Applied Ventures
Profile, fund size and portfolio
Applied Ventures is the corporate venture arm of Applied Materials, Inc. (semiconductor equipment). It was founded in 2006 and is based in Santa Clara, United States. It invests from Series A to Late stage in semiconductor technology, advanced display, advanced manufacturing.
Every figure links to its source
Snapshot
Data behind this graphic
| Item | Value |
|---|---|
| Stage range | Series A to Late stage |
| Sectors | Semiconductor technology, Advanced display, Advanced manufacturing, Advanced materials, AI and big data, Life sciences |
| Geography | Global: capital provided to companies in 19 countries, Taiwan and Korea events and programs |
| Offices | Santa Clara, United States, California (entire team based in California; city not stated), United States |
Sources: S5 Salience Labs Series A led by Applied Ventures and ICM HPQC Fund (Business Wire via Silicon UK); S3 Applied Ventures portfolio (card list JSON feed behind the page); S1 Applied Ventures home.
Data behind this graphic
| Item | Companies | Share |
|---|---|---|
| Semiconductor Technology | 22 | 25% |
| Advanced Display | 15 | 17% |
| Advanced Materials | 15 | 17% |
| Advanced Manufacturing | 13 | 14.8% |
| AI And Big Data | 8 | 9.1% |
| Life Sciences | 8 | 9.1% |
| Environmental, Social and Governance | 7 | 8% |
A company can carry more than one tag
Sources: S3 Applied Ventures portfolio (card list JSON feed behind the page).
Data behind this graphic
| Measure | Value | Unit | Kind | Source |
|---|---|---|---|---|
| Headline size | USD 100M | Evergreen allocation | Stated by the firm or its parent | S1 |
| Companies backed | 90+ | companies | Stated by the firm | S1 |
| IPOs | 10+ | IPOs | Stated by the firm | S1 |
| Companies on the firm's portfolio page | 65 | companies | Counted from the firm's own list | S3 |
Sources: S1 Applied Ventures home; S3 Applied Ventures portfolio (card list JSON feed behind the page).
Where it invests and who leads it
Geography
- Headquarters
- Santa Clara, United States
- Offices
- Santa Clara, United States
- California (entire team based in California; city not stated), United States
Investment regionsS5S3S1
- Global: capital provided to companies in 19 countries
- Taiwan and Korea events and programs
LeadersS8S2
- Faran NouriVice President and Global Head, Applied VenturesLinkedInFirm page
- Omkaram NalamasuSenior Vice President, CTO and PresidentFind on LinkedInFirm page
- Saewook LeeSenior Investment DirectorFind on LinkedInFirm page
- Abhishek SudSenior Investment DirectorFind on LinkedInFirm page
- John WeiSenior Investment DirectorFind on LinkedInFirm page
Key facts
| Fact | Value | Status | Source |
|---|---|---|---|
| Parent company | Applied Materials, Inc. (Nasdaq: AMAT) | Single source | S1 |
| Parent industry | Semiconductor equipment | Single source | S1 |
| Founded | 2006 | Single source | S11 |
| Headquarters | Santa Clara, United States | Single source | S12 |
| Status | Active | Single source | S1 |
| Capital source | Parent company only | Single source | S1 |
| Headline size | USD 100M (Evergreen allocation) | Single source | S1 |
| Companies backed | 90+ | Single source | S1 |
| Exits | 10 IPOs | Single source | S1 |
| People on the team page | 11 | Single source | S2 |
| Stages | Series A, Series B, Series C+, Late stage | Single source | S5 |
Notable outcomes
IPOs and acquisitions of portfolio companies. Price shown only where published.
| Company | Type | Year | Acquirer or exchange | Price | Source |
|---|---|---|---|---|---|
| Enphase Energy | IPO | 2012 | Nasdaq: ENPH (2012) | S3 | |
| Adesto Technologies | IPO | 2015 | Nasdaq: IOTS (2015) | S3 | |
| Point Engineering | IPO | Korea | S3 | ||
| Grandis | Acquisition | Samsung | S3 | ||
| Liquavista | Acquisition | Samsung | S3 | ||
| Sage Electrochromics | Acquisition | Saint-Gobain | S3 | ||
| Plextronics | Acquisition | Solvay | S3 | ||
| Adaptive3D | Acquisition | Desktop Metal | S3 | ||
| Enki Technology | Acquisition | First Solar | S3 | ||
| Tessolve | Acquisition | Hero Electronics | S3 | ||
| Takumi Technology | Acquisition | Sagantec | S3 | ||
| Solaicx | Acquisition | MEMC | S3 | ||
| SunEdison | Acquisition | MEMC | S3 | ||
| Fat Spaniel Technologies | Acquisition | Power-One | S3 | ||
| Menara Networks | Acquisition | IPG Photonics | S3 |
Portfolio
The firm's portfolio page lists 65 companies: 36 active, 16 exited.S3
The firm also states 90+ companies backed. The page list and the stated total measure different things.S1
| Tag | Companies | Share |
|---|---|---|
| Active | 36 | 55.4% |
| Exited | 16 | 24.6% |
| Tag | Companies | Share |
|---|---|---|
| Semiconductor Technology | 22 | 33.8% |
| Advanced Display | 15 | 23.1% |
| Advanced Materials | 15 | 23.1% |
| Advanced Manufacturing | 13 | 20% |
| AI And Big Data | 8 | 12.3% |
| Life Sciences | 8 | 12.3% |
| Environmental, Social and Governance | 7 | 10.8% |
Every company on the Applied Ventures list
65 companies, as listed on the firm's own website: 36 active, 16 exited, 13 listed.S3 Read the firm's list.
