investing @hiFramework / previously @PanteraCapital and @emergencecap Tweets are my personal views/not investment advice. May hold assets discussed
San Francisco, CA
- Tweets 213
- Following 303
- Followers 1,118
- Likes 858
ryan.wallet retweeted
We just led a $50M Series A for Ultra (@Ultraroboticsco), bringing its total raised to $62M. Very excited to partner with @JonMSchwartz and the rest of the team!
In under a year, Ultra has deployed AI-native robots across 9 states that have packed 500k+ real orders for paying logistics customers.
Ultra is also partnering with @physical_int.
Robotics has a distribution problem. Today, Ultra is announcing $62M in funding to solve it, including a $50M Series A led by @hiFramework.
We believe that deployment is the bottleneck in robotics.
It’s relatively easy to make a robot look impressive in a controlled environment. It’s much harder to put a robot into the open world, make it useful, keep it running, earn the trust of the people working alongside it, and do that over and over and over again.
So that’s what we’re focusing on.
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Robotics is compounding in real time thanks to the Data and Deployment layers. This week our portfolio company @MeckaAI announced its Series B, and today we are thrilled to be leading @Ultraroboticsco latest round alongside their deepening partnership with @physical_int. Welcome to the Framework physical AI portfolio: Ultra! Thesis on data and deployments in my pinned post.
Robotics has a distribution problem. Today, Ultra is announcing $62M in funding to solve it, including a $50M Series A led by @hiFramework.
We believe that deployment is the bottleneck in robotics.
It’s relatively easy to make a robot look impressive in a controlled environment. It’s much harder to put a robot into the open world, make it useful, keep it running, earn the trust of the people working alongside it, and do that over and over and over again.
So that’s what we’re focusing on.
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ryan.wallet retweeted
Robotics has a distribution problem. Today, Ultra is announcing $62M in funding to solve it, including a $50M Series A led by @hiFramework.
We believe that deployment is the bottleneck in robotics.
It’s relatively easy to make a robot look impressive in a controlled environment. It’s much harder to put a robot into the open world, make it useful, keep it running, earn the trust of the people working alongside it, and do that over and over and over again.
So that’s what we’re focusing on.
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When I was at Pantera we were so happy to partner with @ztownsend and Meanwhile. Its is a pleasure to be able to continue to invest with @hiFramework doubling down in this round!
Last year, we co-led the Series A for @meanwhile, the world's first Bitcoin and stablecoin life insurer.
Today, we're doubling down in their $37.5M round.
15 brokers signed across Asia, Europe and the Middle East. Underwriting income has passed last year's total and is on track to double by EOY.
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ryan.wallet retweeted
Today @meanwhile raised $37.5M from existing investors, led by @BainCapCrypto, to meet demand for BTC life insurance from families in Asia, Europe, and the Middle East. Anyone, anywhere should be able to build, save, and protect their wealth. Today we double down on "anywhere".
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ryan.wallet retweeted
Huge congrats to @MeckaAI team on their Series B led by @sequoia.
$100M run rate passed in June. They project a $300M run rate by EOY. We believe it’s become one of the most important companies in physical AI.
Framework led the Series A and we're proud to join the Series B.
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ryan.wallet retweeted
We at @hiFramework are thrilled to triple down on @MeckaAI. Their execution has been nothing short of flawless and it still feels like day one.
If you’re looking to join one of the fastest growing startups ever, they’re hiring 🚀
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ryan.wallet retweeted
Congratulations on @MeckaAI on their Series B led by @sequoia !
This team works so hard and has incredible character and moxie. I have never seen a company grow this fast.
Proud to be a part of it. Framework led the Series A with our largest check out of FV4 to date.
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Congrats @joshavata and Mecka team. We are thrilled to continue to support!
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ryan.wallet retweeted
Framework GP @rajivpoc takes the Investor Stage at @token2049 today at 3:30pm SGT to talk about crypto's shifting identity and where it's converging with adjacent industries.
In Singapore? Swing by👇
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ryan.wallet retweeted
If you are buying for utility and don’t need a large SUV there is 0 reason to buy anything other than a Model Y. FSD is a starlink-on-a-flight level experience that you get to enjoy every day
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ryan.wallet retweeted
lots of things to unpack:
1. our largest deal yet (big size)
2. our 1st investment-grade offtake deal (great credit)
3. a new product offering to help scale our business - that k3 annc was a part of it
you think you know what USDai is, but the design is improving each month
Largest loan in the book yet.
$128.9M for 32 NVIDIA GB200 NVL72 (2,304 GPUs) in BC, Canada.
Backed by an investment-grade offtaker: a high-credit-quality customer contracted to purchase the compute capacity.
6.5% in escrow.
9% once funded.
3-year term.
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Thank you @rajivpoc and @pythianism for pressure-testing this!
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no, it's too dangerous. 10% chance we wipe out all global financial friction!!!😆
We support quick slots and optional zk proofs.
We reject pacing the Etheruem frontier.
We must navigate this path responsibly, it will be fraught with moral quandary, but the human benefits of blockspace super-abundance are too globally important to delay.
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Awesome colab between two amazing companies!
Big news re: @Figure's $YLDS - it is now accepted collateral on @markets_edx. We appreciate the EDX team's leadership here.
I think more exchanges will follow suit. Traders sacrifice a lot in taking the cash drag from posting non-yielding stables as collateral.
The reason this has taken longer than we expected is that we didn't account for the fact that the other large stablecoin issuers pay the exchanges to take their coins as collateral. YLDS pays you, the trader. I think EDX as a first mover will open up this market more broadly to the benefit of all traders.
prnewswire.com/news-releases…
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