Backing deep tech founders where hardware meets intelligence.
We back the full physical AI stack, from inference hardware to working robots. Pre-seed to Series A, primarily in North America.
The GPT-3 moment for AI dissolved moats that once belonged in the world of bits.
In the same vein, AI has unlocked new moats only found in the world of atoms.
What once were dumb mechanical machines are now being trained into intelligent thinking machines.
The GPT-3 moment for physical AI is on the horizon.
Aexodus invests where hardware meets intelligence.
In physical AI, durable value sits with whoever runs machines in the field long enough to gather real operating data, ahead of whoever ships the underlying model.
The investment question is which machines will become commercially useful within the next decade, and which companies will capture the resulting value.
Aging populations, shifting immigration policy and reshoring, all at once. Robots are not replacing workers. They are filling roles nobody wants, or can safely do.
Sources: WEF, Future of Jobs 2025 · Deloitte, 2026 Manufacturing Outlook ↗
In 2023, an AI model running on a laptop could answer 23% of real-world queries as well as the big cloud models. By 2025, it was 71%. Intelligence no longer has to live in a data center. It can run on the machine itself.
Source: Intelligence per Watt · arXiv, Nov 2025 ↗
China installed 295,000 factory robots in 2024, almost 9x the 34,200 installed in the USA. Washington has raised its advanced manufacturing investment credit from 25% to 35%.
Sources: IFR, World Robotics 2025 · 26 U.S.C. § 48D ↗
We've backed the full physical AI stack. From inference hardware to working robots.
AI inference hardware. Memory-optimized chips and servers for large models.»
Rendezvous
Space infrastructure. Self-assembling structures in orbit.»
Valar
Factory-built microreactors. Power for data centers and industry.»
Standard Bots
Six-axis robot arms. Factory automation built in the US.»
Vaxon Space
Air-breathing satellites. Spacecraft built to fly in very low Earth orbit.»
General-purpose humanoid. Logistics and manufacturing.»
Persona AI
Industrial humanoid. Welding for shipyards and steel.»
Agility
Bipedal humanoid. Material handling in warehouses and factories.»
Feather
Bimanual mobile robot. Hardware for physical AI developers.»
Agricultural field robotics. Precision thermal weeding.»
Vantage
Reconnaissance drones. Defense and public safety.»
Barn Owl
Autonomous nano tractors. Weeding and planting for smaller farms.»
We think the early-stage window for physical AI is right now.
If you see what we see, drop us a line.
Market outlook
All insights →
The Shipbuilding Bull Run and the Picks-and-Shovels Playbook
The welder shortage, the US-China shipbuilding gap, and where we see physical AI being deployed
Read on Substack →
SpaceX's IPO and the Space Infrastructure Market
A Market Outlook of One of the Most Anticipated Listings of 2026
Read on Substack →Positron raises its Series C to bring new chips to market
Positron builds hardware for running large AI models.
Read →Agility opens a Fremont hub to teach Digit new skills
Engineers there train and test the AI behind the robot.
Read →Persona AI's humanoid welds, guided by a remote operator
A test at a working industrial site in Houston.
Read →Apptronik puts Apollo to work in its expanded Robot Park
Robots there gather real-world data for Google DeepMind's AI models.
Read →Tensorfield explains how its weeding robot sees each plant
A talk by its CEO at SPIE Photonics West in San Francisco.
Read →