Active 36
- 3D Glass Solutions
- Absolics
- Advanced Inquiry Systems
- Avegant
- BT Imaging
- Chipletz
- Cornami
- CREPA Materials
- DeviceScape
- Electroninks
- Enjet
- Exo Imaging
- Halation Photonics
- Illumitex
- Impact Nano
- Infinitesima
- Infinitum Electric
- Leadoptik
- Lumiode
- Makina Rocks
- Menara Networks
- Metalenz
- Nanomix
- Nanosys Inc.
- PlayNitride
- Rescale
- Resilience
- Scintil Photonics
- Solid energy
- Spectrum Materials
- Summer Robotics
- Syntiant
- Ultivue
- VesperMEMS
- VVDN Technologies
- XJet
Exited 16
- Adaptive3D
- Enki Technology
- Fat Spaniel Technologies
- Grandis
- Infinite Power Solutions
- Inpria
- Liquavista
- Oncoscope
- Persimmon
- Plextronics
- Sage Electrochromics
- Solaicx
- Sun Edison
- Takumi Technology
- Tessolve
- Voltaix Electronic Chemicals
Listed 13
- Adesto Technologies
- Ayar Labs
- Enphase Energy
- Ionblox
- MICROOLED
- Nanexa
- Point Engineering
- Salience Labs
- Sunam
- Tsukuba Seiko
- Twist
- TXOne Networks
- Wise Integration
For founders
| Item | What the firm says | Source |
|---|---|---|
| Stages | Series A, Series B, Series C+, Late stage | S5 |
| Check size | USD 1M to USD 15M | S11 |
| Leads rounds | Yes. "it has allowed the unit to lead rounds" | S11 |
| Beyond capital | Access to Applied Materials materials engineering, semiconductor technology and global fab infrastructure to validate devices; Introductions to customers, supply chain partners and co-investors | S1 |
| Contact form | www.appliedmaterials.com/us/en/applied-ventures.html | S1 |
Fund vehicles
Recent rounds
History
- Applied Ventures' corporate venturing activities brought in-house (GCV, around 2020); Anand Kamannavar led the unit from 2020.S4
- Applied Ventures co-led Salience Labs $30M Series A (Feb) and joined Rescale $115M Series D (Apr), Mixx $33M Series A (Dec).S5
- Faran Nouri named Global Head of Applied Ventures, succeeding Anand Kamannavar (GCV, 2026-08-25).S4
Where sources disagree
- Companies backed: 90+ companies in 19 countries (site) (S1) vs more than 90 companies (GCV, Aug 2026) (S4) vs 65 company cards on portfolio page (active and exited) (S3). Site count is cumulative; portfolio page lists 65 cards.S1S4S3
- Launch year: 2006 (GCV 2022: in existence since 2006) (S11) vs For more than a decade (site) (S1) vs Founded nearly a decade ago (GCV 2026) (S4). Firm site gives no founding year. GCV 2022 says 2006; GCV 2026 says nearly a decade ago.S11S1S4
- Headline size: Up to $100M per year (site) (S1) vs $100m annual war chest, doubled from $50m, evergreen balance sheet vehicle (GCV 2022) (S11). Annual deployment cap, not a fund size.S1S11
Official pages
Read the firm's own pages for current information.
- Website www.appliedmaterials.com/us/en/applied-ventures.html
- Portfolio www.appliedmaterials.com/us/en/applied-ventures/portfolio.html
- LinkedIn company page www.linkedin.com/company/applied-ventures-llc
Sources
- S1Applied Ventures homeFirm
- S2Applied Ventures teamFirm
- S3Applied Ventures portfolio (card list JSON feed behind the page)Firm
- S4Global Venturing: Nouri joins Applied Materials as global head of venturesPress
- S5Salience Labs Series A led by Applied Ventures and ICM HPQC Fund (Business Wire via Silicon UK)Portfolio company
- S6Reuters: Rescale raises $115 million from Applied Materials, NvidiaPress
- S7Mixx Technologies raises $33M Series A (PR Newswire)Portfolio company
- S8Faran Nouri LinkedIn profile (search result; own post says returned to Applied Materials as Global Head of Applied Ventures)Third-party report
- S9Applied Ventures LinkedIn company pageFirm
- S10Applied Ventures press release: Applied Ventures Invests in Summer Robotics (listed on home page)Firm
- S11Global Venturing: Applied Ventures moves on to CVC 2.0 (podcast write-up)Press
- S12Applied Materials Form 10-K and investor site (parent: Nasdaq AMAT)Parent company
Disclaimer and corrections
Not affiliated. This page is not affiliated with, endorsed by or sponsored by Applied Ventures or any company named on it. Names and trademarks belong to their owners. Informational only. This is a public-source reference. It is not investment, legal or tax advice and not an offer or solicitation. Sources. Each figure names its source. Figures may have changed. Please read the firm's official pages, linked above. Corrections and takedown. To report an error or ask for a change or removal, use the correction form or email Richard@CorporateVentureCapital.com.
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