Sparkwave Capital — Full Portfolio

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+109 more

Antares Industries develops nuclear reactor technology, with teams spanning nuclear, reactor hardware, and mission engineering as well as manufacturing and regulatory operations.

Advanced ManufacturingCleantechDeep TechDefense TechEnergyParker, US

JBJordan Bramble(CEO & Co-Founder)inJDJulia DeWahl(Founder)inRBRian Bahran(Chief Nuclear Officer)inMMMark Massie(Chief Engineer)inDONALD G MACK(Executive Officer, Director)

BoardJack Altman(Director)

Co-investors5353 StationsATAtacama VenturesBABalerion Space VenturesBOBoxGroupCACaffeinated CapitalHEHeartfelt Capital+22 more

Astranis manufactures small, high-powered geosynchronous satellites equipped with advanced digital processing technology for global telecommunications and connectivity services.

Advanced ManufacturingDeep TechHardwareSpace TechSan Francisco, US

JGJohn Gedmark(CEO)inRMRyan McLinko(CTO)inMike Mancini(Executive Officer)Siamak Ebadi(Lead RF Engineer)inHCHall Chen(RF Payload Design)inShraddha Pandya(Talent Acquisition)

Co-investorsANAndreessen HorowitzATATEL VenturesBLBlack FlagBOBoxGroupCACantos VenturesCHCherubic Ventures+87 more

Astro acquires land and secures grid connections for renewable energy projects, then sells the developed sites to larger energy companies.

Advanced ManufacturingAI & Machine LearningEnergyNew York City, US

AFAlex Fuster(CEO)inHouston Warren(Founder)inAndy Pflaum(Founder)Fred Schott(Founder)Jessica Jap(Founder)Marcella Moniaga(Founder)

Co-investorsY Y Combinator46468 CapitalACAC VenturesACAccelACAcrew CapitalANAndreessen Horowitz+11 more

DeepSim provides a physics simulation platform that automates complex setup procedures to accelerate engineering design workflows.

AI & Machine LearningDeep TechDeveloper ToolsEnterprise SoftwareSan Francisco, US

CMConnor McClellan(CEO)inAGAlexander Gabourie(CTO)inCKChuck Koroglu(Founder)in

Co-investorsFOFoundersX VenturesY Y CombinatorFOFoundersXLULux CapitalOUOurCrowd

Dream builds sovereign technology systems that let national governments manage critical assets and infrastructure within their own borders and control.

AI & Machine LearningCybersecurityDefense TechGovTech

SHShalev Hulio(Founder & CEO)inSebastian Kurz(Founder)in

Co-investors7G7GC & CoBABain Capital VenturesCRCriticalityGIGiTV, Inc.INInvariantes FundXTXT Venture Capital+7 more

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

Palmer Luckey(Founder)

Co-investorsANAndreessen HorowitzANAntiARArctic DigitalBABalerion Space VenturesCACastle Island VenturesCHChapter One+21 more

FINNY is a growth platform that identifies and targets financial prospects for advisors through data aggregation and automated outreach, enabling personalized client acquisition at scale.

AI & Machine LearningFintechMarketing TechSaaSSales TechNew York City, US

EOEden Ovadia(CEO)inTJTheodore Janson(CTO)inVTVictoria Toli(Founder)inAlexander Bush(Executive Officer, Director)Chris Gandolfo(Executive Officer, Director)

Co-investorsACActivant CapitalBRBreakpoint CapitalFIFinancial Venture StudioMAMaple VCRERestive VenturesVEVenrock+4 more

Hybron develops composites manufacturing technology, with all production based in the United States.

Advanced ManufacturingDeep TechNew Materials

Co-investorsGAGaingelsMAMantis Capital

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

Interlune is a space resources company developing technology to harvest natural resources from the Moon and deliver them to customers on Earth and in space.

