DNX Ventures / US Fund

ICEYE has announced a $65M extension of our earlier growth funding round of $93M, announced in April 2024. The funding round extension included participation from funds managed by Solidium Oy, BlackRock, Seraphim Space, Plio Limited, and Christo Georgiev. The extension brings the total amount raised in 2024 to $158M. In total, ICEYE has raised over $500M to date. The financing will increase investment in further developing ICEYE’s leading SAR satellite constellation, its intelligence, surveillance, and reconnaissance (ISR) platform, and related systems. ICEYE continues to expand its ISR capabilities to serve a global customer base while further cementing its market-leading position in the new space ecosystem. Susan Repo, CFO at ICEYE, says: “This extension of our growth funding round further bolsters ICEYE’s investment in its capabilities and enables us to respond even better to the growing demand for space-based technology in the global defense and ISR markets.” Reima Rytsölä, CEO at Solidium, says: “Extending the growth funding to support ICEYE growth is well in line with our investment strategy. Our view is that ICEYE continues to have strong potential to grow to a nationally significant company and foster a completely new technology cluster in Finland.” Read more: https://hubs.li/Q03011Bj0

Congrats to Cofactr on their $17M Series A! Advanced hardware is transforming aerospace, defense, robotics, and medtech—but it all hinges on navigating complex electronics supply chains. Matthew Haber and Phillip Gulley are bringing clarity and efficiency to this supply chain, and we at DNX Ventures proud to continue to back their bold vision. Q Motiwala

𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗔𝗻𝗻𝗼𝘂𝗻𝗰𝗲𝗺𝗲𝗻𝘁: 𝗖𝗼𝗳𝗮𝗰𝘁𝗿 𝗥𝗮𝗶𝘀𝗲𝘀 $𝟏𝟕𝗠 𝗦𝗲𝗿𝗶𝗲𝘀 𝗔 𝘁𝗼 𝗦𝘁𝗿𝗲𝗮𝗺𝗹𝗶𝗻𝗲 𝗦𝘂𝗽𝗽𝗹𝘆 𝗖𝗵𝗮𝗶𝗻 In an exciting development for the hardware manufacturing industry, Cofactr has just secured $17.2M in Series A funding led by Bain Capital Ventures‎. This milestone brings their total funding to $28.8M, with participation from Y Combinator‎, Floating Point‎, Broom Ventures‎, and DNX Ventures‎. We want to give a huge thanks to our incredible customers—from aerospace pioneers, autonomous vehicles, consumer electronics to robotics innovators—who've trusted us to streamline their supply chain operations. Your challenges and successes have shaped our platform into what it is today. Co-founders Matthew Haber‎ and Phillip Gulley‎ developed Cofactr from a critical observation: hardware manufacturing needed to evolve as rapidly as software development. They're building the bridge between rapid innovation and regulatory compliance, helping companies stay agile and rigorous, and empowering these innovators to "Get to the Good Parts."  Special shoutout to our amazing team and partners who've made this possible. We're just getting started!  #supplychain #hardwaremanufacturing #seriesA

Thank you DNX Ventures for inviting our COO, Uma Subramanian, to join your climate panel. Japanese investors like #suzuki #eneos and #mitsuitchemical are a huge part of our growth story. #FutureOfTransit #BestWayToMovePeople #Glydways

Connecting Data, Driving Innovation at DNX Day 2024 🌐 Entrepreneurs, industry leaders, and VCs gathered for an inspiring day of learning, networking, and collaboration at DNX Day 2024. Saison Technology International (HULFT) is honored to have participated in this incredible event! Our CEO, Masa (Masahiro) Maruyama, shared how alliances with AI and SaaS startups and the incorporation of cutting-edge technologies enable us to support businesses in achieving success in today’s data-driven world. Here are some additional highlights from the event: - Kevin Mandia, CEO of Mandiant (part of Google Cloud), delivered a powerful keynote on the state of cybersecurity and Mandiant's inspiring journey to acquisition. - A panel led by Richard (Rickie) Koo explored the transformative potential of AI in advisory and audit with insights from Tyler J. Gasperlin (Moss Adams) and Chris Szymansky (Fieldguide). - Sounil Yu(Knostic) introduced a groundbreaking paradigm for knowledge security in the AI era. - A deep tech and climate tech discussion led by Rajesh Swaminathan (Khosla Ventures) offered invaluable advice for startups aiming to make a global impact. - Matt Trotter (Stifel Bank) shared a cautiously optimistic outlook for venture funding in 2025. - A thought-provoking session on AI-ready data was moderated by Eva Nahari, featuring industry leaders like Dan Bennett (S&P Global) and Amr Awadallah (Vectara). Through strategic partnerships and incorporation of advanced technologies into our products and services, we remain committed to driving meaningful innovation and value creation. A special thanks to the DNX Ventures team for organizing such a transformative experience!

