Anzu PartnersPromoted Three Business Services Team Members to Principal
Hi Anzu Partners Community,
This is Michael Burychka, Partner at Anzu Partners and Managing Partner of the North America University Innovations Fund. I want to highlight a milestone that sits especially close to the thesis behind our platform: Exyn Technologies is now public, with its common stock listed on Nasdaq under the ticker “EXYN.”
Exyn is exactly the kind of company the Longview–Anzu platform was built to back. As disclosed in its S-1, Exyn was founded in 2014 as a spin-out from the GRASP Laboratory at the University of Pennsylvania, led by Dr. Vijay Kumar, the Nemirovsky Family Dean of Penn’s School of Engineering and Applied Science. The Philadelphia-based company, under CEO Brandon Torres Declet, has spent the past decade turning that academic foundation into a commercial autonomy platform. Its proprietary Level 4B autonomy software (ExynAI) and modular Nexys mapping payload deliver real-time, survey-grade 3D mapping in GPS-denied environments such as underground mines, tunnels, complex infrastructure, and contested battlefields at roughly one-centimeter accuracy. Since 2016, ExynAI has logged thousands of fully autonomous flights across mining, construction, critical infrastructure, and defense customers globally.
Public disclosures over the past year point to the breadth of that traction. Exyn’s defense-focused subsidiary, Range, recently executed a Vendor Loan Agreement with U.S. Special Operations Commandto establish a pathway for future adoption of its autonomy systems, and partnered with Asylon Robotics to apply ExynAI to autonomous inspection programs at the U.S. Air Force’s Warner Robins Air Logistics Complex. On the commercial side, Exyn published a joint underground-mining case study with Canadian Royalties, announced a strategic collaboration with EY on mining solutions, and expanded its channel network across the U.S. (with Keystone Precision), Canada (with Measur), the U.K. and Ireland (with KOREC), and India (with SkyScout), with platform integrations onInspired Flight’s IF800 Tomcat and Trimble’s DA2 RTK. The S-1 reports $5.57M in 2024 revenue, up 22.3% year over year.
For those new to the Longview platform at Anzu, Longview Innovation joined the Anzu platform last June to create a dedicated capability for commercializing university and national-lab IP through the North America University Innovations Fund. Exyn — a Penn spin-out now trading on Nasdaq — is the latest – but not the last – example of the power of this joint platform.
Sincerely,
Michael Burychka, Partner, Anzu Partners & Managing Partner, North America University Innovations Fund
PORTFOLIO COMPANY UPDATES
GelSight Expanded its Modulus Platform with New High-Resolution Lenses and New 4.4 Software
GelSight, a pioneer in surface analysis technology, announced the launch of the High Resolution (HR) family of GelSight® Modulus™ lenses, consisting of two new 20mm optical lenses, the L2000HR (straight) and L2090HR (90-degree), designed to work with existing Modulus camera bodies. Together with the newly released GelSight® Mobile™ 4.4 software, the new lenses bring laboratory-grade surface and profile roughness measurement directly to the production floor, without requiring a new device.
The HR launch coincides with the release of GelSight® Mobile™ 4.4, which includes full support for the new roughness parameters alongside broader workflow improvements: guided animated calibration for Modulus sensors, enhanced offset output statistics, stacked routines in Operator mode, customizable PDF report templates, and PLY file export for interoperability with CAD and digital quality systems. Together, the HR Modulus hardware and GelSight Mobile 4.4 represent GelSight’s continued investment in a hardware-enabled software platform that adapts to new measurement missions at the speed inspectors need, without replacing the device already in their hands.
The MJSP program provides funding to support collaborations between businesses and educational institutions to train and upskill workers for high-demand industries. This award enables Niron Magnetics to build the specialized production, technical, maintenance, and safety capabilities required to operate at scale. The initiative also focuses on developing production and operations leadership to support multi-shift manufacturing and increasing operational complexity, while creating durable career pathways for its growing workforce.