Deep TechHardwareNew MaterialsSpace TechHouston, US

HHHarrison H. Schmitt(Director)H. Indra Hornsby(Executive Officer, Director)inRMRob Meyerson(Founder)inIndra Hornsby(Founder)inPLPrateek Lal(Executive Officer)inGary Lai(Founder)

Co-investorsAUAurelia FoundryGAGaingelsJUJude GomilaRORosecliff VenturesSESeven Seven SixSPSpacecadet Ventures+3 more

Kopra Bio develops cancer immunotherapy technology that converts cancer cells into biofactories to produce their own destruction.

BiotechHealthtechMedical DevicesSan Francisco, US

AHAlexander Haddad(Founder)inAndrew Bartynski(CEO)

Co-investorsBOBoutique Venture PartnersCHChamaeleonLELexi VenturesMEMetaplanetMYMythos Ventures Management, LlcNONoxo Capital+14 more

Mesh Optical Technologies designs and manufactures optical systems at scale, operating its own factories and building the hardware and software behind them.

Advanced ManufacturingDeep TechHardwareLos Angeles, US

Cameron Ramos(Founder)inSerena G(Founder)TBTravis Brashears(Founder)in

Co-investorsMAMantis CapitalTHThrive Capital

Nephrogen develops AI-powered AAV delivery vehicles for genetic medicines targeting kidney and pancreatic diseases.

AI & Machine LearningBiotechData & InfrastructureHealthtechMedical DevicesNew York City, US

DMDemetri Maxim(Founder and CEO)Demetri M.(Founder)inVBVivek Bhalla(Chief Medical Officer)

Co-investorsCHChicago Early Growth Ventures (CEGV)GAGaingelsNANational Kidney Foundation, Inc.NONovogenia GmbHSTStartXTETechstars+14 more

Northwood provides end-to-end ground infrastructure for space missions, from concept through deployment to live data delivery.

Deep TechHardwareSaaSSpace Tech

SLShaurya Luthra(Founder)inBridgit Mendler(Founder)Griffin Cleverly(Founder)

Co-investorsALAlpine Space VenturesALAlso CapitalALAlumni VenturesANAndreessen HorowitzAUAurelia FoundryBABalerion Space Ventures+14 more

Panthalassa is building a planetary-scale clean energy platform designed to meet global energy demand through offshore deployment with zero emissions at ultra-low cost.

CleantechDeep TechEnergy

GSGarth Sheldon-Coulson(Founder)inBrian Moffat(Founder)

Co-investorsBEBeyond CapitalCOCollaborative FundCOCompoundGIGigascale CapitalHOHOF CapitalLOLowercarbon Capital+15 more

Parallax describes itself as an AI energy company, combining artificial intelligence with the energy sector.

AI & Machine LearningEnergy

Peregrine is a data intelligence platform that transforms disconnected data into operational context for law enforcement and emergency response organizations.

AI & Machine LearningData & InfrastructureGovTechSan Francisco, US

BRBen Rudolph(Founder)inNNNick Noone(Founder)in

Co-investors13137 VenturesCOCox EnterprisesCRCraft VenturesFAFantail VenturesFIFifth Down CapitalFRFriends Family Capital+9 more

Perseus Defense builds autonomous defense systems.

Advanced ManufacturingAI & Machine LearningDefense TechHardwareRoboticsAustin, US

JCJason Cornelius(CEO)inSMSteve Messinger(CTO)inJason Cornelius Steve Messinger(Founder)

Co-investorsALAlumni VenturesBOBow CapitalGAGaingelsLOLobster CapitalMAMaiora Rebel VenturesOLOlive Tree Capital+17 more

Rocketable acquires software businesses and automates their operations by replacing human staff with AI agents across functions; the company develops tools to coordinate these agents toward shared business objectives.

