Rising Tide Q2’2022 Newsletter





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Dear Esteemed Partners and Friends:

We are grateful and proud of how our companies are supporting their customers, partners, and communities. We continue to fund startups with measurable positive human impact in promising, innovative verticals that provide businesses with the technologies they need to successfully navigate highly dynamic environments at an incredibly rapid pace. We hope you will enjoy this report and as always, send us your suggestions at
info@rtf.vc. Additionally, hang with us on these social sites for updates through the quarter: 

ALICE Technologies construction optioneering platform powered by AI helps large contractors plan, bid, and build complex infrastructure and commercial projects more efficiently and with reduced risk. In 2021, ALICE grew its ARR by 270%. The Series B funding will fuel the aggressive hiring, global growth, continued product innovation, and sales and marketing expansion required to make ALICE an industry standard. Large general contractors worldwide – companies such as Bouygues, Kajima, and Skanska – use ALICE to help them plan and manage complex projects such as bridges, tunnels, high-speed rail systems, and mixed-use towers. More here.

Amberdata is the leading provider of digital asset data. The Company delivers comprehensive insights into blockchain networks, crypto markets, and decentralized finance to the world’s largest financial institutions entering the digital asset class. This financing will fund product innovation and expand go-to-market in the US and internationally to address the accelerating institutional adoption of digital assets. More here.

Ayar Labs is the leader in chip-to-chip optical connectivity. Its recent financing will drive the commercialization of its breakthrough optical I/O solution. Hewlett Packard Enterprise (HPE) and NVIDIA entered this investment round, joining existing strategic investors Applied Ventures LLC, GlobalFoundries, Intel Capital, and Lockheed Martin Ventures. Ayar Labs also announced that it made its first volume of commercial shipments under contract and expects to ship thousands of units of its in-package optical interconnect by end of the year. More here.

Flow is a Web3 platform powering next-generation games, apps, and digital assets including NBA Top Shot and NFL All Day. Its Ecosystem Fund is designed to hypercharge innovation and growth across the Flow community. The largest joint commitment made towards any blockchain ecosystem, the Ecosystem Fund participants will provide existing and future developers with support in building applications on the Flow blockchain through investments, Flow token grants, and in-kind support. More here. Originally developed by Dapper Labs to create more efficient, secure, and scalable proof-of-stake blockchain experiences, Flow is an open-source, developer-friendly, and energy-efficient blockchain built for consumers.

Eridan plans to use the funds to enable improved connectivity for more people, using less energy, less expensive infrastructure, and less spectrum. Eridan is the first and only Company to build a direct polar transmitter in gallium nitride and silicon, which provides multiple advantages over current solutions based on linear amplifiers, including 10x less input power to provide the same coverage;  60-100x reduction in power consumption in sparsely-populated areas, and equipment that is smaller, lighter, and less expensive to install, and does not require specialized power sources or heavy heat sinks. More here.

Metawave Corporation, a world leader in high-end sensing and perception solutions for terrestrial and aerospace mobility applications, intends to use the funds to deliver the Metawave MARCONI™ 77GHz and POLARIS 24GHz product lines – the mobility industry’s first beamformer chip and antenna module solutions to address the increased demands for long-range Aerial sensing and Advanced Driver Assist Systems (ADAS) to detect vehicles, motorcycles, pedestrians, and other objects at longer range with high resolution and accuracy. More here.


As Brave points out, the Internet is a sea of ads, hackers, and echo chambers. Brave is fighting back. The Company is on a mission to protect users’ privacy online and makes a suite of Internet privacy tools—including its browser and search engine—that shield users from the ads, trackers, and other creepy stuff trying to follow them across the web. 50 Million people have already switched to Brave for a faster, more private web. Hundreds of thousands more sign up every day. It only takes 60 seconds to switch.

Google Extension: 
Brave Search passes 2.5 billion queries in its first year, and debuts Goggles feature that allows users to choose their own search rankings. More here.

