Spinouts

Invention At Work

We’ve launched more than 15 new companies that have raised over $700M in venture funding. From next-generation nuclear, to metamaterials and blockchain, we take on hard problems in big markets.

Explore Our Spinouts

Our Spinouts

TerraPower

TerraPower is a leading nuclear innovation company that strives to improve the world through nuclear energy and science. TerraPower has emerged as an incubator and developer of ideas and technologies that offer energy independence, environmental sustainability, medical advancement, and other cutting-edge opportunities.

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LAUNCHED

2008

CEO

Chris Levesque

Kymeta

Kymeta’s satellite technology and services make it easy to bring connectivity to cars, planes, boats, and more, providing global access anywhere, anytime, while on the move. Kymeta was IV's first metamaterials-based spinout.

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LAUNCHED

2012

CEO

Marc Stolzman (Interim)

FUNDING RAISED

$217 Million

Evolv Technology

Evolv has developed an advanced threat detection system that combines powerful sensors, artificial intelligence, and human IQ to provide security for today’s increasingly dangerous world.

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LAUNCHED

2013

CEO

Michael Ellenbogen

FUNDING RAISED

$42 Million

Echodyne

Echodyne has created a new radar technology for autonomous machines and vehicles that offers all-weather, long-range, high-resolution imaging capabilities in a lightweight package.

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LAUNCHED

2014

CEO

Eben Frankenberg

FUNDING RAISED

$44 Million

Modern Electron

Modern Electron is developing a system to generate affordable, scalable, and reliable electricity for all. The company seeks to revolutionize the electricity industry via direct heat-to-electricity generation with advanced thermionic energy converters.

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LAUNCHED

2015

CEO

Tony Pan

FUNDING RAISED

$10 Million

Pivotal Commware

Pivotal Commware develops software-defined antennas and radios that use Holographic Beam Forming (HBF) to increase network speed, capacity, and spectral efficiency. Pivotal’s reconfigurable beams can follow mobile users in real time using the lowest cost, size, weight, and power consumption envelope available.

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LAUNCHED

2016

CEO

Brian Deutsch

FUNDING RAISED

$31 Million

Purposeful

Purposeful is a philanthropic tech startup working to inspire more generosity and charitable giving by connecting donors, charities, and their beneficiaries. Using innovative technologies and approaches, Purposeful will create a philanthropic marketplace that makes it faster, easier, and more gratifying to tackle humanity’s most pressing challenges.

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LAUNCHED

2017

CEO

Aaron Sparks

Lumotive

Lumotive is developing high-performance, solid-state LiDAR for the automotive industry. Lumotive’s revolutionary beam-steering technology is based on metamaterials principles and enables the system to provide high performance at a low cost.

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LAUNCHED

2017

CEO

Bill Colleran

EarthNow

EarthNow is developing a constellation of advanced imaging satellites to deliver continuous real-time video of the Earth enhanced by machine intelligence.

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LAUNCHED

2018

CEO

Russell Hannigan

Lexset

LexSet is developing an AI-powered tool for home interior design to allow customers to scan spaces and objects in their homes and receive guided style recommendations, design solutions, and assistance with assembly. 

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LAUNCHED

2018

CEO

Leslie Oliver Karpas

Carillon Technologies

Carillon is creating products and capabilities for U.S. government opportunities using metamaterials and other technologies. 

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LAUNCHED

2018

CEO

John Evans

What's Next?

Our ISF Incubator is working with passionate entrepreneurs to build our next generation of companies, including:

eQuility

  • eQuility is building non-drug technologies for modulating the body’s neural system. The company is bringing cutting-edge medical technology and research to a new, user-friendly and intelligent hardware and software platform. 

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