NLMには信頼性データ、顧客PIC、大手企業が受け入れられるビジネスモデル、そして化学と顧客の両方を理解するチームが揃っている。ビットあたりの消費電力を20〜50%削減できれば、年間数億個規模のトランシーバーに適用した場合、AIインフラが電力網から引き出す電力を大きく減らすことになる。

NLM has the reliability data, a customer PIC, a business model the incumbents can say yes to, and a team that knows both the chemistry and the buyer. 20 to 50% less power per bit, applied across hundreds of millions of transceivers a year, significantly reduces what AI infrastructure draws from the grid.

NLM PhotonicsのシリーズA2ラウンドに参加、Pangaeaポートフォリオへようこそ。

We are delighted to have joined NLM Photonics’ Series A2 round, and to welcome them to the Pangaea Portfolio.

Six months into her role as an analyst at Pangaea, Helen Sun's work had mostly taken place behind a screen: pitch decks, financial models, investment theses. That changed when she traveled to Vancouver to visit the pH7 Technologies facility alongside Partner Sarah Applebaum, who serves on the company's board.

Recently, we were fortunate to have hosted an LP-only webinar with Michael in which he shared some of his biggest learnings from a career in innovation. Michael's career runs in the opposite direction of most people who end up running corporate venture: he started as a startup operator trying to get a corporate to take a chance on unproven technology, then spent years on the other side deciding which startups Henkel should bet on. That vantage point, from both the smaller and the (much) larger side of the table, is part of what makes his take so valuable.

Pangaeaは今回、マイケル氏をお迎えしてLP限定のウェビナーを開催し、Henkel社でのイノベーション活動で経験した重要な学びの数々を共有して頂きました。マイケル氏は、多くのコーポレートベンチャーの責任者とは異なるキャリアを辿っており、まずスタートアップ側として早期開発段階の技術を大企業が如何にして協業を走らせてくれるか模索することからスタートし、その後は逆の立場で、Henkel社がどのスタートアップにBetするべきかを判断する側で長年キャリアを過ごしました。スタートアップ側からも、そして大企業側からも見てきたこの視点こそが、彼の見解を非常に価値あるものにしている理由の一つです。

The recognition builds on earlier 2026 testing results, where the FCD passed over one hundred NVIDIA technical requirements, showing cooling capacity above 4.1 MW in N-mode dual-pump operation and 3.2 MW in N+1 mode, along with a 2°C approach temperature difference, less than half the 4.8°C reported for competing systems.

Startup-corporate collaboration is one of the hardest, and most valuable, things to get right in hard tech. We've been talking with corporates and startups a lot lately about what helps these partnerships work, and three themes keep coming up on both sides of the table. We heard frequently about testing a relationship before committing capital, judging success by how the partnership runs, and winning over the business unit on its own terms rather than from the top down.

Christine Parrish will become Chief Executive Officer effective August 1, 2026, succeeding Erica Nemser, who will continue to support the company through the transition and then serve as Executive Chair.

It captures 301 spectral bands across the 400 to 1,000 nm range using a high-sensitivity sCMOS sensor, so researchers get high-fidelity spectral and spatial detail without the excessively long exposures low-light samples usually demand.

The initiative also brings together HOP Technologies and Phantom Photonics, backed by $4 million in federal and provincial funding out of a $7.9 million total project budget. The first phase will build low-volume manufacturing capacity, with a second phase targeting production of over 500,000 modules per year.

The technology converts low-grade sulfide ore directly into 99.9% pure copper cathodes on-site while producing green hydrogen as a by-product. If successful, the project could support future scale-up across Canada's mining sector.

日本は半導体・AIインフラ市場において、世界の高品質フォトレジストの約95%、有機基板用絶縁フィルムのほぼ100%を供給しています。問われるのは、その優位性を次にどう活かすか。博報堂ＤＹホールディングスと共同制作した「Hard Techレポート 2026」が、6セクター・26セグメントでその答えを示します。

Japan quietly supplies close to 100% of the world's organic substrate insulating film and 95% of its high-end photoresist, two of the more prominent picks-and-shovels positions it holds across semiconductors and AI infrastructure. The open question is which convert into leadership in what comes next. Our Hard Tech Report 2026, co-produced with Hakuhodo DY Holdings, maps the answer across 6 sectors and 26 segments.

Dioseve社は、iPS細胞由来の卵巣サポート技術を活用し、既存のIVFプロセスの中で卵子成熟の生物学的メカニズムそのものを構築しています。これにより、患者の治療向上を図りながら、実際の臨床現場のワークフローにも適合し、これまでニーズはあるものの明確な解決策がなかった問題に応えようとしています。

Reproductive biology has emerged as an important frontier in hard tech, with the potential to reshape infertility. Dioseve is building at that intersection, which is why we chose Dioseve as Pangaea’s first startup investment in Japan. We have been laying the groundwork to support more hard tech founders in the country, and Dioseve is the first example of that strategy in action.

生殖生物学は、ハードテック分野における重要なフロンティアとして台頭しており、生殖医療の提供方法を根本から変える可能性を秘めています。Dioseve社はまさにその2領域で事業を促進しており、Pangaea Venturesは同社への新たな投資を通じてその取り組みを支援させて頂きます。これは、Pangaeaにとって日本初のスタートアップ投資であり、日本においてより多くのハードテック創業者を支援するための基盤を整えてきた成果でもあります。

Reproductive biology is emerging as an important frontier in hard tech, with the potential to reshape how fertility care is delivered. Dioseve is building at that intersection, and Pangaea Ventures is pleased to support that work through a new investment in the company, our first startup investment in Japan where we have been laying the groundwork to support more hard tech founders in the country.

Pangaea Venturesが日本初のスタートアップ投資を完了。治療負担の軽減と患者・医療機関双方の改善を目指す体外成熟アプローチ、Dioseve社の生殖医療プラットフォームの発展を支援。