Koch Disruptive Technologies
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Team
About
Koch Disruptive Technologies (KDT) is the venture capital and growth equity arm of Koch Industries (now Koch, Inc.), one of the largest privately held companies in the United States 1. Founded in 2017 by Chase Koch, son of Charles Koch, KDT launched in January 2018 with the mission of connecting emerging technology companies with Koch’s industrial platform 23. The firm is headquartered in Wichita, Kansas, with additional operations in Israel 4.
KDT has deployed more than $4 billion across a portfolio of more than 70 direct investments 23. Unlike traditional venture capital firms that raise third-party funds, KDT invests directly from Koch’s balance sheet, giving it a flexible mandate to invest at any stage from seed to late-stage growth 5. The firm operates with a team of approximately 25 people, including three based in Israel 3.
A distinguishing feature is Koch Labs, an internal team of five people with deep Koch domain expertise who facilitate collaboration between Koch’s subsidiaries and portfolio companies 36. Through Koch Labs, portfolio companies gain access to Koch’s global capabilities in logistics, IT, manufacturing, regulatory affairs, and legal support 6. The firm also leverages its relationship with Molex, a Koch subsidiary specializing in electrical and interconnect solutions, to offer startups technical insight, go-to-market pathways, and commercialization opportunities 1.
In April 2024, Chase Koch transitioned from his role as President of KDT to Executive Vice President of Origination and Partnerships at Koch Industries, with Byron Knight assuming the role of President of KDT 34.
Stated Thesis
KDT publicly describes its mission as partnering with “principled entrepreneurs with transformative technologies” to “achieve their potential by leveraging mutually beneficial partnerships” 1. The firm states it looks for companies that can transform Koch’s core capabilities, create new capabilities, or expand Koch into new platforms 7.
Chase Koch has described the founding thesis as bringing “Koch Industries to the most disruptive and transformative founders in the world, and bring that platform as a laboratory for them to experiment in” 7. Koch has emphasized that KDT was created because Koch Industries “needed a better way to tap into the innovation in the startup community” 3.
The firm states its investment approach is grounded in three core principles: capability-based thinking (rather than industry-bound), creative destruction, and mutual benefit 7. KDT publicly emphasizes its focus on eight sectors: supply chain and manufacturing, cybersecurity, fintech, semiconductors, connectivity, enterprise software, energy, and healthcare 13.
Byron Knight has described KDT’s mission as investing “in transformative technology companies that disrupt the traditional paradigms and provide impactful solutions to make the world a better place” 8.
Inferred Thesis
Based on 67 verified portfolio companies listed on KDT’s website 5:
Sector distribution: - Healthcare: 15 of 67 companies (22%) – the largest single sector, spanning cell therapy (Cellares), drug discovery (Valo Health, Immunai), medical devices (Insightec), digital health (Rula, Oshi Health, NeuraHealth), and insurance (Sidecar Health) - Supply chain and manufacturing: 13 of 67 (19%) – heavily weighted toward autonomous logistics (Gatik, Outrider, Gideon Brothers) and supply chain software (Arkestro, Optimal Dynamics) - Cybersecurity: 9 of 67 (13%) – including industrial cybersecurity (Dragos), application security (Snyk), and identity (Beyond Identity) - Semiconductors: 9 of 67 (13%) – photonics and optical (Celestial AI, Polaris Electro-Optics, Teramount), AI chips (Rivos, Pliops), and imaging (Vayyar) - Enterprise software: 7 of 67 (10%) – including AI agents (Sema4.ai, Rhino.ai) and quantum computing (QC Ware) - Connectivity: 6 of 67 (9%) – satellite (Astranis), networking (Alkira, Nile), and wireless (Cohere) - Fintech: 5 of 67 (7%) – rewards (Ibotta), insurance comparison (The Zebra), consumer finance (Upgrade) - Energy: 3 of 67 (4%) – batteries (BlueCurrent), superconductors (MetOx), lithium extraction (Standard Lithium)
Stage distribution: KDT invests across stages, but the pattern strongly favors growth-stage companies. Most verified investments are Series B through Series D, with KDT frequently leading rounds of $50M or more. The firm’s most recent verified investment – Lucidean’s $18M seed round co-led with Entrada Ventures in December 2025 – shows willingness to invest at seed stage for strategically relevant semiconductor and connectivity companies 9.
