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Venture Capital
scalevp.com

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Investments

414

Portfolio Exits

108

Funds

7

Service Providers

2

About Scale Venture Partners

Scale Venture Partners, formerly BA Venture Partners, is a venture capital partnership that leads start-ups to expansion stage investments in networking, semiconductor, software, medical technology, and biotechnology companies. The firm closed BA Venture Partners VI, a $500 million fund, in 2000. BA Venture Partners' sole limited partner is Bank of America. BA Venture Partners rebranded to Scale Venture Partners in January 2007.

Scale Venture Partners Headquarter Location

950 Tower Lane Suite 1150

Foster City, California, 94404,

United States

650-378-6000

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Research containing Scale Venture Partners

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CB Insights Intelligence Analysts have mentioned Scale Venture Partners in 1 CB Insights research brief, most recently on Nov 10, 2021.

Latest Scale Venture Partners News

Ditch The Chalk: Tessa Lau’s Dusty Robotics Raises $45 Million To Automate Construction Plans

May 10, 2022

Courtesy of Dusty Robotics Dusty Robotics built an autonomous printer on wheels for construction sites. The company is now worth $250 million. W hen Tessa Lau was remodeling her home, she watched her contractor get down on his hands and knees with hand-held tools to do the work. She saw small mistakes (shower heads installed in the wrong bathrooms necessitating extra work) and a brush with what could have been a far-larger one during the extensive kitchen renovation. “Our contractor was about to build the island in the wrong place,” she recalls. “I discovered it by checking with a measuring tape and realizing they had made a mistake.” A roboticist who had once worked at the famed Willow Garage research lab, Lau figured there had to be a better way. So she did what any roboticist and serial entrepreneur would do: She started a new company. Today, that four-year-old firm, Dusty Robotics said that it had had raised $45 million led by Scale Venture Partners to ramp up manufacturing and expand its business. The new funding brings total investment to $69 million and puts Dusty’s valuation at $250 million. Lau, 48, who holds a Ph.D. in computer science from the University of Washington, is among the most prominent women in robotics. After spending more than a decade at IBM Research, she joined Willow Garage, the robotics lab founded by Scott Hassan, as a research scientist, leading an effort to develop simple user interfaces for personal robots. Willow Garage shut down in 2013, but many of its researchers went on to found companies. “We call ourselves the Willow Garage Mafia,” Lau says. “I joined the mafia for about a year at the tail end before it shut down. I learned everything I could about robotics and what it takes to get them out into the world.” Lau cofounded Savioke, which developed robots for hotels and apartment complexes. As chief technology officer, she orchestrated the deployment of more than 75 delivery robots. She says she became frustrated with the pace of the company’s growth. “I felt it wasn’t really taking off as fast as it could have so I decided to start my own company and try again in a different space,” she says. “We call ourselves the Willow Garage Mafia.” She founded Mountain View, California-based Dusty in 2018 with Philipp Herget, who had been a robotics hardware lead at Savioke. Lau is the company’s CEO; Herget is chief technology officer. The name of the company came from an early idea to build vacuum robots (“like a Roomba for a construction site,” she says) that could help contractors deal with all the dust on job sites. But while pushing brooms at construction sites for market research, Lau and Herget soon saw the markings on the ground that represented the layouts for the projects. Vacuuming went by the wayside. The firm’s first robot, called the Field Printer, is basically an autonomous printer on wheels. It moves around the construction site and prints out plans on the floor that are similar to Ikea instructions. That saves time and money over the old way of mapping out those plans with chalk or marker. Lau says that the company has dozens of contractors across the United States that use the robots, including DRP Construction, Turner Construction and Performance Contracting, with several dozen robots in the field under lease arrangements. The company is still early stage, with annual revenue in the $5 million range. Dusty Robotics' construction bot: It's got eyes for added cuteness. Courtesy of Dusty Robotics Lau sees fast growth ahead given the costs of the skilled labor that her robots can replace. “The work that our robot helps with is done by some of the highest paid people on the job site,” she says, noting that a union foreman in San Francisco would make $125 an hour. Then, too, she says, the robots can work without error, saving contractors from having to fix any expensive mistakes, a major source of lost time and cost overruns on large projects. With Dusty’s bot, the workers who previously chalked out plans by hand can oversee more projects with help from the machine. Alex Niehenke, a partner at Scale Venture Partners, who led the latest investment, says that the company’s fast-growing customer base — and the size of the contracts it has with them — was a draw, as was the sheer size of the construction market. “They’ve sold to a surprising list of customers,” he says. “There’s stunning ARR growth.” Lau’s goal: to get Dusty’s robots on every construction site in the next three to five years, helped by the new funding. Is that really doable? “Elon Musk says a lot of things that may or may not be true,” she says. “As a vision that is what I want to be true. I know there is demand for it, and so far we have been limited by not being able to build as fast as they want us to.” Follow me on  Twitter  or  LinkedIn . Send me a secure  tip .

