UL Ventures

UL is a global independent safety science company with over a century of experience in developing innovative safety solutions. Based in Northbrook, Illinois, UL focuses on promoting safe living and working environments, safeguarding people, products, and places. The company utilizes research and established standards to address evolving safety needs, collaborating with businesses, manufacturers, trade associations, and international regulatory authorities to enhance safety in a complex global supply chain. UL's expertise extends to sustainability, renewable energy, and nanotechnology, reflecting its commitment to advancing safety across various sectors. With a dedicated workforce of approximately 14,000 professionals, UL continues to play a vital role in facilitating trade and providing peace of mind in an increasingly interconnected world.

Christopher Park

Investment Director

Simin Zhou

Managing Director

25 past transactions

SkySpecs

Series D in 2022
SkySpecs, Inc. is a technology company based in Ann Arbor, Michigan, with an additional office in Amsterdam, Netherlands, that specializes in automating operations and maintenance for the wind energy industry through unmanned aerial vehicles. Founded in 2012, the company provides a range of services including analytics, wind turbine blade services, and engineering projects. Its offerings also encompass collaborative software solutions for managing and analyzing data from various sources, as well as digitization and planning for repair campaigns. Notably, SkySpecs has developed Horizon, a reporting software that serves as a central repository for operations and maintenance data related to wind turbine blades, facilitating task management, communication with third parties, and execution of large-scale repair projects. By leveraging its industry expertise and innovative technologies, SkySpecs aims to enhance productivity and efficiency for its clients within the renewable energy sector.

Little Cigogne

Venture Round in 2021
Little Cigogne SAS is an online retailer specializing in children's apparel, founded in 2012 and headquartered in Claye Souilly, France. The company aims to enhance the shopping experience for children by offering personalized trunks of ready-to-wear clothing tailored to the specific needs of children and the preferences of their parents. This approach allows customers to access age-appropriate and stylish clothing options at affordable prices. Little Cigogne focuses on providing a unique and convenient shopping solution for families seeking quality children's fashion.

Aurora Labs

Series B in 2020
Aurora Labs Ltd is a software development company based in Tel Aviv-Yafo, Israel, with additional offices in Munich, Skopje, Boston, and Detroit. Founded in 2016, the company specializes in machine learning, artificial intelligence, and blockchain technologies to address the complexities of automotive software development. Aurora Labs provides AI-based vehicle software intelligence that spans the entire lifecycle of a vehicle, including software development, testing, integration, quality control, and over-the-air updates. Its solutions help automotive manufacturers manage software costs and resources more efficiently while ensuring compliance with industry standards such as ISO-26262/ASIL-D and ASPICE-L2. With approximately 100 patents granted and a commitment to innovation, Aurora Labs has positioned itself as a key player in the evolution of software-defined vehicles, with its products being adopted globally in upcoming car models.

Enduvo

Seed Round in 2020
Enduvo is a computer software company that specializes in the fields of virtual reality, education, and medical simulation. The company enables anyone to create, distribute, and consume rich, interactive, virtual experiences.

SkySpecs

Series C in 2019
SkySpecs, Inc. is a technology company based in Ann Arbor, Michigan, with an additional office in Amsterdam, Netherlands, that specializes in automating operations and maintenance for the wind energy industry through unmanned aerial vehicles. Founded in 2012, the company provides a range of services including analytics, wind turbine blade services, and engineering projects. Its offerings also encompass collaborative software solutions for managing and analyzing data from various sources, as well as digitization and planning for repair campaigns. Notably, SkySpecs has developed Horizon, a reporting software that serves as a central repository for operations and maintenance data related to wind turbine blades, facilitating task management, communication with third parties, and execution of large-scale repair projects. By leveraging its industry expertise and innovative technologies, SkySpecs aims to enhance productivity and efficiency for its clients within the renewable energy sector.

