Lux Capital — 2026 Investments

Cloaked builds privacy tools that let consumers create unique identities (phone numbers, emails, passwords) and control their personal data, along with data removal, an AI-powered spam and scam blocker, and a payment product.

AI & Machine LearningConsumerCybersecuritySaaSNew York, US

ABAbhijay Bhatnagar(Founder)inABArjun Bhatnagar(Founder)in

BoardMark Crane(Director)Armaan Ali(Director)

Co-investorsGEGeneral CatalystHUHuman CapitalALAll TurtlesBRBrad MillsLGLG Technology VenturesMAMantis Capital+10 more

Physical Intelligence develops generalist AI models for robotics that can control any robot to perform various tasks through learning algorithms and multi-robot training.

AI & Machine LearningDeep TechRoboticsSan Francisco, US

SLSergey Levine(Founder)AEAdnan Esmail(Founder)inBIBrian Ichter(Founder)inKHKarol Hausman(Founder)inLGLachy Groom(Founder)inQVQuan Vuong(Founder)in

Co-investorsCACapitalGKHKhosla VenturesRERedpoint VenturesSESequoia CapitalTHThrive Capital13137 Ventures+37 more

Software transforming how engineers test and operate mission-critical hardware.

Austin, US

CMCameron McCord(Founder)inBSBryce Strauss(Founder)inJHJason Hoch(Founder)in

Board seatBRBrandon ReevesBZBilal Zuberi· per SEC Form D

Co-investorsAUAudaciousAVAvenir Growth CapitalBOBoxGroupFOFounders FundGEGeneral CatalystHUHuman Capital+8 more

AlphaLit AI uses voice AI to automate legal case intake, running employment-law intake calls, scoring cases, and producing attorney-ready memos for law firms.

AI & Machine LearningLegalTechSaaS

AUAnand Upadhye(Founder)in

Co-investorsBRBright VenturesFJFJ LabsSLSlow Ventures

Anduril builds autonomous systems and software for defense and military applications, including attack aviation, unmanned aircraft, and underwater vehicles, unified by an autonomy platform.

AI & Machine LearningDefense TechHardwareRobotics

PLPalmer Luckey(Founder)inBrian Schimpf(Founder)inTSTrae Stephens(Founder)inJoe Chen(Founder)JCJoseph Chen(Founder)inMatt Grimm(Founder)

Co-investors13137 Ventures141435 Capital1F1Flourish Capital8V8VCALAliya Capital PartnersALAltra Venture+106 more

Armada provides a data and AI-driven platform called PRO® that offers real-time visibility and orchestration of supply chain operations, including demand forecasting, stockout prevention, promotion management, and food safety compliance for enterprises managing complex logistics networks.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFoodTechLogistics & Supply ChainSaaSPittsburgh, US

Co-investorsCECedar Mundi VenturesNINightDragon808090 IndustriesBLBlackRockFEFelicis VenturesFOFounders Fund+5 more

UK defence startup building low-cost interceptor missiles and solid rocket motors to counter drones and missiles.

SBSteven Barrett(Founder)inJHJunaid Hussain(Founder)inCSChris Sylvan(Founder)

Co-investors7P7percent VenturesACAccelENEntropy Industrial CapitalEXExpeditionsSPSpark CapitalSTStemAI VC+6 more

Cognition develops Devin, an autonomous AI software engineer agent that plans, writes, tests, and deploys production code within existing development environments to augment human engineering teams.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSan Francisco, US

SWScott Wu(Founder)inWYWalden Yan(Founder)inSHSteven Hao(Founder)in

Co-investors13137 Ventures2020VC8V8VCABAbstract VenturesALAlpha Wave GlobalANAndreessen Horowitz+30 more

Corridor is a San Francisco security platform that embeds real-time vulnerability guardrails and automated PR review into AI coding workflows.

