SAN FRANCISCO--(BUSINESS WIRE)--Hosein Khajeh-Hosseiny, PhD, until recently the CEO and Managing General Partner of Northgate Capital -- a venture capital and private equity firm – and alongside that a Senior Advisor at McKinsey & Co., today announced the formation of a new company: Open X Innovations LLC. He sold all his equity ownership in Northgate in 2016. Open X Innovations will provide proprietary funding to start-ups, take on those companies’ key funding tasks, consult on product def.