Not sure what I said that made Amr Awadallah laugh but it must have been clever 😃 Thank you DNX Ventures and Eva Nahari for the opportunity to discuss GenAI adoption and our investments in AI Ready Data at DNX Day.

Thank you Q Motiwala Eva Nahari and DNX Ventures for the opportunity to present on enterprise strategy in climate tech at the DNX EAB day. It was an incredible day filled with discussions and learning from some of the smartest people doing incredible things. #climatetech #strategy Eunomia Research & Consulting

Just wrapped up an incredibly insightful two days at a conference organized by DNX Ventures and executive advisory board (EAB) meetings. The discussions were rich, spanning the current state of VC investments, enterprise adoption of generative AI, the potential and challenges of AI applications, and crucial conversations around AI safety, cybersecurity, and climate tech. We also explored new paradigms shaping the next era of AI, which sparked some truly forward-thinking conversations. A big thank you to DNX Ventures and Eva Nahari for bringing together such a dynamic group and to all the EAB members and attendees for the engaging and thought-provoking discussions. It was inspiring to connect with and learn from so many passionate and innovative individuals. Looking forward to seeing how these insights shape our collective future! #VentureCapital #DeepTech #ArtificialIntelligence #GenAI #DataAndAI #Innovation Kathleen deValk

Entrepreneurs, industry leaders, and VCs gathered for a day of relationship building and learning at DNX Day 2024. We cannot thank our incredible speakers, sponsors, and attendees who came together to make this event successful enough. Here are the highlights from the day: Kevin Mandia, Mandiant (part of Google Cloud) CEO, opened the day with a keynote on the state of cybersecurity and history of Mandiant, which was eventually bought by Google for $4.5B. DNX's Richard (Rickie) Koo, moderated a conversation with Tyler J. Gasperlin, Moss Adams Senior Innovation Manager, and Chris Szymansky, Fieldguide CTO & Co-Founder, on the applications of AI in advisory and audit. They spoke on challenges including risk and compliance, impact on the human workforce, and vertical application building. Sounil Yu, Knostic CTO & Co-Founder, shared a new paradigm for thinking about data and security in the AI era, knowledge security. Rajesh Swaminathan, Khosla Ventures Partner, led a discussion with Zheng Li, Li Industries CEO & Co-founder, and Uma Subramanian, Glydways COO, about building impactful deep tech and climate tech solutions. Key insights included the importance of being heads down, focused on development, and strategically lining up commercial deals, investors, government grants. Matt Trotter, Stifel Bank Managing Director, Venture Banking, shared insights on the state of venture funding markets in 2024 and optimism for 2025. Masa (Masahiro) Maruyama, Saison Technology International (HULFT) CEO, explained how alliance with startups helps them achieve their mission to connect the world’s data and make it useful for everyone. DNX's Eva Nahari, discussed the importance of AI-ready data with Dan Bennett, S&P Global Commodity Insights Head of Technology & Data, and Amr Awadallah, Vectara CEO. They tackled the questions: is generative AI taking off beyond just incremental impact, and how can enterprises realize ROI? And the day finished with happy hour and specialty wine provided by SVB. We already can't wait for next year! Mitch Kitamura, Hironobu Maeda, Q Motiwala, Kris Harms, Yoshimi Nomura, Wesley H. Yee, Kan Notoya, Emma Tenghsuan C., Lucas Leaman, Sudeshna Mukerji, Riyuko T., Deidre Foley, Lauren Shoemaker

Halloween just got spookier! Ghost Security 👻 launches Reaper, an open-source security game-changer powered by Agentic AI. Proud to back this breakthrough! Learn more: ghostsecurity.com