Anduril
xAI
Plaid
Space Platforms
Critical infrastructure enabling access to and operations in space
Investment Focus
We Invest In
Defense Systems
Defense technology businesses combining technical advantage, strategic customers and mission-critical deployment
Financial Infrastructure
Scaled financial technology businesses with network effects, embedded workflows and international growth potential
Physical AI & Automation
Automation, robotics and intelligent hardware with real-world deployment and measurable customer outcomes
Energy Systems
Scaled energy technology with durable infrastructure demand, strong economics and measurable operating value
AI Hardware & Network
Scaled hardware and network businesses supporting AI compute, data movement and enterprise adoption
Quantum Computing
Quantum platforms with differentiated technology, institutional validation and paths toward commercial utility
Investment Criteria
Signals We Look For
A multi-dimensional view of technology, structure, leadership, customers and market credibility
Defensible edge
Proven technology, structural moats, no easy replication.
Trusted team
Respected founders, credible leadership, quality investors.
Compounding revenue
Recurring, retained, funded, and hitting its inflexion point.
Our Approach
Differentiated Investing Approach
Direct cap-table participation
We hold positions on the cap table itself — no intermediated layers.
Non-blind-pool portfolios
Investors see every asset before they commit capital.
Custom mandates
Structures built to your return, duration and exposure targets.
Connectivity with issuers
Direct relationships with companies and their sponsors, through to exit.