Frost Data Capital

Frost Data Capital creates startups in-house rather than sourcing them externally. The firm identifies data-intensive industrial problems alongside a corporate partner, then assembles a founding team, provides initial capital, and houses the venture in one of its physical 'Frost Labs.' The lab environment supplies shared engineering and go-to-market resources, accelerating the startup from concept to first corporate pilot.

Frost Data Capital concentrates on enterprise artificial intelligence, industrial IoT, predictive maintenance, and operational technology security. It applies machine learning and data analytics to heavy industries like oil and gas, manufacturing, and energy distribution, primarily where corporate partners can offer live test environments and anchor contracts.

Frost Data Capital operates a Frost Labs facility in Dhahran, Saudi Arabia, in collaboration with Saudi Aramco and its venture arm Wa'ed Ventures. The partnership incubates startups focused on applying AI and data analytics to challenges in the energy sector, leveraging Aramco's operational scale as a proving ground. The initiative was active as of 2023 (per Saudi Aramco communications).

The firm maintains Frost Labs incubator spaces in San Ramon, Santa Clara, and Laguna Niguel, California, as well as a lab in Dhahran, Saudi Arabia. It also lists an office in Fairfield, Connecticut. These locations serve as co-location hubs for its internally built startups.