Bouygues Travaux Publics Partners with ALICE Technologies
ALICE Technologies and Bouygues Travaux Publics – one of the largest companies in the civil works sector – announced that Bouygues Travaux Publics selected ALICE for use on multiple complex projects around the world. Bertrand Burtschell, Deputy CEO at Bouygues Travaux Publics comments, “ALICE is ideally suited to help us to win and deliver the big infrastructure projects that represent the core of our business at Bouygues Travaux Publics.” More here.

From Hong Kong to Canada, Bouygues Travaux Publics has completed numerous iconic projects: the Channel Tunnel, the Beirut seafront, the A28 and A41 motorways, the Ile de Ré and Normandy bridges, Chernobyl’s New Safe Confinement arch, Cairo and Sydney undergrounds, and over 10 tunnels in Hong Kong.

Exo and Henry Ford Health Partner to Enable All Physicians with Point of Care Ultrasound
Easy-to-use ultrasound technology to expand the use of medical imaging and enhance patient care.
Exo will partner with Henry Ford Innovations (HFI), Henry Ford’s commercialization arm, to make ultrasound easier to perform with artificial intelligence, validate cutting-edge ultrasound technology through large-scale deployment, and educate the next generation of point-of-care ultrasound (POCUS) users. More here.

Henry Ford is a leading healthcare provider, serving communities across Michigan and beyond through its 33,000 team members, including 6,000 physicians at more than 250 locations.


Looking for a rebate management conference that is equal parts exhilarating, educational and inspirational? Well, look no further than Enable Catalyze! The market-leading Company was excited for the first time ever to bring together innovators and thought leaders from the rebate management community to network, collaborate and learn from the successes of others. See conference highlights here

The Inaugural LiDAR Coalition Policy Summit convened high-level leaders from industry and government to discuss technology’s role in enhancing roadway safety. Quanergy Systems participated in the Summit and addressed attendees with a keynote presentation and product demonstration. Quanergy is focused on promoting the deployment of LiDAR-based intelligent infrastructure and automotive safety technology. More here.

  • Activ Surgical Successfully Completes Institutional Review Board Study at University at Buffalo. More here.
  • Ayar Labs Partners with NVIDIA to Accelerate Development and Application of Optical Interconnects in Artificial Intelligence/Machine Learning Architectures. More here
  • Brave Browser Now Integrates with Solana Blockchain to Expand Web3 Access. More here.
  • CoinList Launches Digital Asset Services to Provide In-House Wallets & Custody. More here.
  • Dapper Labs and RCRDSHP Join Forces to Broaden the Blockchain Community. More here.
  • Evonetix is joined by Colin McCracken as Chief Executive Officer. More here.
  • Evonetix Wins Award for Innovation at Cambridge Independent Science and Technology Awards 2022. More here.
  • GRO Biosciences: Redefining Protein Therapeutics. See the latest video asset here.
  • Messari Introduces Upgraded Version of Web3 Governance Platform Governor. More here.
  • NXM Labs Partners with NeuronicWorks to Enhance Security Solutions. More here.
  • Quanergy Delivers Industry-First 250 Meter Range for OPA-Based Solid State LiDAR. More here.
  • Tribal Credit Launches Shari’a Compliant Payments and Financing to Businesses in the Middle East. More here.
  • Twelve: The Carbon Transformation Company. See the latest video asset here.

Disclosure: This presentation is not an offer to sell securities of any investment fund or a solicitation of offers to buy any such securities. Securities of any fund (the “Fund”) managed by Rising Tide Fund Managers, LLC (the “Rising Tide”) are offered to selected investors only by means of a complete offering memorandum and related subscription materials which contain significant additional information about the terms of an investment in the Fund (such documents, the “Offering Documents”). The portfolio companies described herein do not represent all the portfolio companies purchased, sold or recommended for portfolios advised by Rising Tide. The reader should not assume that an investment in the portfolio companies identified were or will be profitable. Past performance is not indicative of future results. Investors should be aware that a loss of investment is possible. The information in this presentation was prepared by Rising Tide and is believed to be reliable. Rising Tide makes no representation as to the accuracy or completeness of such information. Opinions, estimates and projections in this presentation constitute the current judgment of Rising Tide and are subject to change without notice.