AEye, a lidar startup that developed its technology for use in autonomous vehicles as well as to support advanced driver assistance systems in passenger cars, is going public through a merger with CF Finance Acquisition Corp. III that will value the company at $2 billion. Read TechCrunch article
Portfolio Exit: The Detection Group
We are excited to announce that The Detection Group (January 2015 Dinner) is now officially part of the Watts Water Technologies family of brands. The Detection Group offers a wireless remote water leak detection system for commercial and residential buildings and campuses.
Welcome to the Portfolio: Wordly - Language on Demand
Everything you say, translated on the fly. Powered by AI.
Communicate in Any Language: In-Person & Virtual Meetings, Webinars & Recorded Training, Large Conferences to 1-on-1.
With Wordly language on demand (https://wordly.ai), you can enhance mutual understanding during conferences, events, meetings or interviews with the content available in real-time, in multiple languages, by reading along or listening to the presentation or conversation. With Wordly, language is no longer a barrier to communication.
Portfolio Exit: ON24 Starts Trading As One Of The Oldest VC-Backed IPOs Of The Year
Our 16th Band IPO is ON24, Inc., called “News Direct” when we invested (June 1998 Dinner).
Shares of webcasting and virtual events platform ON24 began trading on the New York Stock Exchange on Wednesday, with its stock closing at $70.45, or nearly 41 percent above its IPO price. ON24 isn’t like many of the VC-backed companies going public nowadays: it’s been around for more than 20 years. The company was founded in 1998 and raised its Series A, which was led by Canaan Partners, in August 1999. Read the TechCrunch article
Welcome to the Portfolio: C. Light Technologies raises $2.5M seed round to commercialize first ever retinal eye-tracking device for neurodegenerative disease
C. Light Technologies, a Berkeley-based neurotech company pioneering the next generation of neurological health assessment tools using the first ever 10-second retinal eye-tracking scan for neurological disease, today announced the closing of their $2.5 million seed round. Their proprietary tracking technology, paired with advanced analytics, is poised to redefine the neurodegenerative space - providing new hope for millions of people worldwide. Read the press release