Colorado ONE Fund Invests in Okika Devices as Company Establishes HQ at Catalyst Campus in Downtown Colorado Springs

COLORADO SPRINGS, Colo., Aug. 28, 2025 /PRNewswire/ -- Colorado ONE Fund, a regionally focused venture arm of ONE Funds, which backs critical technologies that advance Colorado's innovation economy, has announced a strategic investment in Okika Devices, a leading developer of Field Programmable Analog Array (FPAA) integrated circuits. This investment follows Okika's recent relocation of its headquarters to Catalyst Campus in downtown Colorado Springs, a hub for aerospace, defense, and advanced technology collaboration.

Led by a team of semiconductor industry veterans, Okika Devices develops reconfigurable analog chips and hardware development platforms that enable real-time signal processing. Its FPAA technology bridges the gap between digital and analog computing, delivering low-latency, low-power solutions for a broad range of defense, industrial, and sensing applications.

"We are committed to accelerating innovation that strengthens our national security and technological edge. Our investment in Okika Devices represents that mission in action," said Kevin O'Neil, CEO of ONE Funds. "Okika's breakthrough work in analog integrated circuits is exactly the kind of critical capability we need to support, and we are proud to help power their growth here in Colorado Springs."

"We're thrilled to partner with ONE Funds at this pivotal stage," said William Staunton, CEO of Okika Devices. "With our new headquarters at Catalyst Campus, we're building a world-class team in Colorado Springs to advance FPAA technology. Just as FPGAs reshaped digital design, FPAAs are set to redefine analog, delivering faster development, lower costs, and greater energy efficiency. The future of intelligent electronics is analog, and it starts here."

About Okika Devices
Okika Devices is a pioneering company in the field of analog signal processing, specializing in the development of Field Programmable Analog Arrays (FPAAs). These innovative integrated circuits allow for the dynamic configuration of analog functions, enabling engineers to design and reconfigure analog circuits through software, similar to how FPGAs are used in digital circuit design. This flexibility significantly reduces development time and cost, making it easier to prototype and deploy complex analog systems. Learn more at www.okikadevices.com.

About ONE Funds
Founded in 2023, ONE Funds focuses on impact investing in the defense sector. With a unique ecosystem, ONE Funds connects defense technology innovators with government leadership, applying a strategic consortium model to grow small businesses. Boasting 250 years of cumulative defense experience, ONE Funds invests in aerospace and national defense technologies to deliver strong returns while advancing critical security innovations. As part of ONE Funds, Colorado ONE Fund partners with the Colorado Venture Capital Authority (VCA) to back early-stage, high-impact technologies supporting national defense. Learn more at www.onefunds.com.

German Nunez (ONE Funds)
Managing Director 
[email protected]

SOURCE ONE Funds