NGP Capital

NGP Capital is a venture capital investment firm based in Palo Alto, California, that focuses on early-stage B2B companies in sectors such as enterprise software, industrial technology, cybersecurity, and data infrastructure. Established in 2005, the firm operates with a thesis-driven approach and aims to harness the potential of technology to drive innovation. With assets under management totaling $1.6 billion, NGP Capital has invested in over 100 companies, including 18 that have reached unicorn status and 11 that have gone public. The firm's investment strategy primarily targets companies in Europe, Israel, and the United States, positioning it as a key player in the venture capital landscape.

Fernanda Aguiar

Vice President

Paul Asel

Co-Founder and Partner

Upal Basu

General Partner

Eric Fett

Associate

John Gardner

Managing Partner

Yao Ge

Investment Director

Bo Ilsoe

Partner

Monica Johnson

Operating Partner and CFO

Walter Masalin

Partner, Europe

Debjit Mukerji

Partner

Ossi Tiainen

Associate

Past deals in Industrial Automation

ANYbotics

Series B in 2024
ANYbotics AG is a Swiss robotics company founded in 2016 and based in Zurich. The company specializes in developing autonomous legged robots designed for industrial applications, particularly in hazardous and complex environments. These robots feature advanced capabilities such as docking stations, robust waterproof designs, and various sensing technologies. They are equipped to perform tasks like asset monitoring, equipment health checks, and event detection, thereby enhancing productivity and safety for workers in sectors such as oil and gas, power, energy, mining, chemicals, transportation, and construction. With a team of over 100 employees, ANYbotics aims to support industrial facilities in their inspection needs, promoting more sustainable operations through intelligent robotic solutions.

GrayMatter Robotics

Series B in 2024
GrayMatter Robotics specializes in addressing complex surface treatment and finishing challenges encountered by manufacturers with high-mix, high-variability production needs. The company develops advanced robotics equipped with proprietary artificial intelligence, which are integrated into smart robotic cells. These systems are designed to assist human operators in performing tedious and ergonomically challenging tasks, thereby enhancing operational efficiency and productivity. By leveraging its innovative technologies, GrayMatter Robotics aims to streamline manufacturing processes, making them more effective and user-friendly for clients in various industries.

Daedalus

Series A in 2024
Daedalus is building the world’s most advanced factories for precision components. With $40M in funding from Khosla Ventures, Addition, NGP Capital and Y Combinator, and a team from OpenAI, Google, SpaceX and Blue Horizon, we’re building software-defined factories where we’re producing parts for companies in semiconductor, aerospace, medical, energy, defense and more.

ANYbotics

Series B in 2023
ANYbotics AG is a Swiss robotics company founded in 2016 and based in Zurich. The company specializes in developing autonomous legged robots designed for industrial applications, particularly in hazardous and complex environments. These robots feature advanced capabilities such as docking stations, robust waterproof designs, and various sensing technologies. They are equipped to perform tasks like asset monitoring, equipment health checks, and event detection, thereby enhancing productivity and safety for workers in sectors such as oil and gas, power, energy, mining, chemicals, transportation, and construction. With a team of over 100 employees, ANYbotics aims to support industrial facilities in their inspection needs, promoting more sustainable operations through intelligent robotic solutions.

Helium

Series D in 2022
Helium is an internet-of-things developer platform for building the network and transferring IoT device data. The platform builds the peer-to-peer wireless network to simplify connecting anything to the internet by rewarding anyone to become a network operator. It provides wireless coverage for low-power Internet of Things (IoT) devices and earns a new cryptocurrency, Helium, from your living room. Helium tokens by verifying network transactions, adding new blocks to the blockchain, and performing other tasks. The Proof-of-Coverage is a unique work algorithm that uses radio waves to validate that hotspots are providing legitimate wireless coverage.

Peloton Technology

Series B in 2017
Peloton Technology Inc., founded in 2011 and based in Menlo Park, California, develops advanced active safety systems aimed at enhancing the efficiency of trucking fleets. The company employs radar and Dedicated Short-Range Communications (DSRC) to establish vehicle-to-vehicle links between pairs of trucks. This technology allows for the coordination of acceleration and braking while keeping drivers fully engaged and in control of steering. By forming platoons, Peloton's system significantly reduces aerodynamic drag, resulting in fuel savings of over 7% during on-road testing for both the leading and trailing trucks. In addition to improving fuel efficiency, Peloton's solutions help mitigate collision-related expenses, addressing critical issues faced by the trucking industry.

Peloton Technology

Venture Round in 2015
Peloton Technology Inc., founded in 2011 and based in Menlo Park, California, develops advanced active safety systems aimed at enhancing the efficiency of trucking fleets. The company employs radar and Dedicated Short-Range Communications (DSRC) to establish vehicle-to-vehicle links between pairs of trucks. This technology allows for the coordination of acceleration and braking while keeping drivers fully engaged and in control of steering. By forming platoons, Peloton's system significantly reduces aerodynamic drag, resulting in fuel savings of over 7% during on-road testing for both the leading and trailing trucks. In addition to improving fuel efficiency, Peloton's solutions help mitigate collision-related expenses, addressing critical issues faced by the trucking industry.

Digital Lumens

Series C in 2014
Digital Lumens, Inc. designs and develops LED-based lighting systems tailored for commercial and industrial environments globally. The company offers a comprehensive suite of products, including LightRules, an advanced lighting and energy management software, as well as LED high bay and linear lighting solutions. Their digital light agents enable traditional fixtures to integrate into intelligent lighting systems. The company’s offerings are utilized across various sectors, including warehousing, sports facilities, hazardous locations, parking garages, manufacturing, retail, cold storage, transportation, and agriculture. By incorporating IoT sensors and software, Digital Lumens creates smarter lighting systems that enhance efficiency and sustainability, delivering significant energy savings for large facilities. Founded in 2008 and based in Boston, Massachusetts, Digital Lumens is a subsidiary of OSRAM Licht AG and has established itself as a leader in transforming lighting into a platform for operational insights.
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