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Joseph Raffa

Venture Partner at Foresight Group

San Francisco Bay Area

Overview 

Joseph Raffa is a seasoned Venture Capital professional with a background in Advanced Computing Hardware and Applications, currently serving as a Series A Board Member in the San Francisco Bay Area. Notable highlights of his career include roles at Quantum Delta NL as Executive in Residence and Board Advisor, as well as serving on the Board of Directors at Ayar Labs. Joseph Raffa's career has been marked by his expertise in Industrial and Scientific AI/ML Platforms, as well as his involvement in high-profile companies like IBM and Boston Consulting Group, where he held leadership positions in Corporate Development and Venture Capital.

Work Experience 

  • Executive in Residence, Board Advisor

    2024 - Current

    Working closely with the Quantum Delta board to help accelerate the commercialization of quantum technologies at the country level. Projects include drug discovery, research commercialization and VC-funded spinouts. In addition, I am personally coaching, mentoring and actively helping 10-12 startups. Based in the SF Bay Area with occasional trips to the Netherlands.

  • Board of Directors

    2023

    Board Observer. Ayar Labs develops photonic I/O solutions for applications such as AI datacenters that require high bandwidth and low latency to move data.

Ayar Labs develops an optical I/O solution for applications that require high bandwidth and low latency using light to move data.

Raised $219,650,000.00 from Capital TEN, Hewlett Packard Pathfinder, GlobalFoundries, Intel Capital, IAG Capital Partners, VentureTech Alliance, Boardman Bay Capital Management, Tyche Partners, NVIDIA and Applied Ventures.

  • Venture Capital - Investing Venture Partner

    2020

    Investing in Series A companies with differentiated IP in hardware, AI-based science, simulation and decarbonization segments. https://fwt.foresight.group/ Based in the SF Bay Area.

  • Speaker and Discussion Leader

    2024 - 2024

    Quantum Computing for Drug Discovery. Speaker and discussion leader on the topic of VC-funded research spinouts and commercialization. The Network on Evolving Quantum Technology (NEQT) is facilitated by Innovation Centre Denmark Silicon Valley. This collaboration brings together distinguished partners from the NNF Quantum Computing Programme (NQCP), Quantum Foundry Copenhagen at the Niels Bohr Institute, University of Copenhagen, Berkeley Lab, BioInnovation Institute (NATO DIANA), and the Novo Nordisk Foundation.

  • Technical Advisory Board

    2020 - 2024

    Corporate development, fundraising, R&D partnerships, fabrication partnerships and product strategy. Initiated the partnership (announced December 2023) with the Advanced Quantum Testbed of Berkeley Labs focused on QPU design and fabrication. Based in the SF Bay Area.

  • Advisor, BCG Tech Ventures

    2019 - 2020

    Startup company formation based on corporate research projects. Venture capital fund formation.

BCG Securities focuses on wealth management with high net worth individuals.

  • Director, IBM Ventures (IBM Research focus)

    2015 - 2019

    Initiated IBM's outreach to quantum computer startups and their VC investors, exploring a variety of partnerships, joint development relationships and corporate direct investments. Additional focus on AI chip and infrastructure startups. Numerous small projects in additional areas, including network virtualization, enterprise AI, enterprise storage and geospatial information systems. Represented IBM as executive speaker at numerous venture capital and quantum computer industry events.

  • Director, Corporate Development (Yorktown Research spinout)

    2015 - 2017

    Explored commercialization options for a network virtualization research project in IBM Yorktown Research, include forming a venture capital funded startup spinout.

IBM is an IT technology and consulting firm providing computer hardware, software, infrastructure, and hosting services.

  • Patent Acquisition (Tessera)

    2013 - 2015

    Focused on patent acquisition to fuel Tessera's core business of IP licensing

  • Corporate Development (FotoNation)

    2013 - 2015

    M&A focused on startups developing visual processing algorithms, including face/iris/image recognition, automotive visual navigation and biometrics sensors and algorithms.

  • Venture Advisor

    2010 - 2013

    Projects include sourcing new deals and conducting due diligence for prospective new investments in information technology, energy and security startups. Paladin Capital is a venture capital firm investing in companies whose commercial products can also be applied to solve homeland security and national security issues, also known as dual-use.

  • Stategic Advisory Group

    2010 - 2012

  • Venture Consultant

    2012 - 2012

    Explored spinouts and other strategic opportunities for an advanced computer vision project.

  • EIR

    2012 - 2012

SRI Ventures is the venture capital of SRI International, which is a nonprofit, independent research center.

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