Sankaet Pathak’s final startup, fintech Synapse, filed for chapter in 2024 amid points with companion Evolve Bank & Trust. Tens of thousands and thousands of {dollars} in deposits made by shoppers, largely prospects of fintechs that labored with Synapse, stay unaccounted for.
Yet in line with The Information, Pathak is reportedly shifting full steam forward on makes an attempt to fundraise for his new enterprise, humanoid robotics startup Foundation. Pathak is alleged to be within the midst of elevating $100 million for Foundation at a whopping $1 billion valuation.
The numbers appear notably bold contemplating the startup solely debuted its humanoid robotic, Phantom, earlier this 12 months. Foundation solely final August raised $11 million in a pre-seed funding spherical from Tribe Capital and “different angels.”
Foundation’s self-proclaimed mission is to “create superior humanoid robots that may function in advanced environments” to handle the labor scarcity.
TechCrunch has reached out to Pathak for remark.
