Situational Awareness

Fund · Founded 2024 · San Francisco, United States

Situational Awareness is an AI-focused investment firm founded in 2024 by Leopold Aschenbrenner, the German-born former OpenAI superalignment researcher who published the Situational Awareness: The Decade Ahead essays…

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10 Portfolio companies

10 Unicorns

5 Decacorns

7 Investments

Jun 2026 Last investment

01 · Portfolio analysis

Where Situational Awareness’ portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 10 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

The portfolio is concentrated in US AI infrastructure: hosting and data-centre platforms, semiconductors and energy, with Anthropic the largest position. Dealroom tracks seven funding-round participations, all since January 2026.

By countryCount

USA8
Australia1
India1

By sectorCount

Hosting4
Energy2
Enterprise Software2
Semiconductors2
Security1
Transportation1

By stage enteredCount

Series B+2
Series A1

02 · Portfolio market map

Inside Situational Awareness’ portfolio.

The 10 highest-funded portfolio companies, of 10 tracked.

Dealroom records the fund entering FluidStack at Series A and MatX and Anthropic at later stages, including Anthropic's $65b May 2026 Series H. Most listed positions — Intel, CoreWeave, Bloom Energy, Core Scientific and T1 Energy among them — were sold in the July 2026 block trade to Citadel.