NP

Naimish Patel

Proto Ventures at Massachusetts Institute of Technology

Boston, Massachusetts

Overview

Work Experience

  • Advisory Board Member, MIT Proto Ventures

    2022 - Current

    MIT Proto Ventures is a venture studio formed to identify transformative technology ventures leveraging the capabilities of MIT in fusion and clean energy.

  • Board Member

    2021

  • Advisor

    2021

  • Advisor

    2019

  • Venture Partner

    2019 - 2023

    • Directed sourcing and leadership of seed-stage investments across various sectors such as IoT, AI-based predictive platforms, computational biology, networking infrastructure, and telecom services. • Held board membership in multiple portfolio companies, providing strategic guidance and oversight to enhance their performance and growth, including Butlr, Flume, Elucidata, Biotia, and Volta. • Initiated the launch of Hyperplane’s inaugural Opportunity Fund, aimed at increasing Limited Partner exposure to later-stage financings of select portfolio companies, augmenting their growth and financial opportunities.

  • Board Member

    2021 - 2022

  • Board Observer

    2020 - 2021

  • Executive In Residence

    2018 - 2019

    • Explored and evaluated fresh investment prospects merging life sciences and software, analyzing their potential for strategic investment. • Constructed an investment thesis focused on leveraging robotic automation, computational, and algorithmic innovation to expedite advancements in pharmaceuticals and diagnostics development, resulting in multiple strategic investments in this sector.

  • Board Member

    2015 - 2017

    • Engaged as a board member at AEE, a national energy regulatory policy association dedicated to propelling grid modernization and fostering economic growth within the advanced energy sector. • Delivered expert testimony at a Congressional Committee on Energy and Commerce, addressing concerns regarding the security and reliability of the electric grid, contributing insights and expertise to crucial industry discussions.

  • Founder and CEO

    2010 - 2017

    • Assembled a diverse team of technical and commercial experts hailing from the electric power and telecom sectors. • Expanded the customer base to encompass 30 distribution utilities across North America, Europe, and Australia, with the largest customer contributing annual product revenue exceeding $2 million. • Secured $55 million in capital from three top-tier venture investors and a prominent family office to support the company's growth and development.

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