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§ Private Profile · San Francisco, CA, USA
Robotics startup develops advanced humanoid robots designed for complex environments, automating repetitive factory jobs in manufacturing.
Foundation is a San Francisco, California-based robotics company that develops advanced humanoid robots designed to operate in complex environments and address severe industrial labor shortages. The enterprise focuses on automating repetitive factory jobs to increase overall economic productivity, with its initial fleet of commercial humanoid robots scheduled for delivery to an automotive manufacturing original equipment manufacturer in April and May 2025. Backed by lead investor Tribe Capital, the company secured $11 million in pre-seed funding to accelerate its proprietary hardware engineering and artificial intelligence software development. Following this initial capital injection, the firm is reportedly targeting an additional $100 million venture funding round that would bring its total enterprise valuation to $1 billion. Foundation was officially established in 2024 by Tribe Capital managing director Arjun Sethi and former Synapse chief executive officer Sankaet Pathak.
Foundation has raised $18.0M across 2 funding rounds.
Foundation has raised $18.0M in total across 2 funding rounds.
Foundation has raised $18.0M across 2 funding rounds. Most recently, it raised $11.0M Pre-Seed in August 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 22, 2024 | $11M Pre Seed | Tribe Capital | — | Announced |
| Dec 19, 2022 | $7M Seed | Olaf Carlson WEE | Tyler Mincey, Gleb Dudka, Lightning Ventures, Third Prime, Unpopular Ventures, Warburg Serres | Announced |
Foundation has raised $18.0M in total across 2 funding rounds.
Foundation's investors include Tribe Capital, Olaf Carlson-Wee, Tyler Mincey, Gleb Dudka, Lightning Ventures, Third Prime, Unpopular Ventures, Warburg Serres.