Ray Stata has been investing in technology companies since 1965 and has invested in over 100 companies, over half of which have either gone public and/or have been acquired via strategic acquisitions – the collective value of these companies exceeds well over $150 billion. Stata Capital invests its own capital and hence is not subject to the typical venture capital fund cycles, which enables us to think in and invest for the longer term.

Ray Stata through his personal investments and venture capital funds has been fortunate to back the incredible founders and teams at Allegro Microsystems (NASDAQ: ALGM), Vicor Corporation (NASDAQ: VICR ), Semantic Machines (acquired by Microsoft), TransChip (acquired by Samsung), MinHash (acquired by Google), Neurologica (acquired by Samsung), Teradiode (acquired by Panasonic), Stata Laboratories (acquired by Yahoo), Provigent (acquired by Broadcom), Nabsys (acquired by Hitachi), Aegis Semiconductor (acquired by II-VI), Vesper Technologies (acquired by Qualcomm), Humatics, VulcanForms, Morse Micro, JetCool, Simplia, Alcatraz, Bultr, Emcode Photonics, Movellus and several others, including many companies listed below.

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Name Description Founding Year Industry Space Status
Cambridge Terahertz Developing terahertz radar imagers to create detailed images of people and objects for real-time threat detection. 2023 Technology Imaging & Sensing Active
zeroRISC Leveraging OpenTitan’s open-source secure silicon, zeroRISC offers transparency and trust for all devices: in the data center, edge, and IoT. 2023 Technology Cybersecurity Active
Reasoner Bringing  human-level reasoning to AI for complex enterprise applications and workflows that demand the highest precision and accuracy. 2023 Technology AI, Cognitive Computing Active
Foundation LLM Developing an Engineering General Intelligence (EGI) platform for design and manufacturing industries. 2023 Technology AI, Graphics Active
Kino AI Software automatically infers metadata and organizes footage, making video post-production faster. 2022 Technology Video Active
Scaled Cognition Developing cognitive computing and AI-based solutions to enhance decision-making and problem-solving across various industries. 2022 Technology AI, AI Software, Cognitive Computing Active
Micromize Developing novel miniaturized, environment-friendly, and energy-efficient electronics for mobile & wearable devices. 2021 Technology Electronics, Wearables Active
Zero ASIC Developing the world’s first automated built-to-order System-In-Package design and manufacturing platform. 2020 Semiconductor AI, Semiconductors Active
Emcode Photonics Revolutionizing spectral sensors by providing a photon-efficient, low-power, scalable platform. 2020 Technology Optoelectronics Active
BG Networks Provides cybersecurity solutions for embedded systems. 2020 Technology Cybersecurity Active
Neural Galaxy Develops AI solutions for spatial computing and digital twin technology. 2020 Technology AI, Spatial Computing Active
Xander Develops AR smart glasses that provide subtitles for real-world conversations. 2020 Technology Augmented Reality Active
JetCool Direct-to-Chip Liquid Cooling Technology. Acquired by Flex (NASDAQ: FLEX) in 2025. 2019 Electronics Thermal Management Acquired
Aura Intelligent Systems Provides AI-powered security and monitoring solutions for smart spaces, enhancing safety and operational efficiency. 2019 Technology & Security Artificial Intelligence and IoT Security Active
Butlr Develops AI-powered human presence detection sensors. 2019 Technology AI, IoT Active
Simplia Developing an AI engine for small businesses. 2019 Technology eCommerce Active
Alcatraz AI AI-powered facial authentication and security solutions. 2016 Technology Security Active
Dephy Specializing in wearable robotics technologies, particularly exoskeletons aimed at augmenting human performance. 2016 Technology AI, Robotics Active
Morse Micro Develops Wi-Fi HaLow chips for IoT connectivity. 2016 Technology Wireless Technology Active
ZikBit Develops software for data-intensive applications, focusing on Big Data analytics. 2015 Technology Big Data, Software Inactive
Lexumo Developed an automated service for continuous open-source code security. Acquired by New Context in 2017 which was acquired by Copado. 2015 Technology Cybersecurity Acquired
Tactai Developing immersive haptics and a wearable to accurately replicate real-world sensory experiences. 2015 Technology Augmented Reality Inactive
Humatics Develops micro-location systems for industrial automation. 2015 Technology Industrial Automation Active
RaySecur Developed millimeter wave imaging technology to provide real-time, 3D imaging to detect even the smallest threats. 2015 Technology Imaging & Sensing Active
Teamjoy Developing a new generation software powered by machine intelligence to automate the hard or time-consuming aspects to drive 10 times efficiency. 2015 Technology Sofware Inactive
VulcanForms Develops industrial metal additive manufacturing solutions. 2015 Manufacturing Additive Manufacturing Active
NanoSemi Machine learning-based linearization and signal correction technologies to improve radio chain power efficiency and signal cleanliness. 2014 Technology Telecommunications Acquired