JCJack Cable(Founder)inARAshwin Ramaswami(Founder)in

Co-investorsCOCompanion M Gmb HCOConvictionFEFelicis VenturesSUSunflower Capital Management FundARArtisanal VenturesSESequoia Capital+2 more

Cortex Robot builds datasets for embodied AI and robotics, including egocentric video data from real workplaces and robot trajectories for training physical intelligence systems.

Advanced ManufacturingAI & Machine LearningData & InfrastructureRoboticsSan Francisco, US

LNLucas Ngoo(CEO)in

Co-investorsPIPioneerRERebel FundTRTranspose Platform ManagementY Y Combinator46468 Capital50500 Global+14 more

Crosby is an AI-powered law firm that combines custom legal agents with attorney oversight to review contracts and answer legal questions submitted via Slack, email, or CLM triggers.

AI & Machine LearningLegalTechSales Tech

RDRyan Daniels(Founder)inJSJohn Sarihan(Founder)inJohn Sarihan Ryan Daniels(Founder)Ryan Daniels John Sarihan(Founder)

Co-investors0101 AdvisorsAVavraBABain Capital VenturesGOGood FriendsINIndex VenturesSESequoia Capital+3 more

CuspAI develops AI models for materials science and discovery, and leads the AI Materials Foundry initiative that combines accelerated computing infrastructure with chemistry data and materials expertise.

AI & Machine LearningDeep TechNew MaterialsCambridge, GB

MWMax Welling(CTO and Co-Founder)inCEChad Edwards(CEO and Co-Founder)inChad Edwards Max Welling(Founder)

Co-investorsBABasis Set VenturesHOHoxton VenturesKLKleiner PerkinsLILightspeed Venture PartnersNENew Enterprise Associates (NEA)NONorthzone+22 more

Erebor is a US national bank in Columbus, Ohio serving AI, crypto, defense and advanced manufacturing companies.

Palmer Luckey(Founder)

Co-investorsANAntiARArctic DigitalBABalerion Space VenturesCACastle Island VenturesCHChapter OneINIneffable Ventures+20 more

Fiddler AI provides an AI observability and control platform offering experiments, monitoring, guardrails, and governance for enterprise AI agents and compound AI systems.

AI & Machine LearningData & InfrastructureEnterprise SoftwarePalo Alto, US

KGKrishna Gade(Founder)inAPAmit Paka(Founder)in

BoardRJRaviraj Jain(Director)inBZBilal Zuberi(Director)inGMGeorge Mathew(Director)in

Co-investorsANAngel Collective Opportunity FundAVaVentureBEBenhamou Global VenturesBLBloomberg BetaCICisco InvestmentsDADallas Venture Capital+23 more

Flapping Airplanes is a foundational AI research lab working on the data efficiency problem, aiming to build models that reach human-level reasoning without training on vast amounts of data.

AI & Machine LearningDeep TechSan Francisco, US

ASHER SPECTOR(Executive Officer, Director)inBENJAMIN SPECTOR(Executive Officer, Director)ASAidan Smith(Founder)inAsher Spector(Founder)Ben Spector(Founder)

Co-investorsGVGV (Google Ventures)INIndex VenturesSESequoia CapitalARArgoCOConvictionFUFundomo+2 more

Glow provides endpoint protection software rebuilt from first principles using AI to shift security from reactive to proactive defense in enterprise environments.

AI & Machine LearningCybersecurityEnterprise Software

RTRoi Tiger(Founder)inOSOmer Singer(Founder)inOphir Arie(Founder)inArnon Joseph(Founder)MLMax Levchin(Founder)inMike Huang(Founder)

Co-investorsCYCyberstartsHOHolly VenturesOPOperator CollectiveRERedpoint VenturesALAllied Venture PartnersFRFreestyle Capital+7 more

Hadrian offers an offensive security platform that continuously maps an organization's external attack surface, discovers assets, and uses agentic AI to validate which exposures are actually exploitable.

