A vote of confidence in select ventures

Companies receiving early-stage investment from GRA Venture Fund, LLC have demonstrated extraordinary potential. The following companies have met the criteria of the Fund's board of directors:

Axion BioSystems is a life science instrumentation company that develops high-throughput microelectrode array (MEA) systems for cellular analysis, allowing researchers to recreate brain activity and heartbeats on the benchtop.

Celtaxsys is a privately-held drug discovery and development company focused on advancing treatments for serious inflammatory diseases. The company is building a sustainable pipeline of first-in-class immuno-modulators, the most advanced of which is CTX- 4430.

Clearside Biomedical develops therapies for eye-related diseases using a patented micro-injection technology that more precisely targets the retina and other distinct tissue in the eye. The company's offering is a product of a scientific collaboration between Emory University and Georgia Tech. Read an article about Clearside >

Lumense has invented sensor technology that instantly identifies toxins, carcinogens and pathogens in a wide array of environments, including food processing, farm production and water supplies.


Pindrop Security is an innovator in detecting and preventing phone-based fraud to help companies reduce financial losses and operational costs. Using acoustical fingerprinting technology -- the first of its kind -- Pindrop allows business to identify fraudulent phone calls and authenticate legitimate callers. Named one of the 10 Most Innovative Companies at the 2012 RSA conference, Pindrop gives companies confidence in the security of phone-based financial transactions. Watch GRA's "Two-Minute Breakthrough" video on Pindrop >

Urjanet provides a comprehensive data feed that enables large-scale energy consumers with multiple business locations to better manage company-wide power usage; manage their carbon footprint to meet carbon reduction goals; and evaluate potential power investments, including investments in solar and wind.

In 2016, two companies with GRA Venture Fund investment were acquired:

  • Damballa, a provider of security solutions that protect enterprise, ISP and telecommunications networks against advanced malware, persistent threats and zero-day targeted attacks. Damballa was acquired by Core Security in July.

  • StarMobile develops technology that extends enterprise software such as IBM, SAP and Salesforce to mobile devices without additional time or cost for development. PowWow Mobile acquired StarMobile in October.

One other company receiving GRA Venture Fund investment, Asankya, was acquired by EMC in June 2011.

Visit the websites of these promising companies to learn more about their disruptive technologies and potential for growth.