New York State of Mind: Introducing Eclipse’s First Office on the East Coast

By: Kaitlyn Glancy and Ashwin Pushpala The Eclipse team is thrilled to announce we’ve opened a new office in the heart of New York City, where we will continue to fuel the Industrial Evolution in order to build the New Economy. While Eclipse was founded in Silicon Valley, physical industries are important everywhere. By leaning in further on the energy of the East Coast startup ecosystem and, in doing so, remaining connected to the pulse of one of the nation’s most vital economies, Eclipse will be one step closer to delivering on our mission to transform physical industries. New York City’s lineage of industrial excellence begins with New Amsterdam Since its humble beginnings in the early 1600s as New Amsterdam, New York has been a city driven by the hunger and willpower to build. A historic gateway to the Eastern Seaboard and one of the nation’s most inspirational cities, New York is home to over 12,000 manufacturers, employing over 600,000 workers in industries from chips to pharmaceuticals to aerospace and defense. We see this exemplified in the historical prowess of New York’s supply chain dominance. In the early 1900s, the New York City Port became one of the busiest in the world, and today, The Port of New York and New Jersey is the third largest port in the U.S., receiving 3.75 million containers a year. In addition to supply chain and shipping excellence, New York has deep roots in manufacturing and construction. New York state is home to over 12,000 manufacturers, with manufacturing giants like IBM Corp, Lockheed Martin Mission Systems & Sensors, and Pfizer, Inc., as well as construction company titans like AECOM Tishman, which in recent years led the reconstructions of the JFK airport.

There are also emerging industries that are garnering fresh attention from East Coast-based entrepreneurs, with great strides being made towards transforming healthcare and pharmaceutical manufacturing infrastructure. The wider healthcare ecosystem also continues to grow in NYC’s backyard, New Jersey. New Jersey is home to eight of the top 10 global biopharmaceutical companies, nine of the top 10 R&D companies, and over 4,500 life sciences establishments, including ’ second IDMO Smart Factory for preclinical, clinical, and commercial-scale cell therapy manufacturing. Defense is another thesis area Eclipse invests in — with New York City’s proximity to our nation’s capitol in Washington, D.C., we’ll be closer than ever to critical decision-makers and departments of the U.S. government. This will allow our team to help existing aerospace and defense portfolio companies unlock crucial relationships. We also believe having a closer presence to top talent with years of military, legislative, and technical expertise will have a lasting impact on current and future portfolio companies. New York City will be critical to building the New Economy. In 2023, New York startups raised and created a total ecosystem value of $647 billion. And growth isn’t limited to a single industry — health tech, climate tech, and AI are all areas experiencing explosive growth in New York, among other sectors like advanced manufacturing and construction.

Since Eclipse’s inception in 2015, we have invested in East Coast-based startups like Augury, Gravity, Reframe, VulcanForms, and Augmenta:

• Auguryprovides purpose-built AI solutions that help improve production capacity, predictability, and sustainability all while transforming how manufacturing teams work.
  
• VulcanForms is focused on building and operating advanced digital manufacturing infrastructure.
  
• Reframe Systems is making net-zero living attainable for people across the country with focus on design automation and manufacturing innovation.
  
• Gravity Climate is the only enterprise carbon and energy management platform, helping to automate sustainable disclosure and deploy cost-saving, behind-the-meter energy projects.
  
• Augmentais redefining how physical industries use technology by pioneering an AI-powered generative design platform that automates end-to-end building design and engineering.

Our existing East Coast portfolio companies are all creating massive impacts within their respective industries. And now, with Eclipse officially being part of the NYC entrepreneurial ecosystem, we’re excited to meet with even more founders in the region who are pioneering new technology across the spectrum of manufacturing, supply chain, energy, defense, healthcare, and more. In addition to its bustling startup ecosystem, New York City is the IPO capital of the world. Our presence in the city alongside these financial institutions that are the foundation for the global economy will be key to our work in ensuring our portfolio companies build scalable businesses that thrive in the public markets. Welcome to our New (York) chapter We founded Eclipse to power the Industrial Evolution, in order to unlock the solutions necessary to build the New Economy. Having boots on the ground in New York City is an inspiring new chapter for Eclipse and furthers our mission by bringing together more founders and our team of operators to deliver on the promise of technology to solve the hard problems we are facing as a global society. If you’re working on technology to transform the future of physical industries, we’d love to hear from you: kaitlyn@eclipse.vc, ashwin@eclipse.vc. More on today’s news from TechCrunchFollow Eclipse on LinkedIn or sign up for Eclipse’s Newsletter for the latest on the Industrial Evolution.