Gray Ventures

Based in Atlanta, Georgia, Illoominus is the turnkey people insights platform that integrates and gives context on HR data within and across companies, empowering leaders to unlock the full value of their existing tech stack and make strategic, dynamic business decisions.

Based in Alpharetta, Georgia, NuTEQ Solutions Inc. is an innovative Unified Communications as a Service (UCaaS) solutions provider for the broadband and utility industries. Comprised of a seasoned team of industry professionals, NuTEQ offers a unique single-screen unified communications platform (“GOCare”) for customer service. NuTEQ’s mission is to enhance its customers’ profitability, customer retention, and satisfaction by elevating the service experience.

Based in Cary, North Carolina, Simnovus enables 5G innovators to continuously test and validate network equipment, devices, and IoT by simulating 4G and 5G networks. Using commercial-off-the-shelf hardware, customers can deploy several testbeds in parallel and simulate thousands of UEs performing various realistic control and user plane traffic patterns.

Based in Charlotte, North Carolina, Zinnia is an AI-powered meeting prep and co-pilot tool for sales teams. Zinnia offers personalized insights, workflow automation, and data-driven recommendations for sales teams to better prepare for engagements and close deals faster.

Based in Birmingham, Alabama, QuantHub offers AI-driven, expert-validated, rapid curriculum development. QuantHub’s industry-leading generative AI curriculum builder gives higher-ed institutions and education publishers faster speed to create and deploy curriculum at a fraction of the cost.

Based in Austin, Texas, Pitchit is a sales enablement tool designed for telecommunication providers and insurance agencies to close leads through a multichannel conversation management platform.

Based in Winston-Salem, North Carolina, BEAM Dynamics offers a data-driven approach to fixed asset management, focusing largely on multi-campus studios, especially in sports broadcasting. BEAM’s platform combines financial, operational, and technical data to deliver unparalleled insight into a company’s technological asset inventory.

Based in Orlando, Florida, Worth AI offers an underwriting platform for payment processors, legacy FinTech providers, integrated payments companies, and insurance agencies. Worth leverages AI to render data-driven credit scores for businesses with lightning-fast processing times, unparalleled accuracy, and a unique user experience.

Based in Wilmington, North Carolina, LabLogs’ platform allows independent labs to digitally track maintenance and quality control tasks in preparation for audits and inspections.

Based in Knoxville, Tennessee, Authentrics.ai provides a solution that independently monitors existing AI/ML neural network frameworks, giving AI developers visibility and quantitative insights with advanced internal performance and content attributional analysis.

Based in Alexandria, Virginia, OpsCanvas is an AI-powered cloud deployment and management platform designed to address DevOps resource challenges and reduce exploding cloud costs for any company deploying and running cloud software.

Based in Charlotte, North Carolina, Fastbreak AI products optimize every part of sports, with customers ranging from youth sports organizations to professional sports leagues like the NBA, NFL, NHL, and MLS. From scheduling and event management to travel, ticketing, and brand activations, each product is purpose-built to simplify operations, unlock new revenue, and help organizations run faster, smarter, and more efficiently.

Based in Raleigh, North Carolina, Vitelis is an ‘MRI for business’ that scans billions of external signals across 50k+ performance factors, benchmarks any company against its competitors, and provides consulting-grade insights with AI Speed to deliver the solutions any business needs to stay ahead.

ShelfCycle offers a modern operating system for chemical distributors, automating daily operations with distributors’ inventory, accounting, and relationships all in one platform.

Founded in 1991, Gray Ventures is a private investment company established to support entrepreneurialism in the Southeast.

Gray Ventures I and II invested in 35 pre-revenue companies with geographic emphasis on Atlanta and the Research Triangle Park (RTP) in North Carolina and with sector emphasis on Information Technology. All 35 companies were founded by first-time entrepreneurs.

Gray Ventures III is a fund of funds supporting 25 early-stage venture funds in the Southeast in both Information Technology and Healthcare. Gray Ventures III was also the principal investor in Flashpoint, a Georgia Tech-affiliated accelerator, which to date has helped 80 startups.

Gray Ventures IV

Launched in 2022, Gray Ventures IV invests in seasoned entrepreneurs who are seeking to create disruptive solutions for large, growing, and dynamic markets. We focus on early-stage software companies with clear competitive advantages, specifically B2B SaaS models serving IT, telecom, and tech-enabled industries. We invest exclusively in the southeastern United States.

Testimonials

“Gray Ventures has been invaluable to GOCare’s success over the past 3.5 years. Berny and Alex bring exceptional insight to our SaaS business and market forces in general. They are unwavering in their support for the GOCare team and our go-to-market strategy with a welcome balance of guidance and freedom.”

Mike Roddy

CEO, NuTEQ Solutions

“Gray Ventures has been one of the most founder-friendly partners I could ask for - they’re the first call I make for judgment-free advice, unwavering support in hard times, and genuine celebration in the good ones. I’d recommend them wholeheartedly to any founder looking for a true partner on the journey.”

Lauren Goodell

CEO, Zinnia

“I’ve been incredibly impressed by the team at Gray Ventures. It has been clear from day one they are committed to our success. From a regular stream of networking connections to sales leads to new hire candidates, they have truly run the gamut on the support they provide. Fantastic wisdom from a team that have clearly been where we want to go – and know the path to get there. I’m thrilled to have them as a partner.”

Joshua Jones

CEO, QuantHub

“Gray Ventures continues to be excellent partners. They are the type of VC every founder wants but can’t always find. Alex and Berny have been in our corner for more than just our financial needs. Whenever we need legal counsel, advice on our direction, or need a referral, they've been willing to make introductions.”

Paul Kleen

CEO, PitchIt

Gray Ventures IV Portfolio

Principals

Bernard Gray

Alex Gray

Investments

Gray Ventures I & II

Accipiter
Bluebolt Networks
Chutney Technologies
Cognitech
Covendis
EGT
Electrifier
Extensibility
Ganymede
LiveWire Logic
Lysis
MediaOcean

MicroMass Communication
Monorail
Orologic
Overture Networks
Plurimus
SciQuest
Servigistics
Silverpop
Sofnet
SPI Dynamics
Synchrologic
and others

Gray Ventures III

AchieveIt
Acivilate
Adwerx
Apptega
AVOXI
Bark
BitPay
Carbice
Ceterus
CodeGuard
Codoxo
Cypress.io
Crunchy Data
Demand Driven
Dropoff
Endgame
Excel Health
Featurespace
Florence Healthcare

FraudScope
FSLogix
Greenlight*
Gro Solutions
inMotionNow
Insurance Zebra
Ionic Security
JouleX
Jvion
MacStadium
MapAnything
Payzer
Pendo.io*
Pindrop
PlayOn! Sports
PowerDMS
Prepaid Technologies
ProctorU
QASymphony

Red Canary
Reveal Mobile
RoadSync
Second Nature
SaaSOptics
Shipt
ShopKeep
Sift Media
SkuVault
SmartAsset
Spiffy
Spoonflower
Springbot
Trendkite
UserIQ
Vocalocity
YPrime
ZVerse
and others

*Unicorn