Resilience

Venture Round in 2019
Resilience is a cybersecurity company focused on enhancing the cyber resilience of middle and large organizations against cyber threats. It offers a unique integration of cybersecurity, cyber insurance, and cyber risk management, supported by advanced risk quantification models. The company provides comprehensive cyber insurance solutions that are tailored to the specific needs of businesses, ensuring contract certainty and effective risk management. Resilience employs a proactive approach by analyzing threats and vulnerabilities in real-time, allowing organizations to prioritize significant risks and minimize false positives. Additionally, it offers action plans that address governance, user education, compliance, and security posture reviews, enabling clients to efficiently navigate their cyber policies and better understand their risk exposure. Founded by experts from military and intelligence backgrounds, Resilience aims to create a safer cyber environment for its clients, backed by prominent technology investment firms.

Kyndi

Series B in 2019
Kyndi, Inc. is a technology company that specializes in developing an explainable artificial intelligence (XAI) platform tailored for sectors such as government, financial services, and healthcare. Founded in 2014 and headquartered in San Mateo, California, with an additional office in Washington, D.C., Kyndi operates the Kyndi AI Platform, which leverages machine learning to enhance business regulation and provide auditable AI systems. The platform includes a Natural Language Search solution that enables organizations to efficiently extract insights from unstructured text data. By facilitating strategy and planning, compliance, and research operations, Kyndi aims to significantly boost the productivity of knowledge workers, assisting analysts in swiftly processing documents and gaining actionable insights to address opportunities and threats effectively.

Enduvo

Seed Round in 2019
Enduvo is a computer software company that specializes in the fields of virtual reality, education, and medical simulation. The company enables anyone to create, distribute, and consume rich, interactive, virtual experiences.

Massive Bio

Seed Round in 2019
Massive Bio, is an Artificial Intelligence (AI) powered platform that connects cancer patients and their treating oncologists to clinical trials while enabling pharmaceutical companies to get access to patients, mostly in community practices, and their information to speed up drug development. Massive Bio combines technology, services and oncology sub-specialist expertise to maximize trial enrollment. Massive Bio is the first company that attacks controlling patient enrollment value chain; Massive Bio does patient identification through direct direct and indirect patient acquisition channels, pre-screening through virtual site, Just-In-Time (JIT) site activation and further analyzes real world data for drug discovery. One of the major differentiating point of Massive Bio is that the Company tackles “last mile” issues for trial enrollment to eliminate site and/or financial considerations of patients. Massive Bio is the go to partner for pharmaceutical companies and CROs to get the right patient at the right time.

Brodmann17

Series A in 2019
Brodmann17 Ltd, founded in 2016 and headquartered in Hod Hasharon, Israel, specializes in developing advanced computer vision technology aimed at enhancing safety in mobility. The company's innovative AI solutions focus on pedestrian and face detection, among other applications, and are designed to operate efficiently on small devices. Utilizing deep learning neural networks, Brodmann17's software can extract comprehensive information from video feeds, significantly improving automated driving systems while optimizing performance and cost. Its patented, scalable perception software is hardware-agnostic, allowing for seamless integration across various platforms, from low-power edge devices to cloud systems. The company has garnered attention from prominent players in the technology and automotive sectors and is supported by various venture capital firms as well as major industry names.

KenSci

Series B in 2019
KenSci Inc. is a healthcare technology company that specializes in developing a machine learning platform aimed at improving risk prediction for healthcare providers and payers. Founded in 2015 and headquartered in Seattle, Washington, with additional offices in Hyderabad and Singapore, KenSci's platform integrates and analyzes data from various sources, including clinical records, claims, and patient-generated information. This enables healthcare organizations to identify clinical, financial, and operational risks, allowing for earlier interventions that can save costs and improve patient outcomes. The platform offers a library of pre-built models and modular solutions, facilitating seamless integration into existing workflows to enhance hospital operations and care coordination. By leveraging Explainable AI, KenSci ensures that its risk-based predictions are both efficient and accountable, ultimately supporting the delivery of better healthcare.

SafeTraces

Series A in 2018
SafeTraces is a prominent company specializing in sustainable indoor air quality solutions, offering the only verification method that actively measures pathogen risk. It has developed a traceability and environmental monitoring platform that assesses the performance of ventilation and filtration systems in indoor environments using real-world data. This innovative approach not only enhances safety but also helps clients build public trust and confidence in the safety of their indoor spaces. SafeTraces is recognized for its commitment to improving indoor air quality, underpinned by the first UL mark for verified ventilation and filtration, ensuring that individuals can breathe safer air in various settings.