Check sizes: KDT invests at a wide range, from co-leading an $18M seed round (Lucidean) 9 to leading a $165M Series D (Sidecar Health) 10 and a $200M Series D (Dragos) 11. Investments of $50M-$150M appear most common based on publicly disclosed rounds.
Geographic focus: The portfolio is predominantly US-based, with a secondary cluster in Israel (Insightec, Vayyar, Immunai, proteanTecs, CYREBRO, One-Layer, Teramount, Percepto, Greeneye). KDT maintains a dedicated Israel office with a managing director and associate 4.
Notable pattern – industrial and deep-tech bias: Unlike most corporate venture arms that focus on software, KDT has substantial exposure to hardware, robotics, and physical-world technologies. 13 of 67 companies (19%) are in autonomous vehicles and robotics, and 9 of 67 (13%) are in semiconductors – sectors that align directly with Koch Industries’ manufacturing and industrial operations.
Notable pattern – Koch as customer: Several portfolio companies (Dragos, Rhino.ai, Sidecar Health) have Koch Industries as a customer or deployment partner. Koch selected Sidecar Health coverage for a segment of its workforce 10. Byron Knight stated that the “Dragos Platform plays a key part in managing risk across our enterprise” 11. This dual investor-customer relationship is a distinctive KDT feature.
Co-investor patterns: KDT frequently co-invests with BlackRock (Dragos), NEA (Outrider), Innovation Endeavors, and Temasek’s Xora Innovation (Celestial AI). The firm participates in growth rounds alongside institutional crossover investors rather than traditional early-stage VCs.
Exits: KDT reports 11 unicorns, 3 IPOs, and 9 acquisitions across its portfolio 2. The most notable exit is Ibotta, which went public on NASDAQ at a market cap of approximately $2.4 billion 2.
Portfolio
| Company | Stage | Year | Sector | Source |
|---|---|---|---|---|
| Insightec | Series E | 2017 | Healthcare / Medical Devices | 12 |
| Ibotta | Series D | 2019 | Fintech / Rewards | 13 |
| Valo Health | Series B | 2021 | Healthcare / Drug Discovery | 14 |
| Astranis | Series C | 2021 | Connectivity / Satellites | 2 |
| Gatik | Series B | 2021 | Supply Chain / Autonomous Vehicles | 15 |
| Dragos | Series D | 2021 | Cybersecurity / Industrial | 11 |
| Snyk | Series F | 2021 | Cybersecurity / Application Security | 2 |
| Immunai | Series B | 2021 | Healthcare / Genomics | 16 |
| Celestial AI | Series A | 2022 | Semiconductors / Photonics | 17 |
| Celestial AI | Series B | 2023 | Semiconductors / Photonics | 17 |
| Celestial AI | Series C | 2024 | Semiconductors / Photonics | 17 |
| Sidecar Health | Series D | 2024 | Healthcare / Insurance | 10 |
| Rivos | Series A-3 | 2024 | Semiconductors / AI Chips | 18 |
| Outrider | Series D | 2024 | Supply Chain / Autonomous Yard | 19 |
| Rhino.ai | Series A | 2025 | Enterprise Software / AI | 8 |
| Lucidean | Seed | 2025 | Semiconductors / Optical | 9 |
| Alkira | ~2020 | – | Connectivity / Cloud Networking | 5 |
| Automox | ~2020 | – | Cybersecurity / Endpoint | 5 |
| Beyond Identity | ~2020 | – | Cybersecurity / Identity | 5 |
| BlueCurrent | ~2020 | – | Energy / Batteries | 5 |
