PALO ALTO, Calif.-- February 06, 2019 - Eclipse Ventures, the firm focused on full-stack companies, announced today the addition of two new general partners. Mike McNamara comes to Eclipse from Flex (NASDAQ: FLEX), where he served as CEO. Sanjay Jha previously led Global Foundries and Motorola Mobility. The technology executives join the firm as it closes its third fund, a $500 million early-stage fund focused on investing in full-stack companies.
Eclipse operates under the investment thesis that full-stack companies are key to disrupting legacy industries. These companies vertically integrate multiple technologies to create a complete, comprehensive solution, rather than simply innovating on one area of the stack.
Because full-stack companies are designed to tackle significant and complex problems at a systemic level, they require clear guidance, creative thinking and actionable insight from proven leaders. Mike McNamara and Sanjay Jha add even more of this expertise to the already strong Eclipse team.
“Mike and Sanjay have enjoyed very impressive careers running complex, vertically-integrated companies,” said Lior Susan, founding partner of Eclipse. “Mike is an unrivaled manufacturing and supply chain expert, whom I have known and worked with for many years. Sanjay is one of the most successful executives from the semiconductor and consumer telecom industries. We are excited to add their talents to our team as we continue to provide the operational discipline necessary to successfully build companies that will redefine industries.”
For the past 12 years, Mike McNamara served as CEO of Flex, one of the world’s largest, multinational technology manufacturing companies. During his tenure, McNamara oversaw operations in more than 30 countries, with an employee base of over 200,000 people. Flex nearly doubled its size under his leadership, particularly as McNamara led many successful acquisitions, including the $11B acquisition of Solectron. Covering everything from aerospace and defense, medical devices, consumer electronics to soft goods, the level of complexity and multi-disciplinary execution McNamara has navigated is invaluable to any full-stack startup.
“For the past decade, technological innovation has been relatively incremental, but an opportunity now exists for substantive transformation and disruption through full-stack models,” said Mike McNamara, Eclipse’s new general partner. “I believe that we can rebuild complex systems such as transportation, manufacturing, healthcare, and construction using stacks of today’s technology to meet tomorrow’s needs.”
Similarly, Sanjay Jha was most recently CEO of Global Foundries, creator of semiconductor technologies for a broad array of verticals. Global Foundries’ technology has powered some of the highest-growth industries of the last few years, most notably IoT and AI. Before joining Global Foundries in 2014, he was Chairman and CEO of Motorola Mobility. He also served as the COO of Qualcomm and President QCT for nearly a decade. Jha’s ability to spot and work with incredible entrepreneurs in both corporate M&A and angel investing underscores his value to the Eclipse team and the entrepreneurs it serves.
“Eclipse has differentiated itself through a bold approach to investing,” said new partner, Sanjay Jha. “Because of its laser focus and unwavering commitment to full-stack, I am confident that Eclipse’s portfolio companies will redefine the industries that impact our lives. This is a mission I can throw all of my energy behind, and I cannot wait to roll up my sleeves and get started.”
To learn more about Eclipse, please visit www.eclipse.vc.
Eclipse was founded to meet the unique and unmet needs of entrepreneurs building full-stack startups: companies integrating multiple layers of technology such as hardware with software, data and AI. The firm believes these companies will power the future. Eclipse is uniquely equipped to provide founders with the expertise and operational discipline necessary to build industry-redefining companies. The company espouses disruption and change at the systemic level.