Debjit Mukerji, Partner at NGP Capital, explains why deep tech’s defining moment has finally arrived. Drawing on a thesis-driven approach, he shares how he evaluates companies at the intersection where “atoms meet bits”, backing founders building in the physical world. Debjit breaks down the convergence of three powerful forces—labor shortages, generative AI’s expansion into industrial use cases, and faster hardware development cycles—that are unlocking a new era of opportunity for physical technology companies. In this episode, you'll learn: [05:28] Why venture capital? [07:40] Inside NGP Capital’s deep tech focus [11:05] Why now is the moment for deep tech [17:02] What Debjit looks for in founders [19:17] The Tractian story: founder intensity [31:39] Key deep tech trends: Robotics & AI [35:43] What makes a great deep tech pitch The nonprofit organization Debjit is passionate about: MedShare About Debjit Mukerji Debjit Mukerji is a Partner at NGP Capital, where he focuses on Deep Tech investments across robotics, AI, and industrial systems. With over two decades in venture capital, Debjit brings a strong technical foundation, holding a PhD in mechanical engineering from Stanford University. His career has spanned roles across multiple leading firms and industrial technology platforms, where he has consistently focused on translating breakthrough research into real-world impact. He is particularly passionate about backing founders building at the intersection of software and the physical world—where innovation is hardest, but most enduring. About NGP Capital NGP Capital is a global venture capital firm dedicated to investing in Deep Tech companies. With a focus on “digital-physical convergence,” the firm backs startups that apply AI, software, and hardware to transform physical industries. NGP Capital invests primarily at the Series A and B stages, with a global footprint spanning North America, Europe, and beyond. The firm partners closely with founders building in sectors such as robotics, industrial software, space technology, and connected systems, supporting companies that aim to redefine how the physical world operates. Subscribe to our podcast and stay tuned for our next episode.

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