AI & Machine LearningCybersecurityEnterprise SoftwareSaaSAmsterdam, NL

RFRogier Fischer(Co-Founder & CEO)inOBOlivier Beg(Co-Founder & Chief Hacking Officer)inMCMaurice Clin(Co-Founder & Head of Business Development)inTVTijl van Vliet(Co-Founder)in

Co-investorsCACapitalGCOConstruct CapitalPIPICUS CAPITAL13137 Ventures171789 CapitalALAltimeter Capital+7 more

Hanover Park is an AI-native fund administrator that combines automated services with software for investment firms, handling tasks such as bill processing, evidence collection, investment updates, LP responses, and KPI reconciliation.

AI & Machine LearningFintechSaaSNew York City, US

Chris Hladczuk(Founder)inNick Puljic(Founder)

Co-investorsBABackwards CapitalGVGV (Google Ventures)HAHarpoon VenturesSISINEWAVE VENTURESSTSteel AtlasSTStrawberry Creek Ventures+3 more

Helion develops fusion energy systems designed to generate clean electricity for commercial use.

Advanced ManufacturingCleantechClimate TechDeep TechEnergyHardwareSeattle, US

DKDavid Kirtley(CEO)inCPChris Pihl(CTO)inJohn Slough(Chief Scientist)inGVGeorge Votroubek(Founder)inAPAnthony Pancotti(Co-founder)in

BoardSASam Altman(Director)in

Co-investorsANAntiBOBoxGroupCOCongruent VenturesSOSoftBank GroupSOSoftBank Vision FundY Y Combinator+9 more

Impulse Space develops in-space mobility infrastructure and spacecraft, enabling transportation and logistics between Earth orbit, the Moon, and Mars.

Deep TechDefense TechSpace TechRedondo Beach, US

TMTom Mueller(Founder)inThomas Mueller(Founder)inEREric Romo(Executive Officer, Director)inMAMargaret Abernathy(Executive Officer)in

BoardMLMichael Linse(Director)inJohn William Raymond(Director)

Co-investors13137 VenturesALAlumni VenturesARArctic DigitalASAsahi Kasei Corporate Venture CapitalBABalerion Space VenturesBABanner VC+28 more

J.P.

Enterprise SoftwareFintechNew York City, US

Co-investorsCICivilization Ventures Management, Llc8V8VCBEBelief CapitalSISilent VenturesSVSV AngelY Y Combinator

Layup builds AI-powered automation software that guides users and acts on their behalf within complex applications, reducing adoption friction and support needs.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaSNew York City, US

RXRyan Xue(CEO)inBJBadal Jain(Founder)inMLMichael Lemm(Founder)inMikeBads

Co-investorsGAGaingelsSOSoma CapitalY Y CombinatorCECerberus VenturesFOFounders FundFOFoundersX+3 more

Leto is a software suite that helps companies manage GDPR compliance, data security, AI Act obligations and employee awareness, with an AI agent called Hari that maps personal data, audits subcontractors, classifies AI systems and generates required documentation.

AI & Machine LearningCybersecurityLegalTech

Co-investorsKIKima Ventures171789 Capital8V8VC9Y9Yards CapitalANAndreessen HorowitzCOCoatue Management+5 more

Daniel Roelker(Founder)in

Co-investorsEMEmbedded VenturesINIn-Q-TelOCOceans VenturesUPUpfront Ventures

SkyPilot is an AI compute platform that unifies GPUs across clouds, neoclouds and Kubernetes clusters for AI teams.

Co-investorsAUAugust CapitalZOZouk CapitalAMAmjad MasadAMAmplify PartnersCOCoatue ManagementFOFoundation Capital+2 more

SkySelect provides a procurement platform for the aviation industry, using real-time data and analytics to help airlines and maintenance organizations source aircraft parts and manage purchasing.

AI & Machine LearningB2B MarketplacesEnterprise SoftwareLogistics & Supply ChainSaaS

EBErkki Brakmann(CEO)inTDTia Dayal(Chief Operating Officer)inRÖRain Öpik(CTO)inALAnna Lepp(CMO)in

Co-investorsCOCorrelation VenturesFJFJ LabsINInitialized CapitalMEMetaplanetPLPlug and Play VenturesSTStudio VC+2 more

Squadra is a seed-stage venture capital firm that provides hands-on operational support, network connections, and go-to-market help to early-stage startups.

