EARLY STAGE VENTURE CAPITAL

 

WHO

WE ARE

At Idealabx, we invest in early-stage startups that are solving big problems in the world in Energy, AI, Mobility, and Advanced Manufacturing.

ENERGY
AI
MOBILITY
ADVANCED MANUFACTURING
 

OUR

COMPANIES

We co-create with our portfolio companies to ensure their long-term success.

 

OUR 

PARTNERS

Idealab Studio and Idealab NY are technology incubators: they are businesses designed to create businesses, with shared resources for company creation.

 

Idealab_Studio_logo.png

THE

TEAM

We love what we do.

 

 

FUN

FACTS

16

AMAZING COMPANIES

$364M

MONEY
RAISED

191

FOUNDERS & EMPLOYEES

22894

CUPS OF COFFEE
 

NEWS

Carbon Capture Inc. Closes $35 Million Series A Funding From Prime Movers Lab, Rio Tinto, Idealab Studio, and Time Ventures

Yahoo! Finance - October 19, 2021

Carbon Capture Inc. (CarbonCapture), a climate tech company that makes machines that remove CO2 directly from the atmosphere, today announced the closing of a $35 million Series A funding round and the appointment of Adrian Corless as CEO. Learn more

Monetize360 Secures 3.2M Seed Round Investment

PRWeb - October 4, 2021

Monetize360, which delivers dynamic pricing and billing solutions to sales and billing departments, today announced it has closed $3.2M in seed financing. Monetize360 simplifies and accelerates the implementation of pricing and billing automation for any scenario regardless of complexity, ranging from simple subscription models all the way to granular usage-based models. Learn more

Renewable Storage Firm Energy Vault Reaches $1.6 Billion SPAC Deal to Go Public

The Wall Street Journal - September 8, 2021

Energy Vault Inc. is combining with a blank-check company to go public in a merger that values the gravity-based energy-storage company at roughly $1.6 billion, the companies said. Learn more

SoftBank-backed storage developer Energy Vault raises $100 mln

Reuters - August 24, 2021

Energy Vault, a developer of utility-scale battery storage technology backed by SoftBank Group Corp (9984.T) and the venture arm of Saudi Aramco (2222.SE), has raised $100 million in a funding round, its chief executive told Reuters on Tuesday. Learn more

Heliogen And Bloom Energy Agreement Signals The Start Of The Hydrogen Age

Forbes - July 22, 2021

Today, Heliogen and Bloom Energy (BE) announced a partnership to produce “green hydrogen” – a powerful industrial energy source – using only concentrated solar power and water. Learn more

Concentrated Solar Power Firm Heliogen to Go Public in $2 Billion SPAC Merger

The Wall Street Journal - July 6, 2021

Heliogen Inc. is merging with a special-purpose acquisition company to go public in a combination that values the concentrated solar power company at about $2 billion, the companies said. Learn more

How Mirrors Could Power the Planet... and Prevent Wars

Freethink - June 19, 2021

When most people think of solar power, they picture rows and rows of photovoltaic solar panels on the roof of a building. But photovoltaic power is terribly inefficient — the mining and refining of the elements required for daily human life are incredibly costly to the environment.

Learn more

Solar concentration startup Heliogen basks in $108M of new funding

TechCrunch - June 15, 2021

Sunlight is a great source of energy, but it rarely gets hot enough to fry an egg, let alone melt steel. Heliogen aims to change that with its high-tech concentrated solar technique, and has raised more than a hundred million dollars to test its 1,000-degree solar furnace at a few participating mines and refineries. Learn more

Magnite Partners with tvScientific to Woo Performance Marketers to CTV

Ad Age - June 9, 2021

The goal of the new partnership is combining Magnite's relationship with CTV publishers with tvScientific's focus on attribution, to give direct-to-consumer and other direct response brands a clearer path to advertising in CTV. Learn more

ArcelorMittal : Initial $10 million investment part of broader partnership established with Heliogen (Form 6-K)

Market Screener - June 8, 2021

ArcelorMittal ('the Company') today announces the completion of its first XCarb™ innovation fund investment since launching the initiative in March 2021. The Company has invested an initial $10 million in Heliogen, a renewable energy technology company which focuses on 'unlocking the power of sunlight to replace fossil fuels'. Learn more

Saudi Aramco Energy Ventures Invests in Energy Vault

Business Wire - June 2, 2021

Energy Vault, the creator of renewable energy storage products that are transforming the world’s approach to utility-scale energy storage for grid resiliency, today announced new investment from Saudi Aramco Energy Ventures (SAEV), the strategic technology venturing program of global integrated energy and chemicals company Aramco (TADAWUL: SAUDI ARAMCO). Learn more

