced antioxidants, specifically macromolecular antioxidants, aimed at significantly enhancing the longevity of various consumer products and materials. Utilizing its proprietary DT-mPM Antioxidants and eco-friendly McIn Corrosion Inhibitors, Polnox offers products that deliver performance levels that exceed those of traditional additives. The company's innovations provide robust resistance to the damaging effects of heat and oxygen, making its solutions particularly valuable in extending the service life of materials across multiple applications.

Castion

Convertible Note in 2004
CASTion is a developer and manufacturer of wastewater treatment and recovery systems for industrial and municipal clients. The wastewater recovery system can recover metals for reuse from the wastewater such as chrome, copper, and zinc; salts and organic compounds such as ethylene and propylene glycol, and compounds such as ammonia. The wastewater treatment systems have application in aerospace, food processing, metal finishing, refineries, manufacturing and municipal wastewater.

Xrl

Venture Round in 1990
Xrl is a manufacturer of automatic laser repair equipment used in the production of VLSI memory chips and ASIC's and laser trimmers for semiconductor memories.
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