6 new companies, $180m+ raised in follow-on funding, and 2 exits.
As we step into 2025, we want to take a moment to reflect on 2024 and the journey we’ve shared since our launch at the beginning of 2015. At Hyperplane, we set out with a clear thesis: to invest in applied AI companies tackling the toughest challenges in the enterprise and industrial sectors—areas that excite our passions and leverage our expertise. As firsthand entrepreneurs and operators, we remain business builders at heart and passionately partner with founders at the earliest stages to help them build enduring businesses.
Over the past decade, we’ve incubated and partnered with visionary founders since the earliest stages building vertical AI companies across various industries. These include manufacturing and logistics with Tive and MachineMetrics; Physical AI with Pickle Robot and Butlr; agriculture with GreenEye Technologies and Farmblox; gaming with Modulate and Mudstack; digital health and life sciences with Elucidata and MedEssist; maritime and autonomy with ShipIn and iSee; product and program management with AllStacks and Integrate; and many others.
Since inception, we have deployed over $100 million across 72 companies – including six new investments in 2024 – with a disciplined approach to our thesis and strategy. Last year, our portfolio companies achieved significant commercial milestones, collectively raising over $180 million in follow-on capital and contributing to more than $1 billion in total follow-on funding since our launch. We also celebrated our 18th exit in 2024, bringing our total exit value to over $825 million. These achievements reflect the dedication of the extraordinary founders we’re privileged to partner with and the exceptional products they build.
Beyond the numbers, our culture and community remain at the heart of everything we do. In recent years, we have been thrilled to extend our Hyperplane family to include vibrant communities in Austin, Atlanta, New York City, San Francisco, Seattle, and Toronto.
We were also honored to be recognized for our contributions to our community and investing. Vivjan and Samara were among the “52 Most Important VCs in Boston” (Press Release). Vivjan was named one of the “Ten Important Humans Behind Boston’s AI Revolution” (Press Release). In addition to these accolades, Vivjan joined the Board of Trustees at the Massachusetts Technology Leadership Council (Press Release).
As we look ahead, we are excited to leverage our decade of experience to invest in and support the next generation of AI-native companies. Here’s to the founders, teams, and innovations that will define the next decade. Thank you for being part of our journey.
With gratitude,
The Hyperplane Team
NEW INVESTMENTS
Cephable, a Boston-based AI platform for accessibility in gaming and enterprise, raised a $4.6M Series Seed co-led by Hyperplane, Founder Collective, and Triple Impact Capital. Cephable has already made significant strides within the industry. Its partnerships with major organizations including Microsoft, Qualcomm, HP, Lenovo, Intel, and Accenture. The company’s software is available across multiple platforms, including Windows, MacOS, iOS, and Android, and can be integrated with Cephable’s SDKs into games, web apps, mobile apps, and more. Press Release
Farmblox, a Boston-based agriculture technology company building a full-stack solution to automate, monitor, and simulate farm operations, closed a $2.5M Series Seed round led by Hyperplane with participation from Slow Ventures and MHS Capital. Since launching in January 2023, Farmblox has bootstrapped its way to 55 live customers, covering more than 14,000 acres across the US and Canada. Farmblox’s farm automation platform has grown 10X in the last year, now offering farmers detailed data on soil moisture, soil CO2, soil temperature, leak detection, tank and silo levels, ambient temperatures, freeze risk, water usage, irrigation pressure, pump conditions, and weather conditions. Press Release
PORTFOLIO HIGHLIGHTS
Tive, a Boston-based logistics and supply chain company, raised a $40M Series C financing led by SageView Capital and WiL, with participation from AVP, RRE Ventures, Two Sigma Ventures, Qualcomm Ventures, Supply Chain Ventures, and Sorenson Capital. In 2024, Tive crossed 800 customers—across the world’s largest industries, including life sciences and pharmaceuticals, transportation and logistics, and food and beverage. Hyperplane co-led the company’s pre-seed round. Press Release
Allstacks, a Raleigh, North Carolina-based software engineering intelligence company, raised a $10M Series A led by M12, Microsoft’s venture arm, and Quadri Ventures, with participation from Hyperplane, Companyon Ventures, and S3 Ventures. Hyperplane led the company’s seed round. Press Release
Butlr, a Silicon Valley-based physical space analytics company, closed a $38M Series B round led by Foundry, with participation from Hyperplane, Tectonic Ventures, E14, Qualcomm Ventures, and Analog Devices founder Ray Stata. Butlr’s solution is now used by some of the world’s largest employers, hospitality companies, retailers, and senior living communities to identify patterns and behaviors that inform decisions about real estate investment planning, asset management, occupancy, health, and energy efficiency. Companies including Qualcomm, 9solutions, Carrier, Shell Point, and Verizon choose Butlr to support their businesses. Hyperplane led the company’s seed round. Press Release
GreenEye, a Tel-Aviv and Toronto-based agriculture technology company developing an AI precision spraying platform to reduce herbicide and pesticide use, closed a $20M financing round led by Tel Aviv-based Deep Insight with participation from Syngenta, Koch Industries, and others. GreenEye had a landmark year in 2024, growing 5x in revenue and having customers deployed in eight states across the U.S. The company’s end-of-year data revealed its customers achieved an 87% average reduction in non-residual herbicide, translating to typical cost savings of $25 to $35 per acre, making GreenEye a leader in the space. Hyperplane participated in the company pre-seed and seed rounds. Press Release
Indico, a Boston-based automation platform for accelerating document-based workflows, raised a $19M financing round led by .406 Ventures, with participation from Guidewire and existing investors Jump Capital and Osage Venture Partners. Hyperplane participated in the company’s pre-seed round. Press Release
Mudstack, an Atlanta-based asset management platform for game developers, raised a $4M Series Seed led by Anthos Capital with participation from Hyperplane, Khosla Ventures, Andreessen Horowitz, and Pioneer Square Labs. In addition to signing its first two large enterprise customers, Metacore and Paradox Studios, Mudstack announced James Gwertzman joined the company as its CEO. Gwertzman previously served as a partner for game investments at Andreessen Horowitz, and was the CEO of Playfab, a backend services company that he sold to Microsoft. Hyperplane led the company’s pre-seed round. Press Release
Numerated, a Boston-based loan origination platform for financial institutions, was acquired by Moody’s. Hyperplane participated in the company’s seed round. Press Release
NWO.ai, a New York City-based AI-driven consumer intelligence company, was acquired by Nax Group. Hyperplane led the company’s seed round. Press Release
Pickle Robot, a Cambridge, Massachusetts-based Physical AI automation system that unloads trucks, raised a $50M Series B led by One Madison Group with participation from Hyperplane, Third Kind Venture Capital, and Catapult. The round included strategic customer investors Teradyne Robotics Ventures, Toyota Ventures, and Ranpak. To date, Pickle Robots have unloaded over 10 million pounds of merchandise from import containers and domestic floor-loaded trailers for customers that distribute footwear, apparel, power tools, toys, kitchenware, packaging materials, small appliances, and other general merchandise. Hyperplane led the company’s seed round. Press Release