Source Foundry
Funding History
| Situational Awareness Follow-On Investment · 08/2026 | $5.0B |
|---|
About
Source Foundry is developing lithography and fabrication tooling intended to make semiconductor manufacturing for AI chips simpler, less expensive, and faster than incumbent processes.
- founded
- 2025
- headquarters
- San Francisco, California, United States
- sector
- Semiconductor Manufacturing Equipment
- valuation
- $5.00B
- totalFundingDisclosed
- $500.00M
- publicStatus
- Private
Overview
Source Foundry is a San Francisco, California-based semiconductor equipment startup building new tooling for chip manufacturing, with an initial focus on lithography and upstream fabrication processes used to produce AI chips.
The company was incorporated in July 2025 by Stanford researchers Abdulmalik Obaid and Joe Burg and has operated largely in stealth since founding, while attracting investment from Sequoia Capital and the hedge fund Situational Awareness.
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