Voya Energy
Develops aluminum-based fuel and electrochemical generator for clean firm power
$35MSeries A
Role not disclosedFF
Founders Fund
Activity from announced rounds
Activity in this selectionOct 24, 2026 · Hardware · Jan 1, 2026
Founders Fund is a technology venture firm with partners working in engineering-led businesses across energy, infrastructure, manufacturing, transport, biotechnology and defence.
The partnership combines investing with direct company creation. Trae Stephens co-founded Anduril and serves as its executive chairman; Delian Asparouhov co-founded Varda Space Industries; Scott Nolan founded uranium-enrichment company General Matter. These roles put investors inside the work of building industrial and defence businesses.
Nolan’s investing focus includes engineering-driven startups in energy, infrastructure, manufacturing, transportation and biotechnology. Stephens brings experience developing products and expanding government business at Palantir, including in intelligence and defence.
- Rounds participated in
- 13
- Confirmed lead rounds
- 0 12 roles undisclosed
- New companies
- 13 First participation on record · 0 follow-on
- Funding in participating rounds
- $1.9B 12 disclosed · full round size, not this investor’s share
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Rounds
13 in this selectionStenon
Soil sensing company providing in-field nitrogen and soil data for agricultural decisions.
≥€18MSeries B; second close announced 12 October 2026
ParticipantHydra Host
Operates an AI data center operating system and GPU compute offtake network connecting data center operators with AI builders
$100MSeries A
Role not disclosedLayup Parts
Provides on-demand composite parts manufacturing for aerospace, defense, and motorsports customers
$42MSeries A
Role not disclosedImpulse Space
Builds highly maneuverable orbital transfer vehicles and kick stages for in-space mobility and satellite logistics
$500MSeries D
Role not disclosedWestmag
American manufacturer of drone motors and robot actuators
$11MSeed
Role not disclosedArmada
Builds modular edge AI data centers for remote, industrial, and defense environments
$230MSeries B
Role not disclosedFractile
Builds custom inference chips designed to run frontier AI models faster by co-locating memory and compute
$220MSeries B
Role not disclosedPanthalassa
Deploys autonomous wave-powered floating nodes that perform AI inference computing offshore
$140MSeries B
Role not disclosedHermeus
Develops high-Mach unmanned aircraft for national security missions
$350MSeries C
Role not disclosedHalter
Develops GPS-enabled cattle collars using sensors, software and AI.
$220MSeries E
Role not disclosedFreeform
Develops AI-native 3D-printing systems for metal components using real-time simulations
$67MSeries B
Role not disclosedAvalanche Energy
Develops modular compact fusion machines for clean energy applications
$29MSeries A
Role not disclosed