Situational Awareness is a San Francisco, California-based venture capital firm. Value Add VC tracks 1 company Situational Awareness has invested in and 1 venture round it took part in (1 as lead).
Situational Awareness key facts (as of )
| Fact | Value | Source |
|---|---|---|
| Headquarters | San Francisco, California, USA | SEC Form ADV (IAPD), September 16, 2026 |
| Type | Venture capital firm | Value Add VC classification |
| Assets under management | $9.3B | SEC Form ADV (IAPD), September 16, 2026 |
| Venture rounds tracked | 1 (led 1, joined 0) 1 in the last 12 months | Recent deals table on this page (each round cites its source) |
| Portfolio companies tracked | 1 | Portfolio list on this page |
Recent deals we track
1Track record: led 1 and participated in 0 of 1 tracked venture round · 1 in the last 12 months · led 1 Series A
| Date | Company | Event | Role | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|---|---|
| Jan 10, 2026 | Fluidstack | Series A | Led | $830M | $7.5B | Situational AwarenessLeadunverified | Fluidstack |
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We track Situational Awareness but have little verified detail yet.
Strategy
Recent changes
- Aug 24, 2026Aug 24, 2026SEC Probes Situational Awareness Fund's Fire Sale Pulse story
- Jan 10, 2026Jan 10, 2026Invested in Fluidstack (Series A, $830M) Fluidstack
Portfolio
1 totalCo-Investors
2Value Add Research
Latest Pulse
- Aug 24, 2026SEC Probes Situational Awareness Fund's Fire SaleThe SEC is investigating the near-collapse of Leopold Aschenbrenner's Situational Awareness hedge fund, subpoenaing Wall Street banks over a forced discount sale of its stock portfolio to Citadel after leverage of up to 400% unwound.→
- Aug 9, 2026Chip Startups Raised $10.7B In 2026 Through Early JuneSemiconductor startups raised around $10.7 billion in seed-through-pre-IPO rounds in 2026 as of June 10, according to Crunchbase News, led by Cerebras' $1 billion pre-IPO round and $500 million raises by MatX, Ayar Labs and Etched; Etched raised again in July at a $10.3 billion valuation.→
- Aug 3, 2026The AI Boom's First Real Leverage Casualty Landed QuietlyLeopold Aschenbrenner's AI-focused hedge fund shrank from roughly $45 billion to about $10 billion in weeks after a leveraged momentum trade reversed -- proof a correct AI thesis doesn't protect against leverage-driven liquidation.→
- Aug 3, 2026The Register Says the AI Bubble Is Already Popping, QuietlyA widely discussed Register piece argues the AI bubble is already deflating beneath the surface, even as headline valuations keep climbing -- landing the same week a leveraged AI hedge fund unwound.→
- Jul 31, 2026Aschenbrenner's $45B AI Hedge Fund Forced Into Fire SaleLeopold Aschenbrenner's hedge fund was forced to unwind nearly all its public stock positions after leveraged AI-infrastructure bets moved sharply against it, shrinking from roughly $45 billion to about $10 billion in weeks.→
- Jul 9, 2026SK Hynix Prices $28B Nasdaq Offering, 7x OversubscribedSK Hynix priced its Nasdaq ADS offering at roughly $158 per share on July 9 after a book that was reportedly oversubscribed 7 times, with trading set to begin July 10 under ticker SKHY.→
- Jul 7, 2026SK Hynix Launches $28B Nasdaq BookbuildingSK Hynix kicked off bookbuilding for a $28.13 billion Nasdaq ADS offering, with cornerstone investors committing up to $7 billion even as its Seoul-listed shares slid 6.7% on dilution concerns.→
- Jul 6, 2026SK Hynix Files for Record $29 Billion Nasdaq IPOSK Hynix, the world's second-largest memory chipmaker and a top supplier of AI-GPU memory to Nvidia, filed to list 177.9 million ADSs on Nasdaq under ticker SKHY, seeking up to $29.4 billion in one of the largest offerings on record.→
Situational Awareness FAQ
What stage does Situational Awareness invest at?
In the rounds Value Add VC tracks, Situational Awareness' deals were most often Series A (1); it led 1 Series A.
What companies has Situational Awareness backed?
Companies Value Add VC tracks as Situational Awareness investments include Fluidstack.
Where is Situational Awareness based?
Situational Awareness is headquartered in San Francisco, California, USA, according to SEC Form ADV (IAPD).
Who does Situational Awareness co-invest with most?
In the rounds Value Add tracks, Situational Awareness most often invests alongside Jane Street (1 shared deal), Seedcamp (1 shared deal).
Sources & methodologyshow
- Fluidstackprimary source1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.