Founders Fund

Activity from announced rounds

Activity in this selectionOct 24, 2026 · Industrial tech · 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.

Sources
Rounds participated in
10
Confirmed lead rounds
1
7 roles undisclosed
New companies
9
First participation on record · 1 follow-on
Funding in participating rounds
$5.7B
9 disclosed · full round size, not this investor’s share

By stage

Seed3
Series B3
Series C+2
Series A1
Undisclosed1

By primary sector

Defense tech5
Industrial tech2
AI1
Hardware1
Mobility1

By country

United States9
Netherlands1

Rounds

10 in this selection
Arda Industries

AI software that turns product designs into assembly plans and keeps manufacturing lines current as designs change.

$72MPreviously undisclosed seed
Lead
Crusoe

AI infrastructure combining GPU cloud services, managed AI tools, large-scale data centers and modular AI factories for model developers and enterprises.

$3.9BSeries F (initial close; anticipated total)
Participant
Hadrian

Builds highly automated factories producing defense and aerospace systems

$1.4BSeries D
Participant
Senra Systems

Software-driven manufacturing company modernizing wire harness production

$65MSeries B
Role not disclosed
Layup Parts

Provides on-demand composite parts manufacturing for aerospace, defense, and motorsports customers

$42MSeries A
Role not disclosed
Westmag

American manufacturer of drone motors and robot actuators

$11MSeed
Role not disclosed
Nominal

Offers software for hardware engineers to test designs

$80MSeries B+
Role not disclosed
Freeform

Develops AI-native 3D-printing systems for metal components using real-time simulations

$67MSeries B
Role not disclosed
Onodrim Industries

Develops defence industrial platform for Europe's security and resilience

€40MSeed
Role not disclosed
Hadrian

Builds highly automated factories producing defense and aerospace systems

UndisclosedUndisclosed
Role not disclosed