| Bodo | ~2020 | – | Enterprise Software / Computing | 5 |
| Cellares | Series C | ~2022 | Healthcare / Cell Therapy | 16 |
| Cohere | ~2020 | – | Connectivity / Wireless | 5 |
| CrossnoKaye | ~2020 | – | Supply Chain / Industrial AI | 5 |
| CYREBRO | ~2020 | – | Cybersecurity / SOC | 5 |
| DeepCube | ~2020 | – | Connectivity / ML Accelerator | 5 |
| Fabric | ~2020 | – | Supply Chain / Fulfillment | 5 |
| ForAllSecure | ~2020 | – | Cybersecurity / Testing | 5 |
| Gideon Brothers | ~2020 | – | Supply Chain / Robotics | 5 |
| Greeneye | ~2020 | – | Supply Chain / Agriculture AI | 5 |
| MetOx International | ~2020 | – | Energy / Superconductors | 5 |
| Nile | ~2020 | – | Connectivity / NaaS | 5 |
| One-Layer | ~2020 | – | Cybersecurity / 5G Security | 5 |
| OnRamp | ~2020 | – | Enterprise Software / Onboarding | 5 |
| Optimal Dynamics | ~2020 | – | Supply Chain / Logistics AI | 5 |
| Paradigm | ~2020 | – | Fintech / Crypto | 5 |
| Percepto | ~2020 | – | Supply Chain / Drones | 5 |
| Pliops | ~2020 | – | Semiconductors / Storage | 5 |
| Polaris Electro-Optics | ~2020 | – | Semiconductors / Optical | 5 |
| proteanTecs | ~2020 | – | Semiconductors / Analytics | 5 |
| PxE | ~2020 | – | Semiconductors / Imaging | 5 |
| QC Ware | ~2020 | – | Enterprise Software / Quantum | 5 |
| REPOWR | ~2020 | – | Supply Chain / Asset Sharing | 5 |
| Resilience | ~2020 | – | Healthcare / Biomanufacturing | 5 |
| Rula | ~2020 | – | Healthcare / Mental Health | 5 |
| Sema4.ai | ~2020 | – | Enterprise Software / AI Agents | 5 |
| SHINE | ~2020 | – | Healthcare / Nuclear Tech | 5 |
| Speedata | ~2020 | – | Semiconductors / Analytics | 5 |
| Standard Lithium | ~2020 | – | Energy / Lithium | 5 |
| Strider | ~2020 | – | Cybersecurity / IP Protection | 5 |
| SVT Robotics | ~2020 | – | Supply Chain / Robot Integration | 5 |
| Teramount | ~2020 | – | Semiconductors / Optical | 5 |
| The Zebra | ~2020 | – | Fintech / Insurance | 5 |
| Trackonomy | ~2020 | – | Supply Chain / Visibility | 5 |
| Upgrade | ~2020 | – | Fintech / Consumer Finance | 5 |
| Vayyar | ~2020 | – | Semiconductors / Imaging | 5 |
| Via | ~2020 | – | Enterprise Software / Transportation | 5 |
| Volumez | ~2020 | – | Enterprise Software / Infrastructure | 5 |
| Weavix | ~2020 | – | Connectivity / IoT | 5 |
| Wib | ~2020 | – | Cybersecurity / API Security | 5 |
| Artera | ~2020 | – | Healthcare / Oncology AI | 5 |
| Asimov | ~2020 | – | Healthcare / Synthetic Biology | 5 |
| Bitterroot Bio | ~2020 | – | Healthcare / Immunotherapy | 5 |
| NeuraHealth | ~2020 | – | Healthcare / Neurology | 5 |
| NeuraLight | ~2020 | – | Healthcare / Neurotech | 5 |
| Oshi Health | ~2020 | – | Healthcare / Digestive Health | 5 |
| Arkestro | ~2020 | – | Supply Chain / Procurement AI | 5 |
| OneOf | ~2020 | – | Fintech / NFT | 5 |
This table represents 67 companies from KDT’s website portfolio page. KDT claims 70+ portfolio companies; this table captures approximately 96% of the publicly listed portfolio. Exact round details and years could only be verified for 16 investments from press sources; the remainder are confirmed as KDT portfolio companies via the firm’s website but lack publicly disclosed round specifics.
