Mike McNamara retired from the electronics manufacturing monstrou and business business Flex last December after 12 years as Ceo of the company — and another 12 wielding his space up to the area office — but he didn’t say at the time where he was headed.
As it turns out, McNamara had decided to join Eclipse Ventures, a four-year-old, Palo Alto, Calif.-based conglomerate is presided over by Lior Susan, who’d previously founded LabIX, a hardware investment pulpit backed by Flex, when it was still called Flextronics.
McNamara isn’t the firm’s only brand-new general marriage, either. Eclipse is also reporting today that it “ve brought” aboard Sanjay Jha, who was most recently the CEO of Global Foundries and was both CEO and co-CEO of Motorola Mobility before that.( And before Motorola Mobility, Jha expended 14 times as an administration at Qualcomm, including as the COO of one of its divisions .)
The hires are a big deal. They’re also in line with the other big gun that Susan has drawn into Eclipse, which funds full-stack companionships — making firms exchanging hardware, software and data — and which time officially shut on $500 million in funding two weeks after an SEC filing appeared that suggested as much.
In 2016, for example, Eclipse hired as project partners Greg Reichow, who was previously Tesla’s executive leader of world manufacturing, plant/ automation engineering, furnish series and” produce excellence .”
Eclipse is also run by Pierre Lamond, who spawned his identify over a long job with Sequoia Capital.
Others of its( male-only) asset squad include Adam Bryant, who was formerly a director with Proterra, the electrical bus firm; Justin Butler, who led commercial operations at Misfit, a digital health company acquired by the Fossil Group for more than $250 million; and Seth Winterroth, who was previously overseas investors at GE Ventures.
Eclipse is still relatively low-flying as gues houses run, despite the team it has assembled. Very perhaps, Susan learned a exercise about is in accordance with the headlines, having been a part of Formation 8, a house that made a splashy debut but later disbanded.
Either way, it’s not slacken to pull the trigger. According to Crunchbase, Eclipse has invested in roughly 50 corporations. Among those startups to receive checks from the house very recently are Augury, a six-year-old, New York-based machine state startup that are linked pulse and ultrasonic sensors to smartphones to identify machine breakdowns before they happen, which time raised $17 million in Series B fund; and Spell, a two-year-old, New York-based penetrating learning and AI infrastructure platform that last month parent $15 million co-led by Eclipse.