Scale Venture Partners Investments

414 Investments

Scale Venture Partners has made 414 investments. Their latest investment was in Dusty Robotics as part of their Series B on May 5, 2022.

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Scale Venture Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/10/2022

Series B

Dusty Robotics

$45M

Yes

5

4/12/2022

Series C

Observe.ai

$125M

No

3

4/7/2022

Series D

Viz.ai

$100M

No

3

3/23/2022

Series B

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$99M

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10

1/25/2022

Series B

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$99M

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10

Date

5/10/2022

4/12/2022

4/7/2022

3/23/2022

1/25/2022

Round

Series B

Series C

Series D

Series B

Series B

Company

Dusty Robotics

Observe.ai

Viz.ai

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Amount

$45M

$125M

$100M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

5

3

3

10

10

Scale Venture Partners Portfolio Exits

108 Portfolio Exits

Scale Venture Partners has 108 portfolio exits. Their latest portfolio exit was Solvvy on May 12, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/12/2022

Acquired

2

10/1/2021

Acquired

$99M

5

9/20/2021

Acquired

$99M

5

6/16/2021

IPO

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$99M

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10

5/13/2021

Acquired

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10

Date

5/12/2022

10/1/2021

9/20/2021

6/16/2021

5/13/2021

Exit

Acquired

Acquired

Acquired

IPO

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

2

5

5

10

10

Scale Venture Partners Acquisitions

1 Acquisition

Scale Venture Partners acquired 1 company. Their latest acquisition was National Healing Corporation on October 10, 2008.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/10/2008

Other Venture Capital

$99M

Acq - Fin

Date

10/10/2008

Investment Stage

Other Venture Capital

Companies

Valuation

$99M

Total Funding

Note

Acq - Fin

Sources

Scale Venture Partners Fund History

7 Fund Histories

Scale Venture Partners has 7 funds, including Scale Venture Partners Fund VII.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/3/2020

Scale Venture Partners Fund VII

$600M

3

7/10/2018

Scale Venture Partners VI

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$99M

10

1/21/2016

Scale Venture Partners V

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$99M

10

5/1/2013

Scale Venture Partners IV

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$99M

10

2/1/2010

Scale Venture Partners III

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$99M

10

Closing Date

12/3/2020

7/10/2018

1/21/2016

5/1/2013

2/1/2010

Fund

Scale Venture Partners Fund VII

Scale Venture Partners VI

Scale Venture Partners V

Scale Venture Partners IV

Scale Venture Partners III

Fund Type

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Status

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Amount

$600M

$99M

$99M

$99M

$99M

Sources

3

10

10

10

10

Scale Venture Partners Service Providers

2 Service Providers

Scale Venture Partners has 2 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

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Service Provider

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Associated Rounds

Provider Type

Counsel

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Service Type

General Counsel

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Partnership data by VentureSource

Scale Venture Partners Team

11 Team Members

Scale Venture Partners has 11 team members, including current Chief Financial Officer, Mary Denten.

Name

Work History

Title

Status

Louis Bock

Founder

Current

Mark Brooks

Founder

Current

Mary Denten

Global Catalyst Partners, Polycom, and PwC

Chief Financial Officer

Current

Michael Hornig

Chief Financial Officer

Current

Dana Espeland

Controller

Current

Name

Louis Bock

Mark Brooks

Mary Denten

Michael Hornig

Dana Espeland

Work History

Global Catalyst Partners, Polycom, and PwC

Title

Founder

Founder

Chief Financial Officer

Chief Financial Officer

Controller

Status

Current

Current

Current

Current

Current

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