About NEC X
NEC X, an accelerator and incubator program founded in 2018, is based in Palo Alto, United States. With a presence in 2 countries, it has supported around 9 startups in sectors like Food and Agriculture Tech, HealthTech. Most notable companies in
its portfolio include Multitude Insights, Verdi and WeWALK. The program is backed by a team of 13 people who primarily support Seed startups based in United States. Its latest investment was a Undisclosed Series A round in Indicio on Nov 06, 2025.
Key Metrics
Founded Year
2018
Location
Palo Alto, United States
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed & Series A
Locations of Investment
NEC X's List of Top Investments
NEC X has a portfolio of 9 companies. Their most notable investmentis in WeWALKTheir portfolio spans across United States and Canada. They have invested in Food and Agriculture Tech, HealthTech, Enterprise Applications and 4 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by NEC X:Key facts about Multitude Insights
- Founded Year: 2021
- Location: Cambridge (United States)
- Stage: Series A
- Total Funding till date: $15.5M
- Employee Count: 32 as on Aug 31, 2026
- Investors: Counterview Capital, Primary Venture Partner and 9 Others
- Latest Funding Round: Series A, Feb 27, 2026, $*****

2. Verdi
Provider of irrigation automation systems for farms and agricultural operations. The company offers tools for remote control, scheduling, and sensor-driven automation of irrigation processes. These systems provide alerts for leaks, real-time monitoring, and wireless valve and pump automation. The company's products are designed to integrate with existing infrastructure. They also offer wireless sensors for soil moisture monitoring and automated reporting.
Key facts about Verdi
- Founded Year: 2020
- Location: Vancouver (Canada)
- Stage: Seed
- Total Funding till date: $8M
- Employee Count: 59 as on Aug 31, 2026
- Investors: Ponderosa Ventures, Elemental Impact and 14 Others
- Latest Funding Round: Seed, Sep 17, 2025, $*****

3. WeWALK
Provider of smart cane solution for visually impaired individuals. Its offering attaches to the traditional white cane, transforming it into a smart cane. This technology helps visually impaired people via three of its features such as obstacle detection, bluetooth pairing with a phone, and integration with voice assistants and google maps.
Key facts about WeWALK
- Founded Year: 2017
- Location: San Francisco (United States)
- Stage: Seed
- Total Funding till date: $3.16M
- Employee Count: 41 as on Aug 31, 2026
- Investors: Conduit Connect, Ukri and 12 Others
- Latest Funding Round: Seed, Feb 28, 2024, $*****
- Highlight: Editors' Pick

