Ventures

Active ventures and pipeline across three verticals.

Each venture is built on the same framework: licensed technology proven at scale, an experienced operating team, and a first customer signed before funding.

First Venture
Studio Graduate
Infrastructure
Off-Grid AI

Agentic AI runs continuously and the grid can't keep up. Off-Grid AI solves it with on-site power and battery storage as part of the stack.

Project Aquarius

Caribbean Underwater Data Center
In Formation
Licensed marine engineering — pressure vessel, seawater cooling loop, mooring and deployment — with Western compute hardware, deployed in a host nation's Exclusive Economic Zone under a sovereign concession. Microsoft's Project Natick ran a sealed pod off Orkney for two years at 8x the reliability of a matched land deployment. The moat is the host-government concession, compressing an 18–24 month regulatory timeline to 6–9 months.
Buyer
Hyperscalers (wholesale colo)
Moat
Host-government concession
Comparable
Panthalassa $140M, Thiel-led
Stage
In active formation

Project Pyxis

AI Edge Compute Infrastructure
In Formation
Purpose-built edge inference fabric with energy-compute coupling at the node, hardware TEE for privacy and data sovereignty, and a distributed deployment model independent of hyperscaler regions. The US wedge is enterprise AI teams and AV fleet operators who need sub-cloud latency.
Buyer
Enterprise AI, AV fleets, smart real estate
Moat
Physical-asset access + energy coupling
Comparable
Span $419M + $75M Eaton strategic
Stage
Partner conversations active

Project Fornax

Stranded-Gas Micro Datacenters
Concept
Permian, Bakken, and Vaca Muerta flare billions of cubic feet of gas yearly. Modular gas-gen and containerized DC designs at wellhead, wrapped with Western compute, sold as inference colocation to hyperscalers or as sovereign AI capacity.
Buyer
E&P operators, hyperscaler inference
Moat
Gas offtake contracts
Capital
~$15–25M pilot
Comparable
Crusoe $1.375B at $10B+

Project Ara

Geothermal-Paired Compute
Concept
Geothermal wellhead paired with colocated DC in Kenya, Iceland, or the Philippines. Host-government concession is the moat, same playbook as the marine venture. Selling clean baseload AI capacity to hyperscalers.
Buyer
Hyperscalers buying clean baseload
Capital
~$20–30M pilot
Comparable
Panthalassa $140M Series B
Stage
Jurisdiction scoping

Project Lyra

Containerized Substation & Battery Packs
Concept
The actual bottleneck for off-grid DC sites is medium-voltage gear with 3-year lead times. Containerized MV substation and BESS units, with US assembly and UL certification as the wedge.
Buyer
Crusoe/ECL-class off-grid builders
Moat
US assembly + UL cert, 3yr lead time compression
Capital
~$10–15M pilot
Stage
Partner scoping
Automation
Robotics & Industrial Automation

Foundation models cleared the bar for embodied agents. Mature components exist. The hard part now is the integration layer between components and AI.

Project Mira

Humanoid Perception & Control Module
In Formation
Perception and control module licensed from an industrial robotics firm with thousands of deployments, with AI behavior on top, sold to Tier-2 humanoid OEMs and reshored manufacturers.
Buyer
Tier-2 humanoid OEMs, reshored manufacturers
Moat
Integration layer: components ↔ Western AI
Comparable
Figure $39B, Physical Intelligence $400M
Stage
Partner selection in progress

Project Vela

Warehouse Retrofit Robotics
Concept
AMR fleet with WMS integration and RaaS financing for mid-market 3PLs and grocery DCs that can't afford Symbotic. The US integration layer — WMS plumbing, union/OSHA compliance, financing — is the missing piece.
Buyer
Sub-Symbotic 3PLs, grocery DCs
Capital
~$5–8M seed
Comparable
Symbotic (public), Locus $150M+
Stage
Partner shortlist, customer discovery

Project Lupi

Autonomous Construction Equipment
Concept
Autonomy retrofit kit for excavators and skid-steers. Perception/control stack licensed and sold to ENR-400 contractors hitting a labor wall.
Buyer
ENR-400 contractors, earthwork specialists
Capital
~$8–12M pilot
Comparable
Built Robotics, Bedrock Robotics
Stage
Concept

Project Virgo

Specialty-Crop Agricultural Robotics
Concept
Row-crop and orchard picking robots for California specialty-crop growers. Strawberry, table grape, and citrus. Growers are desperate post-H-2A cost inflation.
Buyer
California specialty-crop growers
Capital
~$6–10M pilot
Comparable
Carbon Robotics, Monarch Tractor
Stage
Concept
Vertical SaaS
Legacy Industries on Outdated Stacks

PE rollups and labor shortages produced real buyers. The buyers are finally sophisticated enough to underwrite a full re-platform.

Project Carina

Skilled-Nursing & Assisted-Living Operations
In Formation
Integrated SNF/AL operations platform with AI — staffing, medication, family comms, reimbursement. PE rollups in US SNFs are desperate for a non-PointClickCare option.
Buyer
PE-backed SNF and AL rollups
Capital
~$5–8M seed
Comparable
PointClickCare, MatrixCare
Stage
Concept

Project Vela

Radar-Based Fall Detection for SNF/AL
Concept
77 GHz radar fall detection and resident activity sensing — no camera, no microphone, no wearable. Continuous monitoring with full privacy. Camera-based incumbents like SafelyYou cannot retrofit a privacy posture they sold against.
Buyer
PE-backed SNF/AL operators
Moat
Radar privacy posture cameras can't match
Capital
~$5–8M seed
Comparable
SafelyYou $102M, Nobi $37M Series B

Project Pavo

Auto Repair & Collision Shop OS
Concept
Shop OS with AI damage estimation and insurance integration. US collision is consolidating under Boyd, Caliber, and Gerber — all running on Mitchell or CCC tech from the 1990s.
Buyer
Collision and mechanical rollups
Capital
~$5–8M seed
Comparable
Mitchell, CCC (public)
Stage
Concept

Project Crater

Restaurant Back-of-House for QSR
Concept
Real-time inventory, dynamic pricing, and delivery orchestration for multi-unit franchisee groups. Solving problems Toast and Olo still don't do well.
Buyer
Multi-unit franchisee groups
Capital
~$4–7M seed
Comparable
Toast, Olo
Stage
Concept

Project Apus

Independent Pharmacy Platform
Concept
Integrated pharmacy ops, telehealth, and PBM mediation. US independents are getting crushed by PBMs and need a survival tool, not another point solution.
Buyer
Independent and small-chain pharmacies
Capital
~$5–8M seed
Comparable
Surescripts, EnlivenHealth
Stage
Concept

Project Mensa

FSMA 204 Food Traceability
Concept
Lot-level traceability, supplier integration, and AI food-safety record parsing for QSR chains, food distributors, and 3PLs facing the FSMA Section 204 compliance deadline (enforcement began January 2026).
Buyer
QSR chains, food distributors, 3PLs
Moat
Regulatory deadline forcing vendor decision
Capital
~$5–8M seed
Comparable
HarvestMark (Trimble), FoodLogiQ

Project Pavo

AI Contract Intelligence for Regulated Verticals
Concept
AI-native contract intelligence and obligation tracking for pharma (FDA, 21 CFR Part 11), defense (DFARS, CMMC), and federal contractors (FAR clauses, flow-down obligations). Vertical regulatory depth incumbents can't retrofit.
Buyer
Pharma, defense, federal contractors
Capital
~$6–10M seed
Comparable
Icertis $5B (2024), Sirion $135M Series D
Stage
Partner conversation, reframe

Project Corona

Residency & Citizenship-by-Investment Administration
In Formation
RBI/CBI case management, due-diligence, and source-of-funds review for Caribbean host governments and authorized agent networks. Leverages overlap with Constellate's off-grid AI host-government relationships.
Buyer
Host governments, authorized agents
Moat
Host-government relationship overlap
Capital
~$5–8M seed
Comparable
Henley & Partners, Arton Capital

Project Orion

Medical-Grade Wearable Infrastructure
Concept
FDA 510(k) wearables sold as a benefits-administration plug-in for employer wellness programs and Medicare Advantage supplemental benefits. The moat is integration with benefits workflows, not consumer brand.
Buyer
Employer benefits, Medicare Advantage plans
Capital
~$8–12M seed
Comparable
Whoop $3.6B (2024), Withings, Oura
Stage
Partner conversation, FDA diligence