XGS Energy Appointed Richard Chong as Chief Financial Officer
XGS Energy, a developer of next-generation geothermal power systems, announced the appointment of Richard Chong as Chief Financial Officer. Richard brings over 25 years of energy finance leadership, spanning public and private equity and credit, project finance, and strategic planning.
Richard joins XGS from Calpine Corporation, one of the largest independent power producers in the United States, where he served in financial leadership for nearly two decades, including most recently as Vice President of Finance.
6K Additive Appointed Manufacturing Veteran Brandon Davis as Chief Operating Officer
6K Additive, Inc. (ASX: 6KA)a leader in the domestic production of high-performance metal powders, announced the appointment of Brandon Davis as Chief Operating Officer. Davis, a high-impact manufacturing executive with over two decades of experience, will oversee the company’s global operations, including metal powder production and alloy additions.
In his new role, Davis will manage all 6K Additive facilities, including the company’s headquarters in Burgettstown, PA, as well as sites in Hayward, CA; Washington, MO; Red Lion, PA; New Castle, PA; and New Cumberland, WV. He will report directly to Frank Roberts, Chief Executive Officer of 6K Additive.
InterVenn Biosciences Appointed Industry Leaders Alec Ford and Mitch Levine to Board of Directors
InterVenn Biosciences, a life sciences company unlocking the value of glycoproteomics for the development of transformational healthcare solutions, announced the appointment of Alec Ford and Mitch Levine to the company’s Board of Directors. These strategic appointments come as InterVenn focuses on the next phase of its growth: advancing the commercialization of glycoproteomic diagnostics.
Alec Ford has over 30 years of experience in the genomics, pharmaceutical, and biotechnology industries, and has a proven track record driving commercial growth and performance for businesses in highly competitive and regulated biomedical markets. Mitch Levine is an accomplished finance and corporate strategist with extensive leadership experience in the biotechnology and diagnostics sectors. He is currently the Chief Executive Officer of Prenostics.
Anzu Partners Advanced Operational Depth with Three Business Services Promotions
Anzu recently announced the promotion of three team members to Principal across its business services teams:
Jennifer Ting, who leads fund accounting as a senior member of the Finance team
Rebecca (Becky) Chimwanda, who leads people operations for Anzu and its portfolio companies.
Kalyn Schieffer, who leads public relations and external communications for both Anzu Partners and its portfolio companies.
“Jennifer, Becky, and Kalyn have each made an exceptional contribution to what sets Anzu apart — a fully built-out business services platform that gives our portfolio companies access to deep operational expertise across finance, people, and communications,” said Cathryn Paine, Partner, Anzu Partners. “Not every venture capital firm is making this type of investment in its own platform, and we believe it makes a real difference for the founders and companies we back. These promotions reflect both their individual achievements and our continued commitment to supporting our companies as they scale.”
South 8 Technologies was featured in a GlobalSpec piece on the race to build cold weather batteries.
XGS Energy was featured in a CleanTechnica piece on how western states are furthering geothermal energy technology.
Xendee’s CTO Michael Stadler joined the Currents Podcast to discuss how microgrids are designed. Xendee was also featured in a Noah News piece on the evolution of microgrids.
6K Additive’s Bruce Bradshaw appeared on the 33DPQ Podcast to discuss the health of the AM industry.
MedCrypt’s VP of Regulatory Strategy, Naomi Schwartz offered her expertise on the FDAs timeline for cybersecurity improvements among medical device companies in an MD+DI video.
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ABOUT ANZU PARTNERS
Anzu Partners is an investment firm that focuses on industrial and life science technology companies with the potential to transform their industries. Anzu works with entrepreneurs to develop and commercialize technological innovations by providing capital alongside deep experience in business development, market positioning, intellectual property, global connectivity, and operations. For more information, please visit https://anzupartners. com/.
The information contained in this newsletter is being provided by Anzu Partners for informational purposes only. The information was obtained from various sources, but Anzu Partners cannot assure its accuracy. This is neither an offer to sell nor a solicitation for an offer to buy an interest in any fund managed by Anzu Partners. Any such offer or solicitation will only be made to qualified potential investors pursuant to a private placement memorandum. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.
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