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Foundation

Foundation

Private
Boston, MassachusettsCrypto & Web3https://foundation.xyz/

Last Round

VC Round

May 21, 2026

Total Funding Raised

$9.5M

Momentum

Top 10%

of companies Caplight tracks

Company Overview

Foundation is a hardware and software company that develops open-source tools for Bitcoin and the decentralized internet.

Sector

Crypto & Web3

Verticals

Digital Wallets, Blockchain Infrastructure, Computing Hardware, Digital Identity, Mobile Security

Business Model

B2C

Customer Profile

Hardware Sales, Services & Consulting, Hardware + Subscription

AI Layer

Infrastructure

Keywords

hardware walletbitcoin hardware walletself-custody walletcold storage walletAI agent authorizationAI agent securityopen source hardwareair-gapped walletbitcoin self-custodydigital sovereigntyhardware root of trustFIDO security keyAI guardrailsmobile wallet appUSA assembled hardware

Historical Pricing

Historical view of private secondary pricing and transaction trends.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Foundation Comps

Public and private peers based on sector, stage, and business model.

Foundation comps — public and private peers by sector, stage, and business model
CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Foundation Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
VC RoundMay 21, 2026
SeedDec 19, 2022
Pre SeedJun 4, 2021

Key People

Founding team and executive leadership

Ken J Carpenter

Cofounder Chief Technology Officer

Founding Team

Zach Herbert

Cofounder CEO

Founding Team

Foundation Investors

Notable investors and investment history

Foundation investors
InvestorRounds
InflectionPre Seed
Fulgur VenturesPre Seed, VC Round
Third PrimeSeed, Pre Seed
Polychain CapitalVC Round, Seed
BoltSeed, Pre Seed
Lightning VenturesSeed
Greenfield OneSeed

Market signals

Structured signals derived from secondary market and firmographic data.

  • May 21, 2026

    $6.4M raised, led by