Analysis
Foundry Robotics raised an oversubscribed $100 million Series A led by Marlinspike Partners, with Khosla Ventures, Red Glass Ventures, new investors SE Ventures, Wing VC and Axiom Ventures, and existing backers Hanabi and Zero Shot Fund all participating, Pulse2.com reported on October 29, 2026. Ventureburn's coverage of the same round confirms the amount, lead investor and the Emeryville, California headquarters.
What Foundry Robotics does
Foundry builds and runs autonomous factories for complex product assembly, pairing AI-driven robotics with experienced manufacturing staff under a manufacturing-as-a-service model: Foundry owns and operates its own facilities, so customers don't need dedicated production lines of their own. Its target markets include drones, autonomous-vehicle subassemblies, wire harnesses, underwater vehicles, telecom and data-center infrastructure, ground robots, rugged computers, robotic compute systems and satellites. The company's software platform, FoundryOS, links robotics, factory operations and cloud infrastructure, with reconfigurable assembly cells that the company says improve as they collect production data. CEO and founder Adarsh Kulkarni previously worked at Ghost Robotics and served as Scale AI's inaugural Head of Robotics; co-founder Emmanuel Lamacchia was a program manager responsible for Tesla's Model Y manufacturing program.
Foundry's funding history and who invested
Neither Pulse2 nor Ventureburn discloses a prior funding round for Foundry, describing this $100 million round as its Series A. Marlinspike Partners led the round. Khosla Ventures and Red Glass Ventures returned as early backers, alongside new investors SE Ventures, Wing VC and Axiom Ventures and existing investors Hanabi and Zero Shot Fund.
“Neither Pulse2 nor Ventureburn discloses a prior funding round for Foundry, describing this $100 million round as its Series A.”
"Our mission is to revitalize U.S. manufacturing and create more capacity to build and scale critical product assembly," Kulkarni said, according to Pulse2's reporting. Mislav Tolusic, Marlinspike's managing partner, said: "Defense and industrial equipment manufacturers urgently need more domestic assembly capacity, and Foundry is delivering."
US manufacturing capacity and the demand behind it
Duane Fotheringham, president of HII Unmanned Systems, said "production capacity is a national constraint on getting unmanned systems to the fleet" -- the specific bottleneck Foundry is positioning itself to solve. Foundry's bet echoes the broader push toward reshoring complex electro-mechanical manufacturing that has drawn capital into U.S. defense-adjacent supply chains this year, though neither report names other contract manufacturers or comparable deal figures.
What to watch next
Foundry has not disclosed a valuation for this round, how many customers it currently serves, or an exact founding date -- gaps worth watching as the company scales into its new facility. Neither report names a specific customer contract or a dollar figure tied to Foundry's current order book, which makes the $100 million raise a bet on future demand rather than a disclosed backlog.
The number to track next round is utilization at the Emeryville factory: a twentyfold increase in footprint only pays off if Foundry fills that capacity with paying production volume rather than pilot programs. If Foundry can show a named defense or industrial customer running real volume through the new site within a year, that would separate it from the wave of robotics startups raising on roadmap alone, as Pulse's funding tracker keeps tabs on more U.S. manufacturing-as-a-service deals this year.