Source Foundry
Source Foundry is positioned in the AI chip and semiconductor sector, focusing on hardware to support artificial intelligence workloads. The company operates in a capital-intensive space and, according to reporting, is pursuing research and development aimed at advancing AI processing architectures. Source Foundry received a $400 million investment from Situational Awareness to provide runway for its technical milestones and R&D efforts. Public reporting frames the startup as aiming to scale and potentially challenge established players in the chip ecosystem. No revenue, user, founding year, or location details were disclosed in the articles.
Founded by Abdulmalik Obaid (Co-founder, CEO/CFO), Joe Burg (Co-founder, Secretary)
| Round | Announced | Raised | Post-money |
|---|---|---|---|
| Growth | Aug 9, 2026 | $400M | $5B |
- SASituational Awareness
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Data as of Oct 14, 2026. Valuations are estimates blended from primary and secondary-market signals โ not investment advice.
