Eclipse Ventures

Canvas Category Consultancy : Company : Venture Capital


Primary Location Palo Alto, California, United States

Our essential industries must evolve to thrive in the digital age. Eclipse Ventures helps entrepreneurs build companies to boldly transform the industries that define and propel economies.

Assembly Line

Circular Announces $10.5M in Funding to Scale First-of-its-Kind Platform for Sourcing Recycled Materials

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Circular, Eclipse Ventures, the leading sustainable sourcing platform, secured $10.5M to expand its massive database of post-consumer recycled (PCR) materials and its accompanying platform that streamlines buying and selling of PCR materials. The financing includes a new $5.3M round, backed by Maniv, Oxygea, and Eclipse, which followed a $5.2M seed round previously led by Eclipse. Circular will use the funding to grow its team, expand to additional sustainable materials, continue to add more companies and suppliers, and deepen the scale and functionality of its platform.

Circular provides access to over 9,000 global suppliers with over 50,000 PCR technical records codified using artificial intelligence (AI), including details such as price, specs, and volume of materials, and supplier certifications. Its extensive database brings visibility and transparency to an – until now – disjointed, opaque, and illiquid industry. Circular handles the searching, sourcing, vetting, and onboarding process for its customers, with results in days compared to months or even years, using analog methods.

Read more at Business Wire

Chip startup Efficient Computer raises $16 million led by Eclipse

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Efficient Computer, Eclipse Ventures, Carnegie Mellon

Chip startup Efficient Computer said on Thursday it had raised $16 million in a seed funding round led by Silicon Valley venture capital firm Eclipse to help fund work on its low-power chip designs. Pittsburgh-based Efficient developed a new design, or architecture, for its chips that focuses on producing processors that use the least possible amount of energy. Called Fabric, the architecture was developed by Efficient’s founding team over seven years at Carnegie Mellon University.

Efficient has built a test chip called Monza and plans to use the funding help with research and development, and go-to-market to begin to sell chips. The company will market the chips to customers in industries such as health devices, civil infrastructure monitoring, satellites, defense and security. Devices running on chips that use a tiny amount of power will last longer in the field without the need for replacement power.

Read more at Reuters

Ursa Major Raises $138 Million to Introduce Solid Rocket Motor Line and Scale Rocket Propulsion for Space and Hypersonic Applications

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🔖 Topics: Funding Event

🏢 Organizations: Ursa Major, Eclipse Ventures, Raytheon

Ursa Major, America’s leading privately funded company focused solely on rocket propulsion, today announced that it closed $138 million in its Series D and D-1 funding rounds. The investments were led by Explorer 1 Fund and Eclipse, and include RTX Ventures, funds and accounts managed by BlackRock, Exor Ventures, Mack & Co., LLC, XN, and other institutional shareholders.

With this investment, Ursa Major will continue to develop Lynx, the company’s innovative new solid rocket motor (SRM) program, while scaling production capacity and advancing multiple propulsion programs. While the initial Series D round was completed earlier in the year, Ursa Major extended fundraising to include a Series D-1 round due to strong interest in accelerating development on several future programs.

Read more at PR Newswire

Robotics offers route for US manufacturing renaissance

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✍️ Author: Patrick McGee

🏢 Organizations: Eclipse Ventures, Agility Robotics, Instrumental, Fictiv, VulcanForms

“The US is not going to build the same type of manufacturing China has built for the last four decades,” says Lior Susan, partner at Eclipse Ventures, which backs physical industries at the forefront of what it describes as the next industrial revolution. Venture capital, however, still flows overwhelmingly into software, IT and cloud infrastructure, and fintech, rather than heavy-duty machinery and automation. According to advisers EY, just 2 per cent of $44bn raised by VCs in the first quarter of 2023 went to industrials.

Read more at Financial Times

AI-Powered Voxel Secures $30M to Shield Industrial Workers

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🔖 Topics: Funding Event

🏢 Organizations: Voxel, Rite-Hite, Eclipse Ventures

In a recent milestone, Voxel secured a game-changing $12 million strategic funding round, led by manufacturing powerhouse Rite-Hite. Esteemed participants include Eclipse Ventures, the visionary backers of Forsight Robotics and Decentriq, alongside Mtech. This infusion propels Voxel’s total funding to a substantial $30 million.

Enter a new era, where artificial intelligence pioneers change in the realm of environment, health, and safety (EHS) within industrial domains. The vanguard of this transformation is Voxel, a California-based AI startup poised to reshape workplace safety and operations using the marvel of computer vision.

Read more at Tech News 180

🏗️ Augmenta Raises US$11.75 Million in Seed Extension to Disrupt the Construction Industry Through Automated Building Design

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🔖 Topics: Funding Event

🏢 Organizations: Augmenta, Eclipse Ventures

Augmenta, the company automating building design for the construction industry, today announced it has raised US$11.75 million in a seed extension round that will be used to commercialize the company’s groundbreaking design platform for the construction industry. The investment was led by Eclipse with participation from Hazelview Ventures, BDC Capital’s Deep Tech Venture Fund, and Suffolk Technologies. The investment brings Augmenta’s total funds raised to date to US$15.85 million.

Augmenta is on track to commercialize the Electrical System Design (ESD) module of its groundbreaking Augmenta Construction Platform (ACP) in Q1 2024. The ESD module generates fully constructible, code-compliant designs of electrical raceway routing for electrical engineers and contractors. The company is also planning to expand into adjacent markets with the development of plumbing and mechanical modules.

Read more at Business Wire

Micro-fulfillment center automation startup Fulfil Solutions gains $60 million in funding

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🔖 Topics: Funding Event

🏢 Organizations: Fulfil Solutions, Eclipse Ventures, Khosla Ventures, DCVC

Fulfil Solutions announced today that it has emerged from stealth, with a B funding round of $60 million, and touting its robotic solution for grocery micro-fulfillment centers (MFCs), which it adds can be implemented in way that makes MFCs profitable. The $60 million Series B round of funding led by Eclipse with participation from Khosla Ventures and DCVC.

Read more at Modern Materials Handling

Bright Machines Raises $132M in New Funding to Expand Intelligent Automation in Manufacturing

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🔖 Topics: Funding Event

🏢 Organizations: Bright Machines, Eclipse Ventures, Silicon Valley Bank

Bright Machines, an innovator in software-defined manufacturing, announced today $132M in debt and Series B equity funding. The equity portion of the funding, worth $100M, was led by Eclipse Ventures. The debt portion of the funding, worth $32M, was led by Silicon Valley Bank (NASDAQ: SIVB) and Hercules Capital, Inc. (NYSE: HTGC). Bright Machines intends to use the funds to accelerate the company’s growth, which includes continued expansion into high-demand industry verticals, and the development of new software and service offerings to complement its existing portfolio of products. This round of funding brings the total raised by Bright Machines to $330M since the company’s founding in 2018.

In addition to refining and extending the capabilities of its flagship product, the Bright Machines Microfactory, the company plans to use the funds to accelerate its Brightware software roadmap, expand its service offerings, strengthen its partner network, and grow its installed base of customers. It will also unveil an Integration Hub in Guadalajara, Mexico, later this year and a U.S. based Customer Experience Center in San Francisco in early 2023.

Read more at Businesswire

Foxglove's $15M Series A and the Missing Data Stack for Robotics

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Foxglove, Eclipse Ventures

I’m happy to announce our $15M Series A funding led by Eclipse Ventures. It’s an exciting time for Foxglove – thousands of robotics engineers use our software, and our user base has grown by over 8x in the past 12 months alone! But before we jump into details, I want to spend a minute reflecting on our mission and why it is so important.

Foxglove is building the data stack for robotics. Our platform combines open-source robot logging, data lake management, and visualization to streamline common robotics development workflows, increase collaboration, and ultimately help companies get robots to market faster. Our products are used by thousands of engineers, product managers, and operations teams, and we’re transforming development at some of the top companies across a range of industries, from autonomous vehicles (NVIDIA), logistics (6 River Systems), and autonomous forklifts (Third Wave Automation), to lawn mowing, sidewalk delivery, undersea exploration, fulfillment, and defense.

Read more at Foxglove Blog

Tackling Problems of Significance in Physical Industries

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✍️ Author: Seth Winterroth

🔖 Topics: XaaS

🏢 Organizations: Eclipse Ventures, Silicon Valley Bank

The Eclipse team has partnered with Silicon Valley Bank (SVB) and put out a report, The State of HaaS, detailing critical metrics specific to companies in the physical industries space. In aggregate, we reported data from over 400+ surveyed startups that are active commercially, mapping out the steps necessary to create a strong foundation upon which physical industry companies can build successful businesses.

The foundation for building a successful business in physical world industries begins with an end-to-end evaluation of your systems, operations, contracts, lead time efficiency, sales cadence, and overall reliability. Keeping these metrics in mind early when building an industrial tech company will help you lay a strong foundation from which the business can scale efficiently. For example, does the system you’ve built have reasonable ROI? Does your operating margin improve as you deploy in greater volume, or do deployment costs scale linearly with revenue? How efficient are your procurement processes and vendor lead times? Have you built the infrastructure that enables efficient remote diagnostics and customer support? These are just some questions to ask when building a compelling, agile business that can bring value to the physical industry space.

Read more at Eclipse Ventures Blog

VulcanForms Announces Capital Raise of $355 Million and Pioneers Industrial-Scale Digital Manufacturing Infrastructure

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🔖 Topics: Funding Event

🏢 Organizations: VulcanForms, Eclipse Ventures

VulcanForms, a MIT-born company that builds and operates advanced digital manufacturing infrastructure, announced today it has raised $355 million and is valued at over $1 billion. VulcanForms’ investors include Eclipse Ventures, Stata Venture Partners, Fontinalis Partners, D1 Capital Partners, Standard Investments, Atlas Innovate, Boston Seed Capital, Industry Ventures, and the Simkins Family. The company also revealed its first two digital production facilities, in Devens, MA and Newburyport, MA, capturing the full value chain for precision metal components and assemblies.

VulcanForms’ customers include leading companies in the aviation, space, defense, medical, semiconductor, and other critical industries. For instance, the company supplies over a dozen U.S. Department of Defense programs, including the F35 Joint Strike Fighter and Patriot Air Defense System, has delivered thousands of components for the semiconductor industry, and is enabling innovation in medical implants. By combining its breakthrough technology, a data- and simulation-based digital thread, and operational excellence, VulcanForms’ integrated approach allows its customers to innovate faster and produce more without the need to make major capital investments and implement new manufacturing technologies from scratch.

Read more at Businesswire

Instrumental Inc. raises $20M to close the loop on $1 Trillion of economic waste in electronics manufacturing

📅 Date:

🔖 Topics: funding event

🏢 Organizations: Instrumental, Eclipse Ventures

Instrumental Inc., creator of the manufacturing optimization software category, has secured $20 million in Series B financing to accelerate development of its manufacturing optimization platform. This first-of-its-kind solution enables hardware teams to accelerate time to market, reduce rework, derisk ramp, and increase yields by providing unprecedented real time remote visibility into assembly and product data.

Read more at Instrumental Resources