Founders Fund
Facts
- HQ
- returning alongside new backers
- Sectors
- Venture Capital
Nominal opens permanent Seattle office, led by Stephen Slattery, after $80M raise at $1B valuation
Los Angeles-based industrial-software startup Nominal is opening a permanent Seattle office, led by Stephen Slattery, and plans to more than double its local team after raising $80 million at a $1 billion valuation. The company, which serves defense, energy, robotics and automotive customers, cited Seattle's engineering and aerospace talent as key reasons for the expansion.
OpenAI’s Kevin Weil Joins Stoke Space Board as Company Prepares First Launch of Fully Reusable Nova Rocket
OpenAI chief product officer Kevin Weil has joined the board of reusable rocket startup Stoke Space as it prepares for the launch of its fully reusable Nova rocket. Weil's expertise in scaling tech and AI products is expected to help guide Stoke from development to commercial operations.
Avalanche Energy Secures $29M Led by RA Capital to Develop Desktop-Sized Fusion Power and Launch FusionWERX Facility
Seattle's Avalanche Energy raised $29 million led by RA Capital Management to advance fusion power and open FusionWERX, a commercial-scale test facility in Washington. The funding supports developing compact fusion devices for specialized applications, diverging from competitors focusing on large-scale fusion reactors.