Identify3D

Convertible Note in 2018
Identify3D provides intellectual property protection, quality assurance, and data security in all phases of digital manufacturing. Its platform allows industrial companies to encrypt designs and couple them with enforceable business and manufacturing rules, facilitate secure digital distribution and ensure product integrity that enables manufacturers to protect the confidentiality and integrity of data throughout the digital manufacturing thread. It offers a solution for stakeholders that encrypts the design assignment of business rules, authorizes based on design rules and device certificates, and authenticates devices, settings, and consumables. Identify3D was established in 2014 and is headquartered in San Francisco, California.

RiskSense

Series B in 2018
RiskSense, Inc. specializes in cyber risk management solutions, offering a cloud-based platform that enables organizations to assess and manage their cybersecurity risk effectively. The RiskSense Platform provides vulnerability prioritization and management, utilizing risk-based scoring and analytics to identify critical security weaknesses. It features services such as vulnerability assessments and attack surface validation, which help organizations discover misconfigurations and vulnerabilities, as well as assess potential infiltration paths used by cyber adversaries. By continuously correlating customer infrastructure with extensive vulnerability data and threat intelligence, RiskSense delivers actionable insights that prioritize remediation efforts and enhance overall security posture. Founded in 2006 and headquartered in Sunnyvale, California, with additional offices in Albuquerque, New Mexico, and India, RiskSense was previously known as CAaNES, LLC before rebranding in May 2015.

Massive Bio

Seed Round in 2018
Massive Bio, is an Artificial Intelligence (AI) powered platform that connects cancer patients and their treating oncologists to clinical trials while enabling pharmaceutical companies to get access to patients, mostly in community practices, and their information to speed up drug development. Massive Bio combines technology, services and oncology sub-specialist expertise to maximize trial enrollment. Massive Bio is the first company that attacks controlling patient enrollment value chain; Massive Bio does patient identification through direct direct and indirect patient acquisition channels, pre-screening through virtual site, Just-In-Time (JIT) site activation and further analyzes real world data for drug discovery. One of the major differentiating point of Massive Bio is that the Company tackles “last mile” issues for trial enrollment to eliminate site and/or financial considerations of patients. Massive Bio is the go to partner for pharmaceutical companies and CROs to get the right patient at the right time.

Voltaiq

Series A in 2018
Voltaiq is a technology company that has developed the first Enterprise Battery Intelligence™ (EBI) software platform, which allows customers to optimize battery performance, reliability, and financing while minimizing risks associated with recalls and battery failures. The EBI platform is a fully automated solution that aggregates extensive battery data throughout the entire product lifecycle, offering insights into both real-time battery functionality and future performance. Founded in 2012 by two PhD graduates from UC Berkeley, Voltaiq serves a diverse global clientele, including leaders in transportation, consumer electronics, energy storage, and the broader battery supply chain. By providing critical analytics, Voltaiq enhances safety and accelerates innovation in battery usage, helping manufacturers and users improve productivity and performance.

Opendatasoft

Venture Round in 2018
Opendatasoft is a global leader in the democratization of data. It provides an all-in-one SaaS platform that allows all teams to quickly create compelling digital experiences with their data and share them across their internal and external ecosystems. This allows customers to accelerate digital transformation and development, positively transform their operations and establish more transparent relationships with their stakeholders. More than 350 organizations around the world have adopted Opendatasoft's platform. They include large companies such as Schneider Electric, UK Power Networks, SFR, Bloomberg Associates, Veolia and Saint Gobain, government and state departments, and major cities such as Paris, Vancouver, Long Beach, Bristol, Namur and Eindhoven.

SkySpecs

Series B in 2018
SkySpecs, Inc. is a technology company based in Ann Arbor, Michigan, with an additional office in Amsterdam, Netherlands, that specializes in automating operations and maintenance for the wind energy industry through unmanned aerial vehicles. Founded in 2012, the company provides a range of services including analytics, wind turbine blade services, and engineering projects. Its offerings also encompass collaborative software solutions for managing and analyzing data from various sources, as well as digitization and planning for repair campaigns. Notably, SkySpecs has developed Horizon, a reporting software that serves as a central repository for operations and maintenance data related to wind turbine blades, facilitating task management, communication with third parties, and execution of large-scale repair projects. By leveraging its industry expertise and innovative technologies, SkySpecs aims to enhance productivity and efficiency for its clients within the renewable energy sector.

