At Ridgeline,we are investing the modernization of foundational industries to drive the next wave of American re-industrialization. That’s why we’re thrilled to celebrate Harbinger’s $100 million Series B—co-led by early Tesla investor Capricorn Investment Group and Leitmotif.

Last Tuesday, Red Hat announced the acquisition of Neural Magic, a Ridgeline portfolio company. The acquisition marks a three year journey with the company and a solid affirmation of the original thesis Ridgeline put forward to invest in the company back in late 2021. 

One major development over the past nine months has been the broader adoption and investment focus on artificial intelligence, catalyzed by new capabilities in generative AI. We’re greatly encouraged by this given our interest in this segment since founding Ridgeline.

Q-CTRL raised another $27.4 million in funding. The Series B extension comes nearly 14 months after the startup raised its $25 million Series B in November 2021. Salesforce Ventures, Alumni Ventures, ICM Allectus, Mindrock Capital participated in the latest round.