A Silicon Valley Venture Studio

Physical infrastructure
for the AI era.

Resolving the bottlenecks that keep compute from reaching demand.

Three Constraints We're Solving

Power

Energized capacity is the binding limit

U.S. data-center demand is projected from 23 GW to 134 GW by 2030. Stranded and curtailed power is the fastest unlock.

Interconnection queues: 2,300 GW · 5–10 yr

Place

Compute is being pushed to new ground

Land, water, and grid access push compute behind-the-meter, offshore, and into underutilized commercial real estate.

U.S. DC water use up 170% by 2030 · 45% of sites face water stress

Permission

Regulation keeps some compute local

Sovereign data laws and on-site inference requirements mean finance, healthcare, and defense need in-jurisdiction capacity.

71% of AI inference runs at the edge in 2026 · $118B market

Our Investment Strategy

01

Technology

Working prototype validated. We build the highest-value layer and license or partner for everything else.

02

Customer

Contract-backed demand before the venture raises externally. Revenue validated by signed agreements, not forecasts.

03

Team

Executive team in seat. CEO, CTO, and key operators recruited as part of building each venture to Series A readiness.

Partners

Jateen Parekh
Jateen Parekh
Hardware & Innovation
Creator of the Kindle. Architect of the first DVR. Three founder exits. 20+ patents.
JP Chen
JP Chen
Software & Monetization
Amazon, Twitch, Deloitte. Founder of Cal6ix. Built and scaled products to millions of users.
Frank Zheng
Frank Zheng
Strategy & Research
PhD in Applied AI. Humboldt Fellow. Former professor, Chinese Academy of Sciences. COO, Alcatel Smart Terminals.
Henry Xu
Henry Xu
Sovereign Relations
20+ years cross-border technology commercialization. AFZ Capital, XERON Australia. On the ground across three continents.
Yolanda Lin
Yolanda Lin
Finance & Capital
15+ years in global VC, PE, CVC & cross-border M&A. Baoneng, Ping An Ventures, and Tongcheng Travel. MBA Finance, SAIF (MIT Sloan & Bocconi).

Portfolio

In Formation

Fornax

Power · Stranded Power Compute

Modular compute at curtailed renewables and retired-coal interconnects. Contracted offtake, project-financeable.

 In Formation

Pyxis

Place · Commercial Building Compute

Modular nodes in commercial real estate monetizing spare behind-the-meter power. Revenue shared with property owners.

 In Formation

Corona

Permission · Regulated AI Infrastructure

In-jurisdiction, compliance-aware capacity for finance, healthcare, and defense. Premium recurring revenue.
View All Ventures →

Get in Touch

San Francisco Bay Area

Investors

Request materials or schedule a conversation about our fund and studio.

investors@constellatepartners.com

Operators

We're building executive teams across every venture in the portfolio.

careers@constellatepartners.com

Technology Partners

Mature, commercially proven technology ready for new markets.

partners@constellatepartners.com