Eclipse Ventures

Eclipse Ventures / Eclipse Operations, LLC is a Palo Alto, California-based specialist industrial-technology and ''full-stack'' (hardware + software + data) early- and growth-stage venture capital firm founded in 2015 by Founding Partner Lior Susan (former IDF veteran and former head of LabIX, the hardware-venture-capital arm of electronics-manufacturing giant Flex Ltd, formerly Flextronics), with General Partners including Greg Reichow (former Vice President of Production, Manufacturing, Supply Chain, and Automation Engineering at Tesla) and Aidan Madigan-Curtis (former Apple supply-chain executive). Eclipse invests in the ''physical economy'' aEUR" industries that determine resilience, competitiveness, and national security aEUR" including advanced manufacturing, industrial automation and robotics, supply chain and logistics, transportation, energy and climate, healthcare and life sciences, national-security and defence technology, semiconductors, and construction / infrastructure technology. The firm manages approximately USD 10 billion in cumulative AUM across multiple funds (Fund III at USD 500 million in 2019, Fund IV at USD 500 million in 2021, 2023 early-stage fund at USD 720 million paired with a USD 510 million growth fund totalling USD 1.23 billion, plus a 2025 close of approximately USD 1.3 billion across two new funds), with headquarters in Palo Alto and additional presence in New York City. Notable portfolio companies include Augury, Bright Machines (an Eclipse-incubated ''buildco''), Kindred Systems, Redwood Materials (USD 350 million Series E led by Eclipse October 2025), Lucira Health, Spell, and other industrial-technology businesses.