Established in 2010 and headquartered in New York, AetherWorks specializes in founding and funding companies focused on high-efficiency distributed software systems.
Harvest Thermal
Grant in 2024
Harvest Thermal develops a control system for home use that integrates heating, hot water, and cooling with thermal storage. Its Harvest Thermal Pod is a cloud-connected IoT device that is machine learning enabled. It aims to provide affordable and low-carbon heating, hot water, and cooling systems that reduce the impact on the planet while providing comfort and safer homes.
Picogrid is a technology company that specializes in developing a unified platform for autonomous systems, focusing on field intelligence solutions. The company's platform offers continuous and real-time insights into remote locations through the use of satellite-based broadband terminals equipped with sensors and cameras. These terminals can be deployed in various environments and are designed to integrate with existing sensors, cameras, and SCADA equipment. By providing enhanced visibility and real-time alerts, Picogrid enables enterprises and government organizations to digitize and effectively monitor remote areas, thereby improving operational efficiency and decision-making capabilities.
Founded in 2002, Nanohmics specializes in custom solutions for computational imaging, electro-optics, micro- and nanofabrication, and embedded systems instrumentation. The company integrates novel power and thermal control subsystems to enhance efficiency through smart sensing and automation.
Ndustrial provides analytical engines that enhance businesses' production control, improve energy efficiency, and minimize waste. Primarily serving mid-tier manufacturers, they integrate legacy data, streamline Industrial IoT deployments, and host predictive control algorithms to optimize operations globally.
Blip Energy develops smart battery systems designed to mitigate peak demand on the power grid. Their plug-and-play hardware optimizes energy costs for users while reducing operational expenses for utilities, with no permitting or installation barriers.
Iris Light Technologies
Grant in 2023
Iris Light Technologies is an electronics company that specializes in advanced laser technology aimed at enhancing the silicon photonics market. The company develops innovative solutions that increase the bandwidth and energy efficiency of light chips by employing a unique and scalable method for integrating multiple lasers onto a single chip. This technology supports a variety of applications, including optical communications, optical sensors, and the emerging Internet of Things (IoT). By focusing on breakthrough on-chip laser technology, Iris Light Technologies empowers advancements in artificial intelligence and 5G communications, positioning itself as a key player in the evolving landscape of electronic solutions.
Axiom Cloud, based in Oakland, California, specializes in providing artificial intelligence solutions for commercial refrigeration applications, primarily serving supermarkets across North America. The company's platform focuses on power management and maintenance, offering tools like the Virtual Technician, which predicts equipment failures before they occur, and the Virtual Battery, which optimizes energy use by pre-cooling cases and intelligently managing compressor loads. Axiom Cloud targets the retail grocery sector, charging customers an initial setup fee for installing and configuring their IoT platform, along with recurring subscription fees for cloud-based software applications. The company was founded in 2014.
PassiveLogic
Grant in 2020
PassiveLogic develops autonomous building control systems that optimize energy use and simplify infrastructure management. Its platform employs physics-based digital twins, real-time system simulation, automatic commissioning, generative design tools, and edge-deployed intelligence to coordinate HVAC, electrical, and other building systems in commercial and industrial facilities, improving occupant comfort and operational continuity. The Quantum digital twin standard underpins the approach for autonomous systems, and the technology has demonstrated around 30% energy savings versus conventional controls. By scaling autonomous building controls across the built environment, PassiveLogic aims to unlock substantial energy efficiency gains and reduce overall energy consumption tied to buildings, a major global energy user. Founded in 2016, the company focuses on delivering high-impact sustainability solutions for real estate and infrastructure sectors.
mHUB
Non Equity Assistance in 2020
mHUB is an independent innovation center located in Chicago, Illinois, that specializes in hardtech and manufacturing. Incorporated in 2013, mHUB focuses on the development and manufacturing of physical products, including robotics, connected devices, sensors, energy technologies, medical devices, smart buildings, and unmanned vehicles. It serves as a collaborative space for startups and small businesses, fostering a community of over 428 active members, including product designers, engineers, and entrepreneurs. Since its launch in 2017, mHUB has facilitated the creation of more than 1,256 products, generated over $1.1 billion in revenue, and supported the hiring of more than 4,153 employees. The center provides essential resources such as funding, co-working space, and industry expertise, enabling innovators to transform their ideas into sustainable businesses and advance the manufacturing sector.
PassiveLogic
Grant in 2019
PassiveLogic develops autonomous building control systems that optimize energy use and simplify infrastructure management. Its platform employs physics-based digital twins, real-time system simulation, automatic commissioning, generative design tools, and edge-deployed intelligence to coordinate HVAC, electrical, and other building systems in commercial and industrial facilities, improving occupant comfort and operational continuity. The Quantum digital twin standard underpins the approach for autonomous systems, and the technology has demonstrated around 30% energy savings versus conventional controls. By scaling autonomous building controls across the built environment, PassiveLogic aims to unlock substantial energy efficiency gains and reduce overall energy consumption tied to buildings, a major global energy user. Founded in 2016, the company focuses on delivering high-impact sustainability solutions for real estate and infrastructure sectors.
mHUB
Non Equity Assistance in 2018
mHUB is an independent innovation center located in Chicago, Illinois, that specializes in hardtech and manufacturing. Incorporated in 2013, mHUB focuses on the development and manufacturing of physical products, including robotics, connected devices, sensors, energy technologies, medical devices, smart buildings, and unmanned vehicles. It serves as a collaborative space for startups and small businesses, fostering a community of over 428 active members, including product designers, engineers, and entrepreneurs. Since its launch in 2017, mHUB has facilitated the creation of more than 1,256 products, generated over $1.1 billion in revenue, and supported the hiring of more than 4,153 employees. The center provides essential resources such as funding, co-working space, and industry expertise, enabling innovators to transform their ideas into sustainable businesses and advance the manufacturing sector.
PassiveLogic
Grant in 2018
PassiveLogic develops autonomous building control systems that optimize energy use and simplify infrastructure management. Its platform employs physics-based digital twins, real-time system simulation, automatic commissioning, generative design tools, and edge-deployed intelligence to coordinate HVAC, electrical, and other building systems in commercial and industrial facilities, improving occupant comfort and operational continuity. The Quantum digital twin standard underpins the approach for autonomous systems, and the technology has demonstrated around 30% energy savings versus conventional controls. By scaling autonomous building controls across the built environment, PassiveLogic aims to unlock substantial energy efficiency gains and reduce overall energy consumption tied to buildings, a major global energy user. Founded in 2016, the company focuses on delivering high-impact sustainability solutions for real estate and infrastructure sectors.
SparkCognition
Grant in 2017
Founded in 2013, SparkCognition develops AI systems for various industries. It offers solutions like SparkPredict for predictive maintenance, DeepArmor for cybersecurity, DeepNLP for document analysis, Darwin for automated data science, and serves sectors such as oil & gas, aviation, defense, and finance.
Solstice Energy Solutions
Venture Round in 2017
Solstice Energy Solutions uses IoT and software to enable, connect, and intelligently manage the shared-economy of distributed energy resources in emerging markets. The company was founded in 2016 and is headquartered in San Francisco, California.