S
Source Foundry
Semiconductor manufacturing technology for AI chips.
About Source Foundry
Source Foundry is a stealth semiconductor equipment company developing a new paradigm for chip manufacturing, with a focus on advanced lithography and upstream fabrication processes for AI chips. Founded in 2025 by Stanford researchers Abdulmalik Obaid and Joe Burg and headquartered in Stanford, California, the company aims to make chip production simpler, cheaper, and faster by leveraging alternative physics and more efficient tooling. Source Foundry has been described as a potential challenger to ASML in advanced semiconductor manufacturing equipment. In 2025, the company reportedly raised $400 million from Leopold Aschenbrenner's Situational Awareness fund at a $5 billion valuation, with additional backing from Sequoia Capital.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2025
- Headquarters
- Stanford, United States
- Open positions
- None listed
- Dealroom signal
- 54.2/100
- Industry
- Semiconductors
- Sector
- Semiconductors, Verified Unicorns and $1B Exits, Semiconductor Engineering Tools, AI Chips and Processors, out of stealth
- Technology
- Artificial Intelligence, Hardware, Deep Tech, Nanotech
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Aug 2026 | $400M | $1.6B | Situational Awareness | ↗ |
| EARLY VC✓Equity / VC | Dec 2025 | $100M | $400M | Situational Awareness | ↗ |
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
Situational Awareness
Other known investors1 additional known investor
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about Source Foundry on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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