HP Tech Ventures 2021 Year in Review
Intel acquiring Screenovate for $150M
December 6, 2021
Reinventing the future – HP Tech Ventures partners with top European startup accelerator program TechFounders
January 13, 2022
2021 presented everyone with a new set of challenges and opportunities, and we’ve all had to adapt to new ways of living and doing business. That being said, we are endlessly proud of our partners and portfolio companies for their continued growth and evolution.
Each month brought us new partnerships, developments, and even podcasts, and we’re thrilled to share some here as we review our year.
It was a good year for our portfolio companies, some of them exiting, others raising new rounds and all continuing to grow their businesses and delight customers. Here are some of the main highlight of 2021.
Kornit Digital Acquires Voxel8, Expanding Additive Manufacturing Technology Portfolio for Next Generation of Sustainable On-Demand Textile Production
Kornit Digital, a market leader in digital textile production technologies, acquired Voxel8 to accelerate the execution of its 4.0 strategy and expand its portfolio for the next generation of sustainable on-demand textile production. Voxel8 tech enables the digital creation of unique designs and functional applications, reducing time and waste in the manufacturing process and building the operating system of sustainable fashion in demand.
Deep Instinct Closes $100 Million Series D New Funding to Fuel Hyper-Growth
Toward the beginning of the year, Deep Instinct received an impressive amount of funding from several investors, including BlackRock, Untitled Investments, and The Tudor Group. This Series D round is meant to fuel the company’s plans for hyper-growth in 2021 and beyond.
Israel-based dyeing system maker Twine Solutions raises $28 million
This funding round, led by Menora, Meitav Dash, and Analyst, is meant to accelerate global installations of Twine’s digital thread dyeing system, TS-1800 Gen2.
Help Lightning Raises $3M in Series A2 Funding
This funding round, led by Larsen & Toubro (L&T) with participation Engage, will assist Help Lightning invest in further acceleration and remote visual support.
Mojo Vision joined the 2021 Disney Accelerator Program
The 2021 Disney Accelerator offered innovative companies worldwide the chance to join in a three-month mentorship program and unique access to leadership at Disney. This year, Mojo Vision was selected to participate.
Mojo Vision crams its contact lens with AR display, processor, and wireless tech
Mojo Vision has made progress on its prototype contact lens and revealed a tiny AR display embedded in the lens. With that, Mojo aims to leapfrog the clunky headwear, and If successful, it could also help people with vision problems by outlining letters in text or making curb edged more visible.
Parsec disrupted Tribeca film festival
Tribeca film festival launched Tribeca Games to offer hybrid alternatives to in-person events. They did so by using Parsec’s remote desktop platform, which hosted more than 1000 sessions of playable demos for new games presented at the event.
SOSV names the 7 startups that make up MOX’s 10th cohort
VC firm SOSV announced the seven startups participating in their Mobile Only Accelerator (MOX) program. The startups were Wallet Engine, Betagged, BistroChat, Dastgyr, 24Seven.pk, Stack Finance, and Kiko TV.
SOSV and NJEDA to Bring HAX Accelerator to Newark to Accelerate ‘Tough Tech’ Companies and Newark’s Future as a Tech Hub
The New Jersey Economic Development Authority will form a new entity with SOSV to build a state-of-the-art new facility in Newark for the Newark HAX accelerator in a $50M project over five years. The program will focus on re-industrialization and decarbonization of U.S. healthcare, industrial, and climate tech.
BehaVR’s CenteredVR Eases Emotional Toll of COVID-19 on Healthcare Workers
After a year of high stress due to COVID-19, healthcare workers who used BehaVR’s CenteredVR reported a decrease in stress levels of an average of 34%.
BehaVR Announces NurtureVR, First Virtual Reality Program Aimed to Lower Stress, Anxiety and Fear for Pregnant Women, Now Suffering at Record Levels Due to Ongoing Pandemic
Using the neurological power of VR, BehaVR created NurtureVR to help expectant mothers with the stress and fear of pregnancy during a pandemic.
As we reach the end of 2021, it’s incredible to look back and see all that our partners and portfolio companies have accomplished. We look forward to seeing even more developments, partnerships, and breakthroughs in 2022!
In 2021, we also released our first podcast series, Reinventing the Future by HP Tech Ventures, in which we talked to start-up founders and entrepreneurs defining tomorrow’s world and experiences. We hope you enjoy our first three episodes and are looking forward to our next series in 2022.