CybersecurityDefense TechBaltimore, US

Co-investorsIRIronGate Capital AdvisorsCOConstruct CapitalRERenegade Partners

Terra One develops AI models and an automated trading platform to operate large-scale battery energy storage systems (BESS, 15–1000 MW) and trade energy on European power exchanges.

AI & Machine LearningCleantechEnergy

TAThomas Antonioli(Founder)inMalte Herberg(Founder)Tony Schumacher(Founder)

Co-investorsPTPT1UNUnpopular Ventures46468 Capital8V8VCBEBelief CapitalSISilent Ventures+1 more

Terraform Labs operated in the cryptocurrency and blockchain space.

Crypto & Web3

Daniel Shin(Founder)Do Kwon(Founder)

Co-investorsDUDunamu & PartnersHAHashedHYHyperchain CapitalMEMerkle Tree Capital8V8VCBEBelief Capital+3 more

Terra Industries designs and manufactures autonomous drone and robotics systems, including surveillance UAVs, ground vehicles, and AI-powered security infrastructure, primarily for protecting critical infrastructure across African nations.

AI & Machine LearningHardwareRobotics

Maxwell Maduka(Founder)Nathan Nwachuku(Founder)

Co-investors8V8VCDFDFS Lab FrontierSISilent CapitalVEVelocity DigitalBEBelief CapitalRIRibbit Capital+3 more

Transfyr builds a sensor stack and multimodal AI models that record and analyze the physical execution of scientific experiments, capturing details that distinguish success from failure.

AI & Machine LearningBiotechDeep Tech

Co-investorsGEGeneral CatalystBRBreakout VenturesMVMVP VenturesNENeoSVSV AngelUNUnderscore VC

Unpopular Ventures (UV) is an early-stage venture capital firm that invests in startups across sectors globally.

Sector Agnostic

PLPeter Livingston(Founder)in

Co-investorsPEPeakAFAfore CapitalAMAmino CapitalCICIVGEGeneral AdvanceGOGoAhead Ventures+3 more

W4 Games provides enterprise professional services, platform ports, XR support, and premium support for teams using the open-source Godot game engine in production.

Developer ToolsEnterprise SoftwareGamingDublin 12 Ireland, IE

RVRemi Verschelde(Co-founder)inNFNicola Farronato(Co-founder & Co-CEO)inFabio Alessandrelli(Co-founder)inJLJuan Linietsky(Co-founder)inDBDarin Bifani(Executive Officer)inPaul Haycock(Executive Officer)

Co-investorsOSOSS CapitalSISisu Game VenturesTETencent Holdings

Waypoint Bio uses artificial intelligence, computer vision, and pooled screening to conduct deep phenotyping across thousands of cell therapy designs, enabling the discovery and optimization of superior cell therapy candidates for development.

AI & Machine LearningBiotechDeep Tech

Xinchen Wang, Ph.D.(Co-founder & CEO)DPDavid Phizicky, Ph.D.(Co-founder & CSO)Xinchen Wang(Founder)in

Co-investorsAMAmplify PartnersFIFifty YearsHUHummingbird VenturesMBMBX CapitalMIMitsui Global InvestmentRERecode Ventures+3 more

Westmag designs and manufactures drone motors and robot actuators for autonomous machines, with design and production based in South San Francisco using domestic and allied supply chains.

Advanced ManufacturingHardwareRoboticsSouth San Francisco, US

DAVID HANSEN(Co-Founder & CEO)inJordan Sanders(Founder)inDavid Hansen(Founder)

Co-investorsANAndreessen HorowitzANAntiMAMantis CapitalMEMenlo VenturesPAPathbreaker VenturesUPUP Partners+2 more