Cambium Capital

About Cambium

We believe a new era of computing is upon us.

The computing power we hold today in the palm of our hands exceeds what most believed possible when the first microprocessors were built 50 years ago. Despite this incredible progress, a material gap has developed in the past decade between the expected improvements from Moore’s Law and current capabilities for computing power. This gap will only widen as traditional semiconductor manufacturing technology approaches fundamental limits.

The deceleration of improvements in classical computing hardware is happening exactly when demand for computing power is exploding, driven by traditional industry and emerging technologies such as autonomous vehicles, personalized medicine, and smart cities. Data centers, smart edge devices, robots, and factories all need continued advancements in semiconductors, memory, interconnects, sensors, and low level software that consume less energy and produce less heat. None of this can be realized without new computing paradigms.

At Cambium, that’s what we invest in.
We fund the future of computation.

Our team has decades of experience working as entrepreneurs, researchers, and investors on the development and commercialization of new computing paradigms. At Cambium, a new computing technology has to be more than just interesting – it has to be the foundation of a viable company. We’re comfortable taking technology risks because of our ability to see the end game. We’re investors that deeply understand the technical and business challenges of advanced computing startups.

We source investment ideas from a deep network of relationships across academia, government, established companies, entrepreneurs, and other investors. We collaborate with other early stage investors who value our technical insights. Over our careers, we have funded over 100 companies, university research groups, and government labs in over 15 countries.

Most VCs invest broadly across sectors.
We believe in specialization.
If you are developing breakthrough advanced computing technology, please connect with us.
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Our People

David Moehring, PhD Co-founder and General Partner

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Landon Downs, CFA Co-founder and Managing Partner

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Peter Ort General Partner and COO

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Bill Leszinske Operating Partner

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Landon Downs, CFA Co-founder and Managing Partner

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David Moehring, PhD Co-founder and General Partner

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Peter Ort General Partner and COO

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Bill Leszinske Operating Partner

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EIR/Advisors
Brian Cline

Brian Cline Entrepreneur in Residence

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© 2023 Cambium Capital Management LP.  All rights reserved.

David Moehring, PhD Co-founder and General Partner

David focuses on deal sourcing and diligence, and assisting portfolio companies on business and technical strategy. Prior to Cambium, David was the founding CEO of IonQ (NYSE: IONQ), where he led the development of its general-purpose quantum computers. Before IonQ, David was a Senior Program Manager at the Intelligence Advanced Research Projects Activity (IARPA) where he managed a multinational research portfolio, and represented IARPA on the US National Strategic Computing Initiative. Prior to IARPA, David was a Senior Member of Technical Staff at Sandia National Laboratories and an Alexander von Humboldt Postdoctoral Fellow at the Max Planck Institute for Quantum Optics. David received his Bachelor’s Degree in Applied Physics from Purdue University and his Masters and PhD in Physics from the University of Michigan. President Barack Obama awarded David with the 2014 Presidential Early Career Awards for Scientists and Engineers.

Landon Downs, CFA Co-founder and Managing Partner

Landon focuses on deal sourcing and diligence, and assisting portfolio companies on business strategy. He is also co-founder and President of 1QBit, a global leader in the development of hardware-agnostic software solutions across quantum, quantum-inspired, and classical computing hardware platforms, including CPUs, GPUs, FPGAs, ASICs, quantum annealers, and gate-model quantum computers. He was also Founding Partner at Agentis Capital, a boutique finance firm that has advised on more than C$25 billion in transactions and provides asset management services to over C$6B of assets. Landon’s accomplishments span a diverse range of leadership roles, from venture investing to co-founding startups, negotiating mergers and acquisitions to advising on some of the largest public-private-partnership infrastructure transactions in Canada. Throughout his career he has advised on the deployment of over C$6 billion of capital. Prior to 1QBit and Agentis, Landon worked at the Macquarie Group in the investment banking division. Landon received a Bachelor of Commerce with distinction from the University of Victoria, is a CFA Charterholder and completed Singularity University’s Executive Program. He participated in the formation of the UN’s AI and Robotics Centre and is a World Economic Forum Technology Pioneer. He currently serves as the President and a Director of Acumen Canada (the Canadian arm of Acumen Fund) and the Chair of the board of the Quantum Algorithm Institute in British Columbia.

Peter Ort General Partner and COO

Pete focuses on fund operations, deal sourcing and diligence, and has invested in dozens of companies and funds over the course of his career. He previously co-founded CurAlea Associates, an award winning firm providing customized software and advisory solutions to asset managers and investors. Previously, Pete was a Managing Director at Karsch Capital and Goldman Sachs, where he was co-head of the Hedge Fund Strategies Group and also worked in private equity and investment banking. Pete received a Bachelor of Arts from Duke University and JD/MBA degrees from New York University. He is a member of the New York and New Jersey State Bars and was a Fulbright Scholar at Nagoya University in Japan.

Bill Leszinske Operating Partner

Bill focuses on Strategy and Strategic Planning, Product Management, Go to Market planning, and ecosystem development. He previously spent two years at Cambium portfolio company Groq as VP Product, Marketing and Software Engineering. Bill also spent ~30 years at Intel where he was responsible for strategic product planning and business development for the Non-Volatile Memory Solutions Group and directed Intel’s memory and storage investments. His experience there spanned multiple business units including Sales, Client Chipsets, Digital Home, and Atom System on Chip Development. Finally, Bill spent three years at McKinsey as Senior Advisor, working on strategic semiconductor engagements. He received his Bachelor of Science in Electrical Engineering from Texas A&M University.

Brian Cline

Brian Cline, PhD Entrepreneur in Residence

Brian assists with technical due diligence, investment summaries, and investor communications.  As an EIR, Brian is also focused on co-founding a new deep-tech hardware startup.  Prior to Cambium, Brian spent ~13 years at Arm where he served as Senior Principal Engineer in Arm’s Research group.  While at Arm, Brian led a technology pathfinding team that brought novel technologies like advanced packaging and 3D-ICs, cryo-computing, and plasmonics into computer systems.  Brian has also worked extensively with consortiums like Imec and the Semiconductor Research Corporation (SRC), as well as university partners, to advance the microelectronics industry in design, devices, and EDA.  Brian served as Arm’s Chief Liaison for SRC’s JUMP ASCENT program and was also their Science Advisory Board representative for both JUMP and nCORE.  He has co-authored 30 patents, more than 60 publications, and has >2,000 citations.  He was awarded SRC’s Mahboob Khan Outstanding Industry Liaison twice, in 2017 and 2021.  Brian received his Bachelor of Science in Electrical and Computer Engineering from the University of Texas at Austin and his Masters and PhD in Electrical and Computer Engineering from the University of Michigan.