Founders Fund

Activity from announced rounds

Activity in this selectionAI · Series A

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.

Sources
Rounds participated in
3
Confirmed lead rounds
—
3 roles undisclosed
New companies
3
First participation on record · 0 follow-on
Funding in participating rounds
$185M
3 disclosed · full round size, not this investor’s share

By stage

Series A3

By primary sector

AI2
Defense tech1

By country

United States3

Rounds

3 in this selection
Hydra Host

Operates an AI data center operating system and GPU compute offtake network connecting data center operators with AI builders

$100MSeries A
Role not disclosed
Poetic

Automates complex enterprise processes for finance and insurance with reliable AI

$50MSeries A
Role not disclosed
Swarm Aero

Develops large uncrewed aerial vehicle swarms and command and control software

$35MSeries A
Role not disclosed