The cutting equipment manufacturer has closed its Hypertherm Ventures subsidiary, just over seven years after it was founded.
US-based machine-cutting equipment maker Hypertherm Associates has closed its corporate venture arm, Hypertherm Ventures, a person familiar with the matter has confirmed to Global Corporate Venturing.
Hypertherm Ventures was launched in late 2018 to invest in areas such as robotics, automation, machine learning, additive manufacturing and the industrial internet of things.
The company officially paused its CVC activities in July last year and began the process of liquidating its portfolio and redeploying the Hypertherm Ventures team, which has now entirely departed. Hypertherm did not respond to a request for comment.
Hypertherm Ventures director Nathan Pascarella left the company in September 2025 to become global director of product management for interconnect technology producer Amphenol Communications Solutions. Corporate ventures investor Yuan Liu is now director of ventures for Massachusetts-based corporate entrepreneurship network CEN.
The unit’s investments included Mantle, a provider of metal 3D printing technology, as well as logistics automation equipment producer Rios and industrial AI developer Falkonry, which was acquired by enterprise software provider IFS in 2023.
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