January 2023 portfolio round-up

As January comes to a close, we’re excited to share three announcements from our portfolio companies:

Exo recognized for Exo Works™

In March 2022, the company launched Exo Works™, a point-of-care ultrasound workflow solution enabling providers to spend less time on documentation and more time with patients. 

“Physicians have historically been bogged down by tedious administration work and inefficient workflows. We designed Exo Works with physicians and patients at the forefront so that exam documentation is now a breeze,” said Sandeep Akkaraju, CEO and co-founder of Exo. “The entire Exo team is honored to be recognized by the BIG Innovation Awards as we continue our mission to bring medical imaging everywhere.”

The award, presented by the Big Intelligence Group (BIG), recognizes Exo Works™ as an intelligent and intuitive solution. 

Read more on Exo’s website

Visolis closes seed round

The company’s recently closed seed round, led by BlueYard Captial, brings its total funding to $8 million. 

“Everyone fundamentally believes that biomanufacturing is going to change the world in the next 30 to 50 years. We need to be making everything using biology and using biological materials,” thinks [CEO, Deepak] Dugar. “But how do we get there? Only companies which can survive the next 5-10 years and grow business, grow revenue, and capture large parts of the marketplace will be able to be in a position where they can deliver on that vision.”

Visolis continues to use biomanufacturing to create carbon-negative materials. 

Read more on Forbes.

Creative Ventures joins Relectrify as a new investor

The company plans to use additional funding to accelerate the adoption of its technology by manufacturers of battery energy storage systems in residential, commercial & industrial and grid applications in global markets.

“Robust energy storage solutions are key to reaching net zero.” said Lisa Coca, Climate Fund partner at Toyota Ventures. “Relectrify’s unique cell-level battery control technology has the potential to unlock significant cost, lifetime, safety and resilience benefits for battery systems, whether they are repurposed EV batteries or new stationary energy storage systems. We look forward to supporting the team as they contribute to decarbonization by reinventing the battery management system and inverter technology.”

Read more on Relectrify’s website.

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