Intrepid invests in pioneering AI-powered companies across sectors, focusing on those with proven value creation who are redefining their industries.


PhysicsX is the physics AI company for industrials. Its AI-native engineering platform predicts physical behaviour in seconds rather than the hours or days that high-fidelity simulation has traditionally required, letting engineering teams evaluate thousands of design variants and carry physics insight across the full product lifecycle, from early-stage design through to real-time digital twins in operation. PhysicsX partners with leading organisations across aerospace and defence, semiconductors, automotive, energy, and materials to accelerate hardware innovation and lift engineering and manufacturing productivity.
Iterative Health is a technology-enabled clinical research platform that owns and operates a global network of community-based trial sites. Headquartered in Cambridge, Massachusetts, the Company embeds clinical research directly into care delivery, combining centralized operations, expert staffing, and AI-driven patient identification to accelerate trial execution. Its AI platform integrates with electronic health records and other real-world clinical data to systematically identify and prioritize eligible patients, improving both the scale and consistency of enrollment across sites. By improving patient recruitment and site performance, Iterative enables pharmaceutical companies and CROs to complete studies faster and more reliably. With a rapidly expanding global footprint and deep sponsor relationships, Iterative is building a new operating model for clinical development.
StackAdapt is a multi-channel programmatic advertising platform used by thousands of brands and agencies around the world. StackAdapt’s data-driven platform combines state-of-the-art machine learning with a clean and intuitive user interface to provide marketers with an easy way to plan, execute, and drive the best performance across all devices, inventory, and publishing partners. StackAdapt has been recognized as one of the fastest-growing technology companies in North America, is rated the number 1 demand-side platform on G2, and is the highest-performing and easiest-to-use platform.
Skin Analytics is a healthcare diagnostics company that uses computer vision and machine learning to detect skin cancer using a smartphone. Based in Cambridge, United Kingdom, the Company’s technology analyzes an extensive database of clinical images to help healthcare providers and insurance companies quickly assess potentially cancerous skin lesions. This approach reduces unnecessary visits to dermatologists, minimizes biopsies, and enables earlier detection of skin cancer.


Exein is an embedded cybersecurity company securing IoT and connected devices at the firmware level, where traditional network defences fall short. Its AI-powered runtime security platform protects billions of devices globally across critical industries including industrial automation, automotive, energy, and healthcare. Founded in Rome in 2018, Exein is a category leader in device-level security, enabling manufacturers to meet rising regulatory requirements and protect the physical world from cyber threats.
CoLab is an engineering collaboration platform that uses generative AI to transform design reviews. Headquartered in Canada and trusted by leading product and manufacturing teams worldwide, CoLab helps engineers capture expert feedback, surface lessons learned, and automate design checks directly from CAD. By combining large language models with deep engineering data, CoLab dramatically reduces review time, prevents costly design errors, and accelerates product development. Integrated with major PLM systems like Windchill, Teamcenter, and 3DXPERIENCE, CoLab empowers teams to make smarter design decisions and deliver better products—faster.
Blue J is a generative AI platform transforming legal and tax research. Headquartered in Toronto with operations across the US, UK, and Canada, Blue J helps professionals navigate complex tax law questions by delivering accurate, verifiable answers in seconds. The platform combines large language models with proprietary legal reasoning tools to dramatically reduce research time and free up resources for higher-level decision-making. Trusted by tens of thousands of tax professionals across organizations including KPMG and Deloitte, Blue J is redefining how legal insight is generated and applied.


Beacon is an AI-native, long-term holding company that acquires essential software businesses with a lasting promise to protect founder legacies, deepen customer love, and accelerate growth with world-class operators and cutting edge technology.