Archimedes Labs

Archimedes Labs Incubates, Accelerates and Invests in early stage Silicon Valley companies.

Archimedes Labs is a Palo Alto based incubator founded in 2005 by Keith Teare and Mike Arrington. Following TechCrunch's acquisition by AOL in 2010 it was reborn. Today the partners include Keith Teare; and Kambiz Hooshmand (Stratacom, Cisco, Applied Micro and Silver Lake). Archimedes is an incubator in the style of BetaWorks. It runs as a virtual studio and develops its own ideas into independent companies, it also partners with entrepreneurs through its acceleration program. On occasion it makes pure investments. Archimedes is focused on the mobile software, Cloud infrastructure for Mobile, Internet of Places (including beacons. sensors and big data) and Internet of People. Its standard acceleration package involves a convertible note, for 10% equity ownership. The note converts on a qualified financing as agreed between the company and Archimedes. Should the qualified financing not happen Archimedes owns no equity. There is no formal application process. Companies are selected on an ongoing basis based on the fit with Archimedes focus. So far more than 80% of Archimedes accelerated companies have gone on to raise more capital.