Stae

Seed Round in 2017
Stae is a company focused on enhancing the capabilities of cities through a digital infrastructure platform that centralizes access to civic data. By partnering with local governments, Stae improves data-sharing workflows and enables better decision-making for city managers and workers. The platform integrates and manages diverse data sources, creating real-time feeds that allow for actionable insights. This approach not only supports compliance and procurement but also fosters innovation and performance within municipalities, ultimately giving cities a competitive edge in the management of their resources and services.

Resilinc

Series B in 2017
Resilinc Corporation specializes in providing cloud-based Software-as-a-Service solutions focused on supply chain resiliency and risk management. The company offers a comprehensive suite of tools, including supply chain mapping to identify vulnerabilities, crisis management solutions for preparedness and response, and a collaborative platform for risk mitigation efforts. Additionally, Resilinc delivers EventWatch Professional, a service that monitors global events that could disrupt supply chains, and Resilinc CyberSCRM, which protects supply chains from cybersecurity threats. Founded in 2010 and based in Palo Alto, California, Resilinc's solutions enable organizations to effectively plan, monitor, and mitigate disruptions across multi-tier supply chains, enhancing overall resilience and compliance.

SafeTraces

Series A in 2017
SafeTraces is a prominent company specializing in sustainable indoor air quality solutions, offering the only verification method that actively measures pathogen risk. It has developed a traceability and environmental monitoring platform that assesses the performance of ventilation and filtration systems in indoor environments using real-world data. This innovative approach not only enhances safety but also helps clients build public trust and confidence in the safety of their indoor spaces. SafeTraces is recognized for its commitment to improving indoor air quality, underpinned by the first UL mark for verified ventilation and filtration, ensuring that individuals can breathe safer air in various settings.

Metamoto

Seed Round in 2017
Metamoto, Inc. specializes in designing and developing simulation software solutions aimed at testing and validating autonomous systems. Founded in 2016 and headquartered in Redwood City, California, the company offers a platform that enables scenario-based training and testing by creating virtual environments with customizable sensor configurations, traffic, and pedestrians. This approach enhances the development and validation of autonomous software by incorporating continuous testing and integration principles alongside expertise in simulation, computer vision, and machine learning, while adhering to relevant standards and regulations. Metamoto serves a range of enterprises, providing tools and best practices that improve the reliability and safety of autonomous systems.

Resilinc

Venture Round in 2017
Resilinc Corporation specializes in providing cloud-based Software-as-a-Service solutions focused on supply chain resiliency and risk management. The company offers a comprehensive suite of tools, including supply chain mapping to identify vulnerabilities, crisis management solutions for preparedness and response, and a collaborative platform for risk mitigation efforts. Additionally, Resilinc delivers EventWatch Professional, a service that monitors global events that could disrupt supply chains, and Resilinc CyberSCRM, which protects supply chains from cybersecurity threats. Founded in 2010 and based in Palo Alto, California, Resilinc's solutions enable organizations to effectively plan, monitor, and mitigate disruptions across multi-tier supply chains, enhancing overall resilience and compliance.

3DSIM

Series A in 2015
3DSIM, LLC, founded in 2015 and based in Park City, Utah, specializes in the development of simulation software tailored for metal additive manufacturing. As a subsidiary of Ansys, Inc., the company offers advanced simulation tools that enable manufacturers, designers, materials scientists, and engineers to enhance their processes through simulation-driven innovation, minimizing the need for physical trial and error. 3DSIM's software is utilized by a diverse range of clients, including aerospace and automotive original equipment manufacturers (OEMs), parts manufacturers, producers of metal additive manufacturing machines, and prominent research laboratories, all aiming to optimize their production and design capabilities.

Collis

Acquisition in 2012
Collis focuses on design, development and testing of information technology systems. Collis provides innovative ICT-solutions that improve our customer's business.
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