In Their Own Words
“How can we create a business within Koch that actually does the opposite of all that and really provides a solution that the market hasn’t seen before?” – Chase Koch, Focused Ultrasound Foundation interview 7
“We wanted to bring Koch Industries to the most disruptive and transformative founders in the world, and bring that platform as a laboratory for them to experiment in, and to be able to leverage and take our assets, and be able to unlock more value in their company than they otherwise would just taking capital from anyone.” – Chase Koch, Focused Ultrasound Foundation interview 7
“KDT seeks to create win-win opportunities with our partners to create transformative value for society. Fintech, and payments specifically, is an industry ripe for innovation and disruption.” – Byron Knight, Managing Director, Ibotta Series D announcement, August 2019 13
“We believe the Dragos Platform plays a key part in managing risk across our enterprise, delivering the products and services our customers depend on without interruption.” – Byron Knight, Managing Director and COO, Dragos Series D announcement, October 2021 11
“We see Valo’s strategy and approach to transforming drug discovery and development as highly disruptive to the industry.” – Chase Koch, Valo Health Series B announcement, March 2021 14
“Gatik’s transformational autonomous technology and world-class team are defining the standard in B2B short-haul logistics. We believe Gatik will be the first to commercialize autonomous technology at scale for the North American medium-duty trucking market.” – Chase Koch, Gatik Series B announcement, August 2021 15
“Outrider’s industry-leading technology approach, commitment to safety, and robust IP portfolio make them a standout in autonomous yard operations. We’re thrilled to support their continued growth as they revolutionize supply chain efficiency on a global scale.” – Byron Knight, President, Outrider Series D announcement, October 2024 19
“Rhino.ai’s innovative approach to legacy system modernization aligns perfectly with the urgent need for digital transformation across industries.” – Byron Knight, President, Rhino.ai Series A announcement, January 2025 8
“Focused ultrasound is a foundational technology in a platform that has the potential to help millions of lives across so many different brain disorders. There are so many different disease states that can be treated with this, that’s one of the main reasons we’re so excited.” – Chase Koch, Focused Ultrasound Foundation interview 7
What Founders Say
“We are very much in expansion mode, in growth mode, and felt that Koch Industries would add the most value.” – Gautam Narang, CEO and Co-Founder of Gatik, on selecting KDT as lead investor for the $85M Series B, August 2021 20
“We are reimagining the process of discovering and developing life-changing drugs in potentially half the time, at half the cost, and with fewer failures.” – David Berry, Founder and CEO of Valo Health, on the KDT-led Series B investment, March 2021 14
“Hospitals around the world are increasingly pursuing incisionless treatment options for their patients using our focused ultrasound therapy. This investment round elevates Insightec into a new strategic position within the health care industry.” – Maurice R. Ferre, MD, CEO and Chairman of Insightec, on KDT’s $150M Series E investment, December 2017 12
“The Series D represents further validation on the importance of our mission but is only possible due to our customers and partners.” – Robert M. Lee, CEO and Co-Founder of Dragos, on KDT co-leading the $200M Series D, October 2021 11
“Transforming enterprise systems requires more than automating isolated tasks. Our platform manages the end-to-end process, from discovery to deployment.” – Adam Branch, CEO of Rhino.ai, on the $50M Series A led by KDT, January 2025 8
Sources
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Koch Disruptive Technologies website, “About,” accessed April 2026. https://www.kochdisruptivetechnologies.com/about↩↩↩↩
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Koch Disruptive Technologies website, homepage, accessed April 2026. https://www.kochdisruptivetechnologies.com/↩↩↩↩↩↩
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Global Venturing, “Powerlist 2024: Chase Koch,” accessed April 2026. https://globalventuring.com/corporate/powerlist-2024-chase-koch/↩↩↩↩↩↩↩
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Koch Disruptive Technologies website, “Team,” accessed April 2026. https://kochdisruptivetechnologies.com/team/↩↩↩