This Bill Gates-backed startup will soon help power a giant mine

CNN Business - March 24, 2021

In a bid to bring carbon-free power to heavy industry, Heliogen announced Wednesday that mining behemoth Rio Tinto plans to deploy the startup's breakthrough solar technology at California's largest open pit mine, located in Boron. Learn more

Gravity power? How to store wind, solar energy without batteries

CBC - March 4, 2021

One of the challenges in the shift to clean energy is that wind and solar power generation produces electricity only when the wind is blowing and the sun is shining, which doesn't necessarily coincide with when we need the most electricity. Learn more

Technological revolution to power miners in shift from fossil fuels

The Australian - March 2, 2021

Giant batteries made of bricks, electric jumbos and underground mines that don’t need ventilation are just some of the technological revolutions on offer as a group of major Australian mining companies put their heads together to plot a major revolution in the way mining is done and help wean Australian mines off diesel and other fossil fuels forever.

Learn more

10 start-ups powering the future of energy

Siliconrepublic - February 18, 2021

From hydrogen to hydropower, and from offshore solar farms to heat storage, these incredibly innovative start-ups are coming up with remarkable ideas to power our future.

Learn more

Why clean energy’s future may depend on molten salt, trains, and cranes

Fortune - February 16, 2021

In an effort to make renewable energy more reliable, one company wants to send trains carrying tons of rocks up and down a hill. Another wants to use cranes to stack and unstack heavy blocks. Learn more

How to store power in soil

and salt

BBC - February 8, 2021

Giant towers of building blocks rising into the sky and huge vats packed with volcanic rock or molten salt are being used as massive batteries. They are the latest ideas for storing energy generated by the sun and the wind – so you can keep the lights on when it’s dark or the wind isn’t blowing. Learn more

2021 Honorees: Julian Laval and Ali Imani, Cofounders of Center Health

Forbes - 2021

Julian Laval and Ali Imani founded diabetes device and management company Center Health in 2017 to make glucose monitors that connect to a smartphone and work with an app. Center Health raised $4 million from Fuel Capital, Sequoia Scouts, Luma Launch, IdeaLabX, and has 10,000 customers. Learn more

2021 Honoree: Easton LaChappelle, Founder of Unlimited Tomorrow

Forbes - 2021

Prosthetics can be expensive, which is why Unlimited Tomorrow is using 3D-printing and scanning to drive down costs. The direct-to-consumer company sells personalized robotic arms for $7,995. Founder and CEO LaChapelle has raised $6.2 million to scale up the company. Learn more

Industry, Powered By The Sun: Heliogen HelioHeat

Time - November 19, 2020

Creating the tons of steel and concrete we use to build our world requires a massive amount of heat—and most of it comes from burning dirty fossil fuels. HelioHeat cleans up that process by using the power of the sun. Learn more

From a bra to a booth: learn the story of Eva, the device that detects breast cancer early

Entrepreneur - October 19, 2020

Eva Center is a booth that will be located in shopping malls around the Mexican Republic, the women will be received by a doctor, who will be in charge of entering them inside the booth and in complete privacy they can perform the study alone. Learn more

At the SolarPACES Conference, Heliogen Introduces Solar Heat

at 1 cent/kWh

Solar Paces - October 13, 2020

In his plenary presentation at the conference, Gross broke the news that Heliogen will be even more competitive than this, delivering heat at just 1 cent per kWh. (Nuclear averages 3 cents and natural gas in the US, with the world’s lowest gas prices, is as low as 1.5 cents.) Learn more

Bill Gross, 1990s Dotcom Trailblazer, Is Now Betting on Green Energy

Wall Street Journal - October 6, 2020

The pandemic, by decimating oil demand, crashing prices and challenging the economics of some fossil-fuel projects, has accelerated some industry moves toward low-carbon energy. In Mr. Gross’s view, it has also leveled the playing field for green energy’s drive to displace fossil fuels. Learn more

This Young Technologist Is Revolutionizing the Future of Prosthetics, One Artificial Limb

at a Time

Men’s Health - September 3, 2020

Easton LaChappelle isn’t your average adult male in his mid-twenties. While others might be working their first jobs or trying to figure out a way to unleash their creative ideas, LaChappelle runs a high-tech medical company focused on creating prosthetic limbs for those who deal with limb loss or limb differences, Unlimited Tomorrow. The best part? He’s doing this at a fraction of the cost. Learn more

This young entrepreneur skipped college to create robotic limbs that users can control with their minds

CNN Health - August 31, 2020

Ten years ago, Easton LaChappelle was a teen watching YouTube videos in his Colorado bedroom on how to build robot arms from LEGOs. Today, he's the founder of Unlimited Tomorrow, a company that designs low-cost, 3D printed prosthetic limbs that can be operated with the mind. Learn more

TrueLimb robotic arms look real and cost less than traditional prosthetics

CNET - August 30, 2020

Easton LaChappelle was 14 years old when he designed and built his first robotic arm. Ten years later, he's now the CEO of his own company, looking to upend the prosthetics industry.

