Hypertherm Ventures

Hypertherm Ventures is the corporate venture capital arm of Hypertherm Associates, a 100% employee-owned advanced manufacturing company headquartered near Dartmouth College in Hanover, New Hampshire, with more than 55 years of operating history and over 500 global patents serving customers in 60-plus countries. The venture arm was established in 2019 to globally scout and support early-stage companies commercializing technology within strategic manufacturing interest areas. The investment team has 3 members, including 2 partners located in the US and Germany. Hypertherm Ventures invests $250,000 to $500,000 in seed rounds and up to $3 million in later-stage investments, focusing on robotics and automation, machine learning and AI for manufacturing, industrial IoT, additive manufacturing and 3D printing, nanotechnology, and advanced materials. The portfolio of 7 investments includes Retrocausal (intelligence augmentation for shopfloor processes, Seed II round in November 2023 and the most recent investment), RIOS Intelligent Machines (robots for hard-to-automate tasks, Palo Alto), Mantle (3D metal printing technology, San Francisco), and Falkonry (Industrial AI for manufacturing and defense, which exited in August 2023). Hypertherm Ventures targets companies with leadership teams that have proven track records, products with strong value propositions, scalable business models, and customer engagements pointing to material market impact within two to seven years. The firm's deep manufacturing heritage — 500-plus patents, global customer relationships, and decades of process engineering — gives portfolio companies a credentialed operating partner that can validate technology, facilitate customer introductions, and help navigate the complexity of industrial commercialization.