Mike McNamara retired by the electronics giant and services business Flex last December after 12 years as CEO of their firm – – and another 12 working his way up to the corner office — but he didn’t state in the point where he was led.
As it turns out, McNamara had decided to join Eclipse Ventures, a four-year-old, Palo Alto, Ca.-based company headed by Lior Susan, who’d previously founded LabIX, an hardware investment system supported by Flex, as it had been still called Flextronics.
McNamara isn’t the company ’s general partner that is brand new . Eclipse can be announcing that it has attracted aboard Sanjay Jha, that had been largely recently the CEO of Global Foundries and was CEO and also co-CEO of Motorola Mobility before that. (And before Motorola Mobility, Jha spent 14 years as an executive in Qualcomm, including as the COO of one of its branches.)
The hires are a large deal. They’re also in accordance with the other large wheels that Susan has drawn into Eclipse, which capital full-stack companies — meaning companies selling hardware, software, and data — and that just officially closed about $500 million in funding, fourteen days after an SEC filing seemed that suggested as much.
In 2016, as an example, Eclipse hired as a spouse Greg Reichow, that had been formerly Tesla’s executive leader of international production, factory/automation technology, supply chain, and also “product excellence. ”
Eclipse is run by Pierre Lamond, who left his name over a career with Sequoia Capital.
Others of its (male-only) investment group include Adam Bryant, that had been previously a manager with Proterra, the electrical bus firm; Justin Butler, that headed commercial operations in Misfit, a digital health firm obtained by the Fossil Group for over $250 million; and also Seth Winterroth, that was formerly an investor in GE Ventures.
Eclipse is relatively low-flying as enterprise companies go. Very maybe, Susan learned a lesson about being in the headlines, was a part of Formation 8, a company that produced a splashy debut but later disbanded.
Either way, it’s not as slow to pull on the trigger. According to Crunchbase, Eclipse has invested in roughly 50 companies. One of those startups to get checks from the company most lately are Augury, a six-year-old, New York-based machine health startup that joins vibration and ultrasonic sensors to smartphones to find equipment malfunctions before they happen, which just raised $17 million in Series B funding, and Spell, a two-year-old, New York-based deep learning and AI infrastructure platform that last month increased $15 million co-led from Eclipse.
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