Learn more

Easton LaChappelle’s Story: Advancing Affordable and Accessible Prosthetics

Youtube - August 5, 2020

Smart, Made-to-order Limbs Are The Future Of Prosthetics

Inverse - July 14, 2020

TrueLimb is a customizable and affordable alternative to commercial-grade prosthetic limbs that can cost upwards of $80,000 for a single unit. For growing children that need at least four to five new prostheses in adolescence, this price is astronomical. Learn more

Idealab Founder Bill Gross’ Plan To Solve The Mother Of All Quandaries

Forbes - June 19, 2020

Bill Gates calls it the 75% Problem. Greenhouse gas (GHG) emissions from power plants only account for 25% of total, and electrical generation is one source of GHG emissions for which cheap renewable sources are well-suited.

Learn more

These are the World Economic Forum's Technology Pioneers

of 2020

We Forum - June 16, 2020

From artificial intelligence (AI) to carbon capture, this year’s cohort is using innovations to protect climate, improve healthcare and much more, helping us to reset society and build towards a better future. Learn more

Heliogen Wins 2020 Fast Company World Changing Ideas Award for Its Technology That Replaces Fossil Fuels With Sunlight

Business Wire - April 28, 2020

From artificial intelligence (AI) to carbon capture, this year’s cohort is using innovations to protect climate, improve healthcare and much more, helping us to reset society and build towards a better future. Learn more

Heliogen: the Bill Gates backed startup hoping to use mirrors to power heavy industry

The Engineer - April 7, 2020

A smart approach to mirror control has driven a fundamental breakthrough in the promising area of concentrated solar power. Learn more

Automated Solar Arrays Could Help Incinerate Global Warming

Wired - January 21, 2020

Plenty of days, temperatures in California's Mojave Desert climb above 120 degrees Fahrenheit. A measly figure. These 400 silvered glass panels, tucked into the western edge of that hot, hot desert, are there to generate heat 15 times that amount. And, ideally, to help cool the planet too. Learn more

Solar Startup Heliogen Looks to Power Plants, Refineries

Los Angeles Business Journal - November 29, 2019

For decades, solar technology experts have sought to harness the sun to generate electricity. But Pasadena-based serial entrepreneur Bill Gross is looking to change that with a new technology that swaps fossil fuels for solar energy to directly heat heavy industry units such as kilns, furnaces and forges. Learn more

A Solar 'Breakthrough' Won't Solve Cement's Carbon Problem

Wired - November 22, 2019

A Bill Gates–backed startup called Heliogen uses concentrated solar power to produce cement. The carbon-belching industry needs that—and much more. Learn more

A new solar heat technology could help solve one of the trickiest climate problems

VOX - November 20, 2019

Electricity, transportation, and buildings, three of the biggest emitters, have a pathway to zero. It won’t be easy, and progress is too slow, but we have a handle on what to do. But there are still big chunks of the economy that don’t have a clear line of sight to zero. They don’t yet have the tools they need at competitive prices. They are still waiting on innovation. Learn more

Secretive energy startup backed by Bill Gates achieves solar breakthrough.

CNN - November 19, 2019

Heliogen, a clean energy company that emerged from stealth mode on Tuesday, said it has discovered a way to use artificial intelligence and a field of mirrors to reflect so much sunlight that it generates extreme heat above 1,000 degrees Celsius. Learn more

Heliogen’s new tech could unlock renewable energy for industrial manufacturing

TechCrunch - November 19, 2019

For Bill Gross, the founder of Idealab and brains behind the excursion, the unveiling was simply the latest in a string of demonstrations for new technologies commercialized by his nearly three-decade old startup company incubator. However, it may be the most significant.

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Energy Vault raises $110 million from SoftBank Vision Fund as energy storage grabs headlines.

TechCrunch - August 14, 2019

Imagine a moving tower made of huge cement bricks weighing 35 metric tons. The movement of these massive blocks is powered by wind or solar power plants and is a way to store the energy those plants generate. Learn more

Energy Vault Press Release

Energy Vault uses cranes powered by renewables to lift giant bricks into a tower.

Fast Company - April 8, 2019

When the sun isn’t shining or the wind isn’t blowing, lowering the bricks back down creates new energy. It’s one of Fast Company’s 2019 World Changing Ideas Awards winners.

Learn more