We back deep-tech companies building the infrastructure of the AI economy: power, compute, supply chain, space and health. Accredited investors join us for access to deal flow screened by AI, strengthened by co-investors and led by operators who have built and exited companies.
Carat exists to bring advanced technologies and AI into the physical world: the power, compute, supply chains, space and health systems the next economy runs on.
Lars UffhausenFounder, Managing General PartnerWe look beyond the inbox and the warm introduction. We see the whole market, so we meet exceptional founders early, wherever they build, and bring in co-investors we trust. Then we go deep on a few companies that become foundations, and work alongside their founders as they grow.
WGI.ai, the platform our partners built, tracks 330,000 startups and 30,000+ investors. We meet companies before their round gets crowded, not after.
330k startups · 30k+ investors trackedGIA, our AI research agent, scores every company on team, traction and capital needs. Partners then underwrite the technology and the path to exit, and we lead Seed and Series A rounds.
$200k – $2m initial checksOur partners ran units at Siemens, Alcoa, Jabil and Verizon, and led manufacturing for iRobot's Roomba and medical sensor production at Masimo. Now they work alongside our founders on customers, supply chains, hiring and the next round.
25 exits · 6 IPOs across the teamActive work earns us the right to lead again. We follow on in our strongest companies as they scale and recycle exit proceeds back into the portfolio.
First Fund I exit · Aarna to ArmadaCapital builds companies. Companies create impact. Impact earns returns. Returns fund the next foundation.
Capital, customers and operators who have done it before. Faster to the next milestone.
Deal flow screened by AI and backed by strong co-investors, plus the right to back our best companies again as they scale.
Clean off-grid power, longer battery life, earlier diagnosis and supply chains that hold.
Less pollution, more work per watt and fewer batteries to recycle.
Team exits and IPOs occurred before the current fund.
Cloud edge orchestration and AI automation. Aarna gets more work out of existing GPU servers to extend hardware lifecycle and maximize ROI.
Gene therapy that empowers the immune system. FDA Fast Track designation.
Series A+ ↗London
Multimode propulsion and an in-space mobility network.
Seed ↗Toronto
Bioelectronic sensors that turn any biomarker into an answer in minutes.
Seed ↗Indiana
A new way to make battery electrodes for any battery maker: PFAS-free, cured by energy instead of heat.
Series A ↗Los Angeles
Low-pressure gas turbines with integrated carbon capture for clean, distributed power.
Seed ↗Silicon Valley
The energy layer for AI data centers. Recaptures wasted GPU power.
Series A ↗Silicon Valley
AI sourcing for critical components, from batteries to semiconductors and photonics.
Seed ↗Toronto
Small modular reactors for remote communities, mines and data centers.
Series A ↗New York
WGI.aiPrivate-markets intelligence: data, AI research agents and investor matching.
SeedWe lead or join rounds alongside institutional, strategic and corporate investors. Their capital and expertise validate each company and help fund its growth through later rounds.
We invest in frontier technologies that bring AI into the physical world. Power to run it, compute to scale it, supply chains to build it, space to connect it and health to protect the people in it.
Clean, off-grid power for remote communities, industry and the AI economy.
Small modular reactors that replace diesel in remote communities and sites.
StarCoreEfficient low-pressure turbines that cut the cost and carbon of power.
DUGU SystemsA new production process for battery makers: electrodes made five times faster without toxic forever chemicals.
ATEIOS
Software that gets more from every server, and from every supply chain.
Recapture up to 30% of GPU power. More work per watt, lower cost.
Aarna · PebbleLower supply-chain cost and resilient sourcing of critical components.
SCIP$2.6T sits uninvested. AI matches founders with the right investors, with trust.
WGI.ai
Hard science with long moats and few institutional competitors.
Gene technology that empowers the immune system against serious disease.
A.G.T.Bioelectronic sensors that bring diagnostics into homes and everywhere.
ARMA BioMultimode propulsion and an in-space mobility network.
Applied Atomics
Our partners ran units at Siemens, Alcoa, Jabil and Verizon, and led manufacturing for iRobot's Roomba and medical sensor production at Masimo. Now they put that experience to work for our founders.
WGI.ai tracks 330,000 startups and 30,000+ investors, so we see companies earlier than funds that wait for an introduction.
20+ co-investors, including NVentures and Techstars, back our companies alongside us and into their next rounds.
Founders and operators who have built, scaled and exited companies. Now we work side by side with the founders we back, from New York and Boston to Washington D.C. and Silicon Valley.
We didn't leave our industries to stop building. We left to help founders rebuild them.
