The Raleigh software group is assembling a portfolio of niche B2B tools for warehouses, campuses, laboratories and thrift stores - then betting that patient ownership and shared operating muscle can make small specialists stronger.
The New York and Nashville venture firm hunts for software in places where clipboards, compliance binders and fragmented workflows still run the day. Its portfolio shows a consistent wager: overlooked industries can become unusually durable technology markets.
Baukunst writes the first check, then pulls up a workbench. Its experiment is to make a venture fund behave more like a living studio - one where founders, engineers, designers and operators build in public with one another.
For four decades, PTC has sold the software behind the objects people rarely think of as software projects. Now it is simplifying its portfolio around a bigger bet: that clean, connected product data will become the operating memory for industrial AI.
The 190-year-old industrial group has become the control layer for an electric economy - linking breakers, factories, buildings and AI data centers to the software that decides how power should move.
Emerson spent a century making the machinery of modern life. Now it is assembling something harder to see: the digital nervous system for factories, power grids and process plants.
Canvas Envision (Canvas GFX) is a Boston-based enterprise software company that turns 3D CAD data, documents and video into interactive, model-based digital work instructions for frontline manufacturing workers. Its cloud platform serves as the visual execution layer of the digital thread, connecting engineering systems (PLM, MES) to the factory floor so assembly, maintenance and repair teams get accurate, up-to-date guidance instead of outdated PDFs and tribal knowledge. Building on 40 years of Canvas graphics heritage, the company serves aerospace, defense, automotive, medical device and industrial machinery manufacturers.
Felux is a Cleveland-based software company building the operating system for the steel industry. Its AI-powered platform reads request-for-quote (RFQ) emails straight out of a sales team's inbox, structures them automatically, and turns fragmented steel sales workflows into a unified dashboard for demand analytics, pricing intelligence, and deal tracking. Paired with a B2B marketplace connecting buyers and suppliers, Felux helps steel service centers, mills, brokers, and manufacturers see the demand they have been missing and modernize a trade that still largely runs on phone calls and spreadsheets.