Vesper Technologies Develops MEMS microphones for voice interface applications. Acquired by Qualcomm in 2022. 2014 Technology MEMS Technology Acquired
Frequency Therapeutics Focuses on developing therapies to activate progenitor cells for restoring hearing and repairing sensory organs. 2014 Biotechnology Regenerative Medicine and Hearing Restoration Acquired
Semantic Machines Develops AI-driven natural language processing technology. Acquired by Microsoft in 2018. 2014 Technology AI Acquired
Movellus Provides AI-driven chip design automation solutions. 2014 Semiconductor AI, Semiconductors Active
Virsec Delivers runtime application protection solutions that defend applications and workloads against advanced cyber threats in real time. 2013 Cybersecurity Runtime Application Protection Active
Appscale Systems Develops open-source tools for deploying and managing Google App Engine applications in diverse cloud environments. 2012 Cloud Computing Platform as a Service (PaaS) Active
Seek Thermal Manufacturer of thermal imaging products designed to help in converting smartphones into thermal imaging cameras. 2012 Technology Imaging & Sensing Active
ETA Devices Developed high-efficiency power amplifiers for wireless communications. Acquired by Nokia in 2016. 2010 Technology Semiconductors Acquired
Wave Computing Provides dataflow-based AI computing solutions for deep learning. 2010 Technology AI, Semiconductors Inactive
Lufa Farms Operator of rooftop greenhouses intended to grow a variety of fruits and vegetables in a natural environment and habitat. 2009 Agriculture AgTech, Urban Farming Active
SURE Universal Provider of home healthcare technologies designed to assist in remote diagnosis, monitoring, and telehealth. 2009 Technology Healthcare, Home Automation, IoT Active
TeraDiode Developed high-brightness direct diode lasers for industrial applications. Acquired by Panasonic in 2017. 2009 Technology Industrial Laser Technology Acquired
Yottaa Provides web and mobile performance optimization solutions for eCommerce sites. 2009 Technology Web Performance Active
Digital Lumens Intelligent LED lighting and IoT-based building management solutions. Acquired by Osram in 2017. 2008 Technology IoT, Lighting Acquired
LEDnovation Manufacturer and distributor of light-emitting diode lighting products. 2008 Electronics Lighting Technology Inactive
Uniphore Provides conversational AI and automation solutions for enterprises. 2008 Technology AI, Enterprise Software Active
Cilk Arts Developed software tools for parallel computing. Acquired by Intel in 2009. 2007 Technology Software Development Acquired
WiTricity Develops wireless power transfer technology for electric vehicles and devices. 2007 Technology Wireless Power Technology Active
Lyric Semiconductor Developed analog computing technology for probabilistic computing. Acquired by Analog Devices in 2011. 2006 Semiconductor Semiconductors Acquired
innoPad Developer and manufacturer of polishing pads for use in chemical mechanical planarisation (CMP) in semiconductor manufacturing. Acquired by FNS Tech (KRX: 083500) in 2013. 2006 Manufacturing Semicondur Acquired
neoSaej Developed an online marketplace for consumer auto loans. 2006 Finance FinTech Inactive
Sentrigo Provided database security software solutions. Acquired by McAfee in 2011. 2006 Technology Cybersecurity Acquired
Xkoto The company's platform enables the replication and virtualization of data. Acquire by Teradata Corporation (NYSE: TDC) in 2010. 2005 Software Data Management Acquired
Telegea Provides software for smart energy management systems. Acquired by Ensim Corporation in 2005 which was acquired by Ingram Micro Inc. 2005 Energy Energy Management Acquired
Nabsys Develops electronic DNA mapping and analysis technology. Majority Acquisition by Hitachi High-Tech Corporation in 2024. 2005 Biotech Biotechnology Acquired
Achronix Semiconductor Develops high-performance FPGA and eFPGA solutions. 2004 Semiconductor Semiconductors Active
Amimon Develops wireless video solutions for various applications. Acquired by Vitec Group in 2018. 2004 Technology Wireless Technology Acquired
NeuroLogica Develops medical imaging equipment, including portable CT scanners. Acquired by Samsung Electronics in 2013. 2004 Medical Medical Devices Acquired
Nevada Nanotech Develops gas sensors for detecting a wide range of chemicals and gases. 2004 Technology IoT, Sensors Active
Novatium Provides affordable computing solutions for emerging markets. 2004 Technology Computing Active
Comability Developer of a subscriber management platform for telecommunications companies. 2003 Software Telecommunications Inactive
Shaser Develops laser hair removal and skin treatment devices for home use. Acquired by Syneron Medical Ltd. In 2012. 2003 Electronics Consumer Electronics Acquired
Digital Lumens Developed system-level software for broadband access networks. 2002 Technology Telecommunications Inactive
ExaGrid Systems Provides disk-based backup storage with data deduplication solutions. 2002 Technology Data Storage Active
Lilliputian Systems Developed portable power solutions using MEMS-based fuel cells. 2002 Energy Energy Inactive
Stata Labs The company developed the Bloomba search-based e-mail client and the SAProxy anti-spam filter. Acquired by Yahoo! in 2004. 2002 Technology Communications Acquired