4. Indicio
Developer of verifiable credentials and decentralized identity verification software infrastructure. The platform provides tools for issuing, managing, and verifying digital identity documents across various industries, including finance, government, and travel. It supports multiple credential formats and protocols to enable secure, privacy-preserving authentication for both human users and autonomous systems. Organizations use this technology to perform document validation, biometric authentication, and cross-ecosystem trust orchestration. The software functions in cloud, on-premises, or sovereign infrastructure environments, facilitating portable and reusable digital identity data without requiring the storage of sensitive biometric information by relying parties.
Key facts about Indicio
- Founded Year: 2020
- Location: Seattle (United States)
- Stage: Series A
- Total Funding till date: $6.6M
- Employee Count: 32 as on Aug 31, 2026
- Investors: Black Mountain Investment Group, Hard Yaka and 11 Others
- Latest Funding Round: Series A, Nov 06, 2025, $*****
Provider of AI-based health monitoring tools for healthcare professionals. The company has developed a biomarker-based remote monitoring solution for cardio-renal disease. It has featured blood analysis, remote monitoring analysis, and presymptomatic detection of critical patient conditions.
Key facts about General Prognostics
- Founded Year: 2020
- Location: Boston (United States)
- Stage: Seed
- Total Funding till date: $3.25M
- Employee Count: 4 as on Aug 31, 2026
- Investors: Plug and Play Tech Center, MIT Alumni Angels of Boston and 6 Others
- Latest Funding Round: Seed, Nov 12, 2024, $*****
- Highlight: Editors' Pick
NEC X's Year-on-Year Investment Trends
In 2025, it made 4 investments. Its most recent first time investment was in Indicio and most recent follow-on round was in Verdi.NEC X's Investments by Stage
NEC X has made 7 investments in Seed stage and 2 investments in Series A stage.Stage of entry | No. of Investments |
|---|---|
Seed | 7 |
Series A | 2 |
Note: We have considered here, only first round of investments
NEC X's Investments by Sector
NEC X has a diverse portfolio, with companies operating in the Enterprise Applications, HealthTech, Vertical SaaS, Food and Agriculture Tech and Business Services. Notably, it has invested in 7 Tech companies, 5 Enterprise (B2B) companies, 4 Saas companies and at least 4 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 4 |
HealthTech | 3 |
Vertical SaaS | 3 |
Food and Agriculture Tech | 2 |
Business Services | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
NEC X's Investments by Geography
NEC X has made most investments in United States (8), followed by Canada where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 8 |
Canada | 1 |
Note: We have considered here, only first round of investments
NEC X's recent investments
NEC X has not made any investment in 2026 so far.Here are the most recent investments by NEC X:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 06, 2025 | United States | Series A | 2997 | - | |
May 15, 2025 | Canada | Seed | 3885 | [+11] | |
Apr 11, 2025 | United States | Seed | 7093 | - | |
Mar 07, 2025 | United States | Seed | 9644 | - | |
Dec 18, 2024 | United States | Seed | 6609 | - |
Team profile of NEC X
NEC X has a team of 13 members including 3 Partners, 4 Venture Partners and 1 Principal located in United States and Canada. NEC X's team does not sit on the board of any company as of now.Here is a list of top team members in NEC X:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Palo Alto | - | ||
Partner | United States | - | ||
Partner | Palo Alto | - | ||
Venture Partner | Brooklyn | - | ||
Venture Partner | Toronto | - | ||
Venture Partner | Pleasanton | - | ||
Venture Partner | Stanford | - | - | |
Principal | Boston | - |
Co-investors of NEC X
Over the past 2 years, 43 investors have co-invested in NEC X's portfolio companies. This includes funds and angels.
- Invested before NEC X: Ukri, Gov and 22 others have invested in rounds before NEC X. There is 1 company where Ukri has invested before NEC X and 1 company where Gov has invested before NEC X.
- Top Co-investors of NEC X: SVG Ventures entered a company along with NEC X.
- Invested after NEC X: A total of 18 investors have invested in NEC X's portfolio after their investments. Top Investors include Primary Venture Partner (1 company) and Commonweal Ventures (1 company).
Recent News related to NEC X
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NEC X invites startups to join Elev X! Ignite for up to $250K equity funding and AI tech accessMy Startup World•Nov 20, 2025•Multitude Insights, Beagle, Metabob, NEC X and 1 other
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Indicio Secures Investment from NEC X to boost User-Controlled Digital IdentityBenzinga•Nov 06, 2025•Indicio, NEC X, NEC, Elev X
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AgTech Accelerator NEC X Announces Batch 14 Startups in Elev X! Ignite ProgramiGrow News•Oct 09, 2025•NEC X
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Canada's Verdi Secures $6.5M CAD in Seed FundingFinSMEs•May 15, 2025•Verdi, THRIVE, NEC X, Ponderosa Ventures and 10 others
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Reveleum receives investment from NEC X to improve medical record managementHospital Management•Mar 07, 2025•NEC X, Reveleum, Elev X
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Reveleum Secures NEC X Investment to Revolutionize Medical Record ManagementBusiness Wire•Mar 06, 2025•Reveleum, NEC X
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NEC and X-Carbide Ventures Partner to Rapidly Accelerate Early-Stage StartupsBusiness Wire•Feb 19, 2025•NEC X, Carbide Ventures
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Predictive Heart Monitoring Startup, GPx, Secures New Investment From NEC X; Joins Elev X! Boost Venture Studio ProgramBusiness Wire•Nov 12, 2024•Elev X, General Prognostics, NEC X
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