We back the people rebuilding the foundations of the AI economy: power, compute, supply chains, space and health. Then we work alongside them to make critical systems more resilient, more competitive and more secure.
The AI economy will be built differently. So are we.
New YorkLeads Carat's investing approach, strategy, investor relations and governance.
Founded an advanced manufacturing unicorn, created a 20x multiple at an MIT Media Lab spin-off and led corporate development at a strategic that generated over $6B of accretive growth. Has raised over $250M for startups across 20+ years from seed to public offering.
New YorkFormer President and CEO of Siemens AG, Arconic and Alcoa.
CEO and Chairman of Constellation Acquisition Corp. First CEO of NEOM. Has raised over $7B in U.S. public markets and served on boards including the World Economic Forum, Bayer, Citibank, HP and Morgan Stanley.
Silicon ValleyProduct-led deep tech in AI infrastructure, connectivity and mobility.
Former President of Buongiorno (DoCoMo). Executive Director at Verizon leading a $4B business unit. Eight years as Venture Partner advising VC and CVC funds, with 20+ years in wireless and technology.
Silicon ValleyEnterprise software and security. Leads the founder services team.
Serial entrepreneur with 3 IPOs and 3 M&As among companies he co-founded. Former CEO of Cloud Media Works and CTO at iTexico and Hitlab. Has worked with 50+ companies serving PE and VC firms.
BostonFoundational hardware and vetted manufacturing partners.
Co-founded Bolt VC Funds 1 and 2. Founded Dragon Innovation, acquired by Avnet. Led manufacturing for iRobot's Roomba line and was a Walt Disney Imagineer. Adjunct Professor at Olin College. Dartmouth and MIT.
BostonGreen tech, automation, semiconductors and sensors.
Led systems and business development at Akribis Systems and drove automation at Essentium. Led imaging and projection systems at RED Digital Cinema and medical sensor production at Masimo.
Washington D.C.Engineer and patent attorney focused on next-generation energy and nuclear technologies.
40+ years designing mission-critical systems and protecting IP as a patent attorney. Previously at the U.S. Army, NSA, Verizon, IBM and Comsat. EE degrees from MIT and Johns Hopkins, JD from Georgetown.
Our partners have started, scaled and sold companies of their own. If you're building a foundation of the AI economy, you don't need a warm intro. You need a deck.
Every application is prequalified through WGI.ai Pitch Deck Intelligence. It evaluates your deck on the same dimensions our partners assess, gives you an investor-grade evaluation back in minutes and shares your results with our team automatically.
Send your deck through WGI.ai. No warm intro and no cold email needed.
An investor-grade read on technology and moat, team, market and timing, and traction. You keep the report.
Strong candidates are flagged straight to a Carat partner, who reads your deck and reaches out.
If we invest, we work alongside you on customers, supply chain, hiring and the next round.
Deep-tech founders often struggle to balance a bold long-term vision with focused execution, and that broader vision can easily be dismissed. Carat stood out by immediately understanding our technology’s multi-industry potential while pushing us to stay grounded.
The process has been crisp, clear, respectful, transparent, and super-fast. Two weeks from first conversation to investment decision. No shortcuts on rigor, just a team that knows how to move.
Carat helped us shape our seed raise from the start. We set out to raise $1.5M and closed oversubscribed, with more than $4M in demand, including Aramco Ventures.
Carat’s value isn’t just capital deployment. It’s disciplined engagement. Their weekly involvement across product, positioning, and introductions has had a measurable impact on our trajectory.
Our Pre-Seed was 2x oversubscribed, but we made room for Carat. In diligence, they moved quickly and understood our novel science, starting with first principles before widening to market opportunity.
Carat’s profound grasp of the edge computing market and unparalleled support in accelerating customer acquisition resonates deeply with us.
Statements by founders of Carat portfolio companies, who were not compensated for them. Their experience may not be representative of other founders or investors and is no guarantee of future results.
What our partners bring to founders building hard technology, the companies we back, and how to apply without a warm introduction.
1:04The founders we back: competent, curious and trustworthy leaders who take technology to customers early and build companies that create liquidity.
0:50
.We work with accredited investors, family offices and institutions who take a long view on deep tech. The best way to start is a short call with a partner.
Pick a time for a Zoom call with a partner. When you book, we'll ask:
No call or warm intro needed. Upload your deck through WGI.ai, get an investor-grade evaluation in minutes, and strong candidates go straight to a partner.
Founders · ApplyLast updated November 4, 2026
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Last updated November 4, 2026
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