Enterprise SoftwareSan Francisco, US

AWAlan Wells(CEO)in

Co-investorsMAMaiora Rebel VenturesRERebel FundSESeaplane VenturesTRTrue VenturesY Y Combinator46468 Capital+7 more

Saronic builds autonomous surface vessels — including the 180-foot, long-range Marauder — along with Echelon, a command-and-control software layer for planning, simulating and operating single vessels or fleets.

AI & Machine LearningDefense TechHardwareRoboticsAustin, US

DMDino Mavrookas(Founder)inRLRob Lehman(Founder)inVAVibhav Altekar(Founder)inDLDoug Lambert(Founder)inPDPatrick DePriest(Chief Financial Officer)inSCSoo Cho(Chief People Officer)in

Co-investors1F1Flourish Capital8V8VCADAdvent InternationalALAlpha PartnersANAndreessen HorowitzANAnti+39 more

Shield AI develops AI pilot systems for military applications including aircraft, drones, ships, satellites, and submarines.

AI & Machine LearningDefense TechSan Diego, US

BTBrandon Tseng(Founder)inRTRyan Tseng(Founder)inARAndrew Reiter(Founder)inKAKingsley Afemikhe(Executive Officer)inGary Steele(Chief Executive Officer)in

BoardKeith Dunleavy(Director)

Co-investors51515 Ventures64645 VenturesADAdvaita CapitalAFAF WPartnersALAlpha PartnersALAltra Venture+54 more

Starfish Space develops Otter, an autonomous satellite servicing vehicle that uses electric propulsion to dock with satellites for life extension and disposal.

Deep TechHardwareSpace TechTukwila, US

TBTrevor Bennett(Founder)inALAustin Link(Founder)in

BoardMBMorgan Beller(Director)inPeter Ortez(Director)LLLetitia Long(Director)

Co-investorsACACTIVATE CAPITAL PARTNERSALAlumni VenturesBOBooz Allen VenturesCACarbonDEDenver VenturesHYHypothesis+26 more

Sygaldry develops quantum-accelerated AI servers that combine multiple qubit modalities to speed up training and inference for AI models.

Advanced ManufacturingAI & Machine LearningHardwareQuantum ComputingAnn Arbor, US

CRChad Rigetti(CEO)inIFIdalia Friedson(Founder)inMeghan Hudson(Head of HR)

BoardCGChristian Garcia(Director)inASAndrew Sather(Director)inMichael Keiser(Founder)in

Co-investorsALAlumni VenturesBLBloomberg BetaCOCollaborative FundDEDetroit Venture PartnersEAEarth Venture CapitalEIEight Capital+51 more

Tailscale provides secure connectivity infrastructure.

Cloud ComputingCybersecurityDeveloper ToolsToronto, CA

APAvery Pennarun(Founder)inBFBrad Fitzpatrick(Founder)inDCDavid Crawshaw(Founder)inDavid Carney(Founder)in

Co-investorsACAccelAVAvenir Growth CapitalCRCRV (Charles River Ventures)CYCyber Mentor FundFLFlex Capital PartnersGAGaingels+9 more

Kibu is building a digital "trust layer" designed to verify the real identity of people online and prevent AI-driven fraud such as voice clones and deepfake video impersonation.

AI & Machine LearningCybersecurityEnterprise Software

Eric Keyes

Co-investorsCOConstruct Capital

Uphold provides a licensed, infrastructure platform that enables businesses to move operations on-chain and offer cryptocurrency trading and digital assets services at scale.

Crypto & Web3Fintech

SMSimon McLoughlininHalsey Minor(Founder)

Co-investorsBLBlockchain CoinvestorsINIntegra PartnersRARaptor GroupSPSparq Capital (SFO)ARArrington XRP CapitalFRFrontier Venture Capital+1 more

Washington, US

Julie Bush(Founder)Paul Kwan(Founder)CDConnor Dougherty(Founder)in

Co-investorsABAbstract VenturesFIFifth Down CapitalFRFriends Family CapitalMVMVP VenturesNANarya Capital