Luminus Devices Develops high-performance LEDs and solid-state lighting technology. Merged with Lightera Corporation in 2013. 2002 Electronics Lighting Technology Acquired
Vortex Engineering Provider of Automated Teller Machines (ATMs) and multi-vendor ATM management software products. 2001 Technology FinTech Acquired
Atsana Semiconductor Develops ultra-low-power multimedia processing solutions. Acquired by MtekVision in 2005. 2001 Semiconductor Semiconductors Acquired
Nano-C Manufactures carbon-based nanomaterials for energy and electronics. 2001 Manufacturing Nanotechnology Active
Passave Technologies Developer of system-on-chip technology for broadband fiber access systems. The company was acquired by PMC Sierra (NASDAQ: PMCS) in 2006, which was acquired by MicroSemi (Nasdaq: MSCC). 2001 Semiconductor Semiconductors Acquired
Nantero Develops carbon nanotube-based memory technology (NRAM). 2001 Manufacturing Memory, Nanotechnology Active
Axiowave Networks Developers of a core/metro routing platform. 2000 Technology Telecommunications Inactive
Aegis Semiconductor Manufacturer of optical devices and components. Acquired by II-VI Incorporated in 2008. 2000 Electronics Optoelectronics Acquired
OmniGuide Develops minimally invasive surgical products based on laser technology. Merged with Domain Surgical in 2016. 2000 Medical Medical Devices Acquired
Ember Corp Provided radio chips with embedded networking software that are used in sensing and control applications. Acquired by Silicon Laboratories (Nasdaq: SLAB) in 2012. 2000 Semiconductor Controls, Sensing Acquired
Memjet Develops high-speed color printing technology and solutions. 2000 Manufacturing Printing Technology Active
Provigent Developed semiconductors for wireless backhaul solutions. Acquired by Broadcom in 2011. 2000 Semiconductor Semiconductors Acquired
Transchip Developed CMOS imaging chips for mobile devices. Acquired by Samsung Electronics in 2007. 1999 Semiconductor Semiconductors Acquired
Aplion Networks Aplion Networks solutions create, manage and unify all communications and business services through integrated hardware and software solutions based on Active Services 1998 Software Telecommunications Inactive
Aplion Networks Aplion Networks solutions create, manage and unify all communications and business services through integrated hardware and software solutions based on Active Services 1998 Software Telecommunications Inactive
Axsun Technologies Develops photonic and MEMS-based devices for telecom and medical industries. Acquired by Volcano Corporation in 2008 which was then acquired by Intel. 1998 Electronics Optoelectronics Acquired
Chip Logic Provides semiconductor design and verification services. 1998 Semiconductor Semiconductors Active
Deploy Solutions Provider of enterprise talent management software and services. Acquired by Kronos in 2007, which was acquired by Ultimate Software (NASDAQ: ULTI) 1997 Software HR, Talent Management Acquired
Lotus Interworks Builds integrated IoT platforms and cloud solutions to improve connectivity and digital services for enterprises and consumers. 1997 Technology Internet of Things (IoT) and Cloud Computing Active
Nexabit Networks Developed high-speed routing and switching technologies. Acquired by Lucent Technologies in 1999. 1997 Technology Telecommunications Acquired
Axis Semiconductor Designs and produces semiconductor solutions for communication systems. 1996 Semiconductor Semiconductors Inactive
Epicon Inc. Developer of software platforms that enable application service providers (ASPs) and enterprises to manage the life-cycle of desktop applications and application components from a central server on the Internet. Acquired by Nortel Networks (TSX: NT.TO) in 2000. 1996 Software Telecommunications Acquired
VoiceSignal Technologies Speech recognition software offers search, messaging, device control, command control, dictation, and text-to-speech services. Acquired by Nuance Communications in 2007. 1995 Software Speech Recognition Acquired
Libit Signal Processing Develops, manufactures, and markets communication hardware and software solutions for broadband access. Acquired by Texas Instruments (NASDAQ: TXN) in 1999. 1994 Technology Telecommunications Acquired
Allegro Microsystems Provider of high-performance power and sensing semiconductor products. IPO in 2020. 1990 Semiconductor Semiconductors Public
Soft-ex Developer of billing communication and UC analytics platform catering to digital service providers and UC-hosted voice providers. Acquired by WidePoint (AMEX: WYY) in 2014. 1989 Software Communications Acquired
Cetek Specializes in ceramic matrix composites and coatings. Acquired by Integrated Global Services in 2017. 1985 Manufacturing Advanced Materials Acquired
Vicor Manufactures power conversion components for various industries. IPO in 1986. 1981 Technology Power Electronics Public
Solid State Instruments Manufactures radiation detection and measurement equipment. Acquired by Kollmorgen in 1968. 1967 Electronics Radiation Detection Acquired
Analog Devices Designs and manufactures analog, mixed-signal, and DSP integrated circuits. IPO in 1969. 1965 Semiconductor Semiconductors Public