Rajat Khare Steers Boundary Holding Through Withthegrid Exit, Signals Strategic Shift Toward Enduring Technologies

Boundary Holding, the Luxembourg-based deep-technology venture capital firm founded by Rajat Khare, has successfully completed its full exit from Withthegrid, a Netherlands-headquartered energy monitoring company. The deal, which was originally announced in early 2021, yielded the company a 2.0x multiplier on capital invested (MOIC) as per people who have been involved in the deal. More than just a milestone in financial terms this exit is an intentional reorientation of the portfolio by Boundary Holding as it prepares for the next phase of investment strategy.

Withthegrid developed its name on the Teleport Gateway platform designed to allow the monitoring of real-time and remote management of the energy infrastructure. As the interest in grid digitalization and energy analytics was growing Withthegrid benefited from the increasing adoption of market technology and expansion of infrastructure. As time passed, Withthegrid matured operationally and expanded its capabilities, reaching the point where Boundary Holding determined that the time was right to reap the benefits and redirect capital towards new opportunities.

The decision to leave was not based on doubts regarding the future of Withthegrid. It was more a reflection of Boundary Holding's tradition of investing early, encouraging expansion through the formative stages and then revolving capital after the businesses have reached a certain level of maturity. Even though the company has completed its financial departure, Rajat Khare has stated that he will continue to work with Withthegrid as an advisor non-financial position, continuing to provide strategic direction when the company begins its next phase.

When discussing the change, Khare emphasized the alignment between the company's exit and its broad policy. He also noted it was because Boundary Holding takes pride in being a partner with Withthegrid through its early stages of development, and expressed his optimism about the company's capacity for the next phase. As he said, this decision to exit is a regular process of redeploying capital regularly to future generations of technology that will have significant lasting impact.

Rebalancing Portfolios Using A Long-Term View

With the Withthegrid exit complete, Boundary Holding is sharpening its focus on cutting-edge technologies, and is consciously getting away from what it regards as an overheated environment for investment. Boundary Holding has taken on caution when it comes to the current flurry of artificial intelligence investment, specifically when capital flows into similar ventures or those that are not differentiated with increasingly high prices.

In its internal environment, Boundary Holding views the current AI investment environment as a bubble created by passion rather than solid facts. As the value of assets rises and competition grows Boundary Holding believes an inevitable market correction is inevitable. From the perspective of the firm the key issue is not if the market will correct however, it is when.

Instead of chasing the momentum of generalized or mass-market AI, Boundary Holding is taking a stand on the opposite part of the cycle. The company aims to support technology that is able to withstand changes in the market and continue to bring value long after the hype has faded. The company's philosophy is based on the durability of the technology, its real-world application and the long-term impact over the short-term view.

Specialized AI over Generalized Hype

In the realm of artificial intelligence, Boundary Holding is narrowing its application to specific applications that are designed to tackle deep operational problems. Boundary Holding believes there is a lot of potential in AI systems operating in industrial settings, where precision, reliability and safety are essential.

The areas of focus are AI-powered command and control systems and machine intelligence for robotics as well as autonomous inspection solutions and other technologies that are designed to operate in high-risk or hazardous areas. These systems are regarded not for their innovation but rather for their capacity to provide tangible results like reducing labor dependence, improving safety at work and efficiency of operations.

Automated predictive systems are also part of this area and are particularly capable of relieving strain on the workforce while also increasing productivity. Boundary Holding believes that these tools are rooted in necessity and not a trend, and are addressing issues that are not solved by the market's cycles.

Looking beyond AI towards Structural Technologies

Boundary Holding's strategies go beyond the realm of artificial intelligence. According to people who have knowledge of the firm's plans the portfolio is growing to include investments that are long-term in industries that require extensive engineering expertise as well as extended timeframes for development.

These include autonomous robotics as well as manufacturing systems that are precision and precise, as well as advanced technologies for sensing. Although these areas might not provide instantaneous visibility or speedy scaling however, they are able to address structural problems that are faced by all industries. The shortage of workers, the risk of operating work, along with the rising demand for safe and efficient infrastructure are just a few of the issues these technologies seek to resolve.

The most distinctive characteristic of these areas is their complex nature. They require continuous research, engineering expertise and patience, qualities that are in line the Boundary Holding investment strategy. Instead of chasing quick return, the company is focused on technologies that have the potential to alter the way that industries function in the long-term.

A Post-Withthegrid strategy rooted in Endurance

When Boundary Holding redeploys capital following the Withthegrid departure, the focus is not just on where to invest the money next and on determining the direction for the portfolio. The company's plan of action reflects the conscious decision to steer away from short-term cycles, and towards technology that is relevant for at least a decade.

Rajat Khare has described this as a chance to help founders with the long-term view in mind. According to him, the aim isn't to be part of crowds of attention, but to discover and support technologies that are relevant in 10 to 15 years' time further into the future.

The Withthegrid exit therefore can be seen as a conclusion and a transition, closing a successful chapter and opening the way for a more selective method of investing that is disciplined and controlled. With this change, Boundary Holding reinforces its dedication to innovation that will last and solutions created to keep pace with fashions and create benefits across all sectors.

Reference Link: https://www.deaandeelhouder.nl/nieuws/2026/01/25/523045-rajat-khare-lead-vc-firm-boundary-holding-exits-withthegrid/