01
Research.
Understand the technologies, markets and competitive landscapes.
AT THE FRONTIER OF PRIVATE MARKETS
Institutional intelligence for private AI investing.
Foundry Thesis combines deep research, rigorous investment diligence and global market access across the private companies shaping the AI economy.
Explore our themesResearch. Judgment. Access.
A VIEW ACROSS THE AI ECONOMYDeep understanding. Informed conviction.
02
Judgment.
Evaluate companies, valuations, risks and transaction structures.
03
Access.
Navigate primary rounds, tenders and secondary opportunities.
The full AI economy. One connected perspective.
From the infrastructure that powers intelligence to the applications that put it to work.
07
Connected
investment themes
Compute and Semiconductors
AI chips, CPUs, memory, networking, photonics, semiconductor equipment and advanced manufacturing.
AI Infrastructure
Data centres, cloud infrastructure, inference platforms, model serving, databases, developer tools and observability.
Models and Intelligence
Foundation models, open-weight models, reasoning systems, multimodal AI, voice AI and world models.
Agents and Applications
Coding agents, enterprise agents, cybersecurity, AI-native software, vertical applications and intelligent workflows.
Energy and Industrial Infrastructure
Power generation, grids, nuclear and SMRs, gas turbines, cooling systems and the physical infrastructure required to scale AI.
Physical AI and Autonomous Systems
Robotics, autonomous vehicles, drones, industrial automation, intelligent machines, simulation, sensing and edge computing.
Scientific AI and Longevity
AI-enabled drug discovery, computational biology, precision medicine, diagnostics, ageing research, automated laboratories and advanced materials.
Companies shaping what comes next.
A selection of businesses across the technologies and markets in our investment themes.
Chai Discovery
Frontier AI for molecular design, helping scientists predict molecular interactions and design new medicines.
Scientific AI
Valar Atomics
Scaling advanced nuclear reactors to supply industrial power, data centres and fuel production.
Energy infrastructure
Periodic Labs
AI models and autonomous laboratories that run experiments and learn from the physical world to accelerate science.
Scientific AI
Isomorphic Labs
AI-driven drug discovery, building on and beyond AlphaFold to design new medicines.
Scientific AI
Anthropic
The AI research company behind Claude, developing capable, reliable and steerable AI systems.
Models and intelligence
Mercor
Connecting domain experts with AI labs and enterprises to develop training data, evaluations and AI systems.
Models and intelligence
Supabase
An open-source Postgres development platform combining databases, authentication, storage and vector capabilities.
AI infrastructure
Replit
An AI-powered software platform for building, refining and deploying applications through natural language.
Agents and applications
Databricks
A unified data and AI platform for data engineering, analytics, machine learning and enterprise AI.
AI infrastructure
Helsing
European defence technology combining AI software, autonomous systems and connected hardware.
Physical AI
Hadrian
Software-driven, automated factories expanding precision manufacturing for aerospace and defence.
Advanced manufacturing
Anduril
Autonomous defence systems connected through Lattice, its software platform for sensing, decision-making and operations.
Physical AI
Lambda
GPU cloud infrastructure for AI developers, supporting model training, fine-tuning and inference at scale.
AI infrastructureResearch.
Judgment.
Access.
Companies shown illustrate the landscape. Inclusion does not imply an investment, affiliation or available allocation. Company links lead to official websites.