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Koch Disruptive Technologies website, “Portfolio,” accessed April 2026. https://www.kochdisruptivetechnologies.com/portfolio↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩
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Koch Disruptive Technologies website, “Koch Labs,” accessed April 2026. https://www.kochdisruptivetechnologies.com/koch-labs↩↩
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Focused Ultrasound Foundation, “Koch Disruptive Technologies: Who They Are and Why They’ve Invested Hundreds of Millions in Focused Ultrasound,” accessed April 2026. https://www.fusfoundation.org/posts/koch-disruptive-technologies-who-they-are-and-why-they-ve-invested-hundreds-of-millions-in-focused-ultrasound/↩↩↩↩↩↩
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Newsfile Corp, “Rhino.ai Announces $50M Series A to Transform Enterprise Modernization,” January 21, 2025. https://www.newsfilecorp.com/release/237866/Rhino.ai-Announces-50M-Series-A-to-Transform-Enterprise-Modernization↩↩↩↩
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BusinessWire, “Lucidean Raises Series Seed Funding to Accelerate Next-Gen Coherent Optical Links for Data Centers,” December 23, 2025. https://www.businesswire.com/news/home/20251223818151/en/Lucidean-Raises-Series-Seed-Funding-to-Accelerate-Next-Gen-Coherent-Optical-Links-for-Data-Centers-Announces-Dr.-James-Raring-as-Chief-Executive-Officer↩↩↩
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Sidecar Health press release, “Sidecar Health Selects Koch Disruptive Technologies to lead $165M Series D Financing,” June 26, 2024. https://sidecarhealth.com/press-releases/sidecar-health-selects-koch-disruptive-technologies-to-lead-165m-series-d-financing/↩↩↩
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Dragos press release, “Dragos Raises $200 Million in Series D Funding to Safeguard the World’s Critical Infrastructure,” October 28, 2021. https://www.dragos.com/resources/press-release/dragos-raises-200-million-in-series-d-funding↩↩↩↩↩
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Insightec press release, “Koch Disruptive Technologies to lead $150 million investment of Insightec,” December 2017. https://insightec.com/news/kdt-leads-series-e/↩↩
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PR Newswire, “Ibotta Poised to Transform Digital Payments as it Becomes Colorado’s Latest Tech Unicorn,” August 6, 2019. https://www.prnewswire.com/news-releases/ibotta-poised-to-transform-digital-payments-as-it-becomes-colorados-latest-tech-unicorn-300896945.html↩↩
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Valo Health press release, “Valo Health Receives $110 Million in Funding From Koch Disruptive Technologies To Close Series B,” March 9, 2021. https://www.valohealth.com/press/valo-health-receives-110-million-in-funding-from-koch-disruptive-technologies-to-close-series-b↩↩↩
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Gatik press release, “Gatik Raises $85 Million in Series B Funding Led by Koch Disruptive Technologies,” August 31, 2021. https://gatik.ai/news/press-releases/gatik-announces-85m-series-b/↩↩
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The Times of Israel, “Israeli biotech startup Immunai raises $215m for drug discovery platform,” accessed April 2026. https://www.timesofisrael.com/israeli-biotech-startup-immunai-raises-215m-for-drug-discovery-platform/↩↩
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Celestial AI press release, “Celestial AI Closes $175 Million Series C Funding Round,” March 2024. https://www.celestial.ai/blog/celestial-ai-closes-175-million-series-c-funding-round-led-by-us-innovative-technology-fund↩↩↩
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BusinessWire, “Rivos Raises More Than $250M Targeting Data Analytics and Generative AI Markets,” April 16, 2024. https://www.businesswire.com/news/home/20240416215878/en/Rivos-Raises-More-Than-250M-Targeting-Data-Analytics-and-Generative-AI-Markets↩
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Outrider press release, “Outrider closes $62 million Series D financing to drive growth of yard automation,” October 2024. https://www.outrider.ai/press-releases/outrider-closes-62-million-series-d-financing-to-drive-growth-of-yard-automation/↩↩
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BetaKit, “Gatik raises $107 million CAD Series B round, announces Texas expansion,” August 31, 2021. https://betakit.com/gatik-raises-107-million-cad-series-b-round-announces-texas-expansion/↩