About Xora Innovation
Xora Innovation is a venture capital firm founded in 2019. It is primarily based out of Singapore, Singapore. As of Jul 2026, Xora Innovation is an active investor, having invested in 23 companies, with 7 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from High Tech to Enterprise Applications and Life Sciences. Most recently it participated in the $***** Series A round of Elio Overall, Xora Innovation portfolio has seen 2 unicorns and 1 acquisition, namely Celestial AI, Bedrock Robotics and Rhoda. A lot of funds co-invest with Xora Innovation, with names like Foothill Ventures sharing a substantial percentage of its portfolio. Xora Innovation has team of 9 people including 4 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 1 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Xora Innovation's List of Top Investments
Xora Innovation has a portfolio of 23 companies, including 2 unicorns. Their most notable investments are in Summit Nanotech and Aether Fuels.Their portfolio spans across United States, Singapore, Canada and 1 more locations. They have invested in High Tech, Enterprise Applications, Life Sciences and 11 other sectors, across stages such as Series A, Seed and 1 more. Here is the list of top investments by Xora Innovation:
1. Celestial AI
Developer of optical interconnect technology for artificial intelligence infrastructure systems. The company’s technology aims to improve artificial intelligence system performance through optical interconnectivity. It focuses on enabling efficient scaling of artificial intelligence to advance progress in various fields. The company’s platform is designed for integration into next-generation artificial intelligence systems.
Key facts about Celestial AI
- Founded Year: 2020
- Location: Santa Clara (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $589M
- Employee Count: 68 as on May 31, 2026
- Investors: Fidelity Investments, Samsung Catalyst Fund and 21 Others
- Latest Funding Round: Series C, Feb 25, 2025, $*****
- Highlight: Acquired
Developer of autonomous technology for transforming construction and industrial equipment. The technology adapts to project needs and improves operational capabilities continuously. It enables machines to work safely and seamlessly, expanding team capabilities. The technology aims to accelerate project schedules with new efficiencies. It also seeks to protect people and equipment, and measure progress.
Key facts about Bedrock Robotics
3. Hyperlight
Developer of transmitter PICs, chiplets, and packaged modulators for optical networking. The company manufactures known-good-dies (KGD) on the TFLN Chiplet platform suitable for PAM/IMDD and coherent applications. It offers intensity modulation/direct detection (IMDD) PICs for pluggable transceivers and dual-polarization IQ (DPIQ) transmitter PICs for DCI and long-haul communications. Additionally, the company provides customized transmitter chiplets tailored for specific integration schemes and applications, along with packaged electro-optic amplitude, phase, and IQ modulators. The company's products cater to AI, Datacom, Telecom, test and measurement, quantum systems, and emerging applications. It also offers custom development partnerships and multi-project wafer (MPW) runs.
Key facts about Hyperlight
- Founded Year: 2018
- Location: Cambridge (United States)
- Stage: Series C
- Total Funding till date: $117M
- Employee Count: 87 as on Jul 31, 2026
- Investors: Foxconn Electronics, Summit Partners and 10 Others
- Latest Funding Round: Series C, Apr 02, 2026, $*****
- Highlight: Editors' Pick
4. Peak Energy
Sodium-Ion battery systems for renewable energy storage. It focuses on advancing sodium ion battery systems as the storage standard for renewable energy. It also aims to reduce the climate impact and help EV drivers save on electricity costs through their EV smart-charging app.
Key facts about Peak Energy
- Founded Year: 2023
- Location: Denver (United States)
- Stage: Series A
- Total Funding till date: $65M
- Employee Count: 184 as on Jul 31, 2026
- Investors: Tishman Speyer, Eclipse and 4 Others
- Latest Funding Round: Series A, Jul 17, 2024, $*****
- Highlight: Editors' Pick
5. GridCARE
Provider of AI data center power solutions leveraging existing grid infrastructure. It partners with AI infrastructure developers and electric utilities to identify and utilize existing grid capacity for powering AI data centers. This approach reduces time-to-power significantly, eliminating the need for costly grid upgrades. The company employs generative AI to pinpoint optimal sites and optimize grid capacity utilization across all locations and hours. This solution benefits both data center developers, by providing faster access to power, and utilities, by driving beneficial load growth and maximizing asset utilization.
Key facts about GridCARE
- Founded Year: 2024
- Location: Redwood City (United States)
- Stage: Series A
- Total Funding till date: $77.5M
- Employee Count: 54 as on Jul 31, 2026
- Investors: Sherpalo Ventures, Temasek and 20 Others
- Latest Funding Round: Series A, May 14, 2026, $*****
- Highlight: Editors' Pick
Xora Innovation's Year-on-Year Investment Trends
Xora Innovation has invested in 23 companies over the last 5 years, with an average of 4 new investments annually in the last 5 years. In 2025, it made 8 investments, while as of Jul 2026, it has made 10 investments in this year. Its most recent first time investment was in Elio and most recent follow-on round was in GridCARE.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 5 | 10 |
2025 | 4 | 4 | 8 |
2024 | 4 | 3 | 7 |
2023 | 4 | 3 | 7 |
2022 | 1 | 0 | 1 |
2021 | 5 | 0 | 5 |
Xora Innovation's Investments by Stage
Xora Innovation has made 13 investments in Series A stage with an average round size of $61.8M, 8 investments in Seed stage with an average round size of $24.7M and 2 investments in Series B stage with an average round size of $154M.Stage of entry | No. of Investments |
|---|---|
Series A | 13 |
Seed | 8 |
Series B | 2 |
Note: We have considered here, only first round of investments
Xora Innovation's Investments by Sector
Xora Innovation has a diverse portfolio, with companies operating in the High Tech, Enterprise Applications, Energy Tech, Environment Tech and Sustainability Tech. Notably, it has invested in 22 Enterprise (B2B) companies, 22 Tech companies, 11 Software companies and at least 9 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
High Tech | 13 |
Enterprise Applications | 7 |
Energy Tech | 6 |
Environment Tech | 5 |
Sustainability Tech | 5 |
Others | 23 |
Note: We have considered here, only first round of investments
Xora Innovation's Investments by Geography
Xora Innovation has made most investments in United States (16), followed by Singapore where it has made 5 investments.Country | No. of Investments |
|---|---|
United States | 16 |
Singapore | 5 |
Canada | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Xora Innovation's recent investments
Xora Innovation has made 10 investments in 2026 so far. Elio and GridCARE are the latest among them.Here are the most recent investments by Xora Innovation:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 23, 2026 | United States | Series A | 8897 | [+4] | |
May 14, 2026 | United States | Series A | 6523 | [+8] | |
Apr 28, 2026 | United States | Series A | 2487 | ||
Apr 06, 2026 | United States | Seed | 8061 | [+3] | |
Apr 02, 2026 | United States | Series C | 6125 | [+10] |
Unicorns in Xora Innovation's Portfolio
Xora Innovation has 2 unicorns in its portfolio - Rhoda and Bedrock Robotics. The most recent unicorn in their portfolio is Rhoda. It became a unicorn in 2026.Here is a list of unicorns in Xora Innovation's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
57 | Developer of robotic systems utilizing video pre-training for industrial automation | 2024 | Palo Alto | Series A | bsnzxvp | ||
65 | Developer of autonomous technology for transforming construction and industrial equipment | 2024 | San Francisco | Series B | prffabf |
Acquired companies in Xora Innovation's Portfolio
1 company from Xora Innovation's portfolio has been acquired. The most recent acquisition was Celestial AI in Dec 2025 by Marvell for $*****.Here are Xora Innovation's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 02, 2025 | Dec 15, 2021 | Series A | 9559 |
Team profile of Xora Innovation
Xora Innovation has a team of 9 members including 4 Partners and 2 Principals located in Singapore. Xora Innovation's team does not sit on the board of any company as of now.Here is a list of all team members in Xora Innovation:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Singapore | - | ||
Partner | - | - | - | |
Partner | Singapore | - | ||
Partner | Singapore | - | - | |
Principal | Singapore | - | - | |
Principal | Singapore | - | - |
Co-investors of Xora Innovation
Over the past 5 years, 188 investors have co-invested in Xora Innovation's portfolio companies. This includes funds and angels.
- Invested before Xora Innovation: Eclipse, Mayfield and 26 others have invested in rounds before Xora Innovation. There are 2 companies where Eclipse has invested before Xora Innovation and 2 companies where Mayfield has invested before Xora Innovation.
- Top Co-investors of Xora Innovation: 90 investors entered a company along with Xora Innovation. These include investors like Foothill Ventures (3 companies).
- Invested after Xora Innovation: A total of 70 investors have invested in Xora Innovation's portfolio after their investments. Top Investors include Temasek (3 companies), Engine Ventures (2 companies) and Tiger Global Management (2 companies).
Recent News related to Xora Innovation
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Elio Raises $21 Million in Series A Funding for AI Sensing Technologyintelligence360•Aug 24, 2026•Innovation Endeavors, Xora Innovation, Elio
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Sidley Represents Elio in US$21 Million Series A FinancingLegal Desire•Jul 24, 2026•Innovation Endeavors, Elio, Xora Innovation
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Adani, Jabil plan AI data centre hardware manufacturing platform in IndiaBusiness Line•Jun 15, 2026•Jabil, Adani Group, Adani Enterprises, AdaniConneX and 13 others
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GridCare Raises $64 Million to Accelerate AI Data Center ProjectsSiliconAngle•May 15, 2026•GridCARE, Stanford University, National Grid, Sutter Hill Ventures and 7 others
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US startup NeuBird raises $19.3m to scale AI for IT operationsTech in Asia•Apr 07, 2026•NeuBird, StepStone Group, Prosperity7 Ventures, M12 and 9 others
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Bedrock Robotics Raises $270M to Scale Autonomous Construction FleetsSiliconAngle•Feb 05, 2026•Bedrock Robotics, Atreides Management, Valor Equity Partners, CapitalG and 14 others
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Ethernovia Raises Over $90 Million Series B to Scale Leading-Edge Autonomy and Physical AI Networking Chipsintelligence360•Feb 05, 2026•Maverick Silicon, Ethernovia, Conduit Capital, CDIB Capital Group and 12 others
