For 15 years, Elevate Ventures has written the first check for Indiana startups from Gary to Evansville. In 2025, the state that helped create it started asking hard questions about the books.
The Chicago venture firm hunts where code meets atoms - backing lab robots, electric trailers, ocean maps and the stubborn machinery of everyday life.
Aurelius Systems is a San Francisco defense-technology startup building Archimedes, an autonomous, high-powered laser turret that detects, tracks and neutralizes drones in seconds for roughly the cost of electricity. Founded in 2024 by photonics veterans Michael LaFramboise and John Marmaduke, the company fuses commercial off-the-shelf hardware, advanced optics and AI-guided targeting into a compact, low-cost counter-UAS platform aimed at protecting soldiers and critical infrastructure from cheap, swarming aerial threats.