Founders Fund

Activity from announced rounds

Activity in this selectionOct 24, 2026 · Robotics · 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
5
Confirmed lead rounds
1
3 roles undisclosed
New companies
5
First participation on record · 0 follow-on
Funding in participating rounds
$408M
4 disclosed · full round size, not this investor’s share

By stage

Seed2
Series B1
Series C+1
Undisclosed1

By primary sector

Industrial tech2
Defense tech1
Ecommerce1
Robotics1

By country

United States5

Rounds

5 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
Multiply Labs

Multiply Labs builds robotics for manufacturing personalized medicines, helping drug makers produce individualized treatments with less manual work.

$75MSeries B
Participant
Westmag

American manufacturer of drone motors and robot actuators

$11MSeed
Role not disclosed
Stord

Provides fulfillment network, software, and AI helping independent brands compete on direct consumer experience

$250MSeries F
Role not disclosed
Hadrian

Builds highly automated factories producing defense and aerospace systems

UndisclosedUndisclosed
Role not disclosed