Foundation
HumanoidFull Humanoid OEMActive
- Total funding
- $11M pre-seed (Aug 2024, led by Tribe Capital) plus a Q1 2025 raise, ~$21M total disclosed; reportedly seeking a further $100M at a ~$1B valuation as of mid-2025 (unclosed as of last check)
- Valuation
- —
- Founded
- 2024
- Headquarters
- San Francisco, CA, USA
- Segment
- Full Humanoid OEM
- Status
- Active
- Founders
- Sankaet Pathak (CEO), Arjun Sethi, Mike LeBlanc
- Website
- foundation.bot
Notes
Legal name Foundation Future Industries Inc. Phantom MK-1: ~5ft 9in-5ft 11in, ~176-180 lb, 44 lb payload, 1.7 m/s walking speed. Explicitly declined the 2023 industry pledge against weaponizing general-purpose robots; secured a reported $18-24M in US Army/Navy/Air Force research contracts, and sent two unarmed Phantom MK-1 units to Ukraine (Feb 2026) for logistics/reconnaissance testing. States a goal of manufacturing up to 50,000 units by end of 2027. CEO Sankaet Pathak's prior fintech startup, Synapse, filed for bankruptcy in 2024.
Partners & deployments
AMD (compute partnership for Phantom)