Deep Tech Fund 1 Newsletter — Q1 2022

New Investments

Since our last investor update, AV’s Deep Tech Fund 1 has continued to deploy capital, adding new companies and follow-ons across a diverse range of sectors, stages, and geographies. Learn more about these investments below.

• Aescape, a robotic massage platform automating soft tissue treatment using sensing systems and artificial intelligence (AI)
• Analog Inference, a company developing high-performance, low-demand semiconductors for AI hardware acceleration
• Breach Insured, a provider of insurance for digital assets allowing users to configure a single insurance policy for managing all their crypto risks
• Citrine, an AI-enabled platform combining machine learning and data management infrastructure for the material and chemical industries
• Constru, a construction management platform leveraging AI and computer-vision technology to identify construction errors and build progress
• GreenParkSports, a developer and publisher of mobile games and fan-forward digital experiences
• GRO Biosciences, a biotechnology firm combining synthetic biology and computational protein design to create reliable, once-weekly insulin injections for diabetes patients
• Groq, a technology company whose architecture-based chip better accommodates computation-intensive workloads
• Hayden AI, a smart cities platform working to improve safety, traffic flow, and urban mobility with mobile sensors and citizen-driven data
• Hedron (formerly Analytical Space), a company building a network of data relay satellites designed to solve connectivity problems faced by remote-sensing constellations
• Inkbit, a multi-material 3D printing company integrating machine vision systems and artificial intelligence to enhance reliability, throughput, precision, and material quality
• Mythic, a computational platform delivering the power of desktop GPUs in a single chip, allowing AI models to be run on edge devices
• Point One Navigation, a company leveraging pre-existing vehicle sensors and proprietary algorithms for precise positioning mapping systems
• Quilt Data, a data versioning hub integrated with Amazon’s S3 cloud to centralize data lakes, allowing for collaborative analysis and a historical ledger of data set versions
• Sepion Technologies, a company combining the latest in nanoscience, polymer chemistry, and cell engineering to deliver high-performance lithium-metal batteries
• ThreatWarrior, a cloud-native network threat intelligence platform that identifies and analyzes threats to digital networks, and offers protection in real-time
• Venus Aerospace, a company building hypersonic rocket engines and spaceplanes with the goal of developing a plane that can travel across the ocean in an hour
• Veralox Therapeutics, a company developing treatments for the underlying pathologies of thrombosis, type 1 diabetes, and other immune-mediated and inflammatory diseases
• Zendar, a company combining radar with AI and advanced signal processing to develop high-resolution imaging for autonomous vehicles and other applications
• ZeroAvia, an aviation company developing electric powertrains with hydrogen fuel cells to lower fuel and maintenance costs for flights

Follow-on Investments

• Cornelis Networks, an Intel spinout that designs and sells high-performance interconnects, which are vital network infrastructure for supercomputers
• Frore Systems, a company developing flexible micro electromechanical systems that improve the performance of computational chips and microprocessors
• Ursa Major Technologies, a company leveraging advanced manufacturing to optimize unique part creation for the emerging microsatellite and nanosatellite launch market

Investors: to learn about all the new additions to your portfolio, click the button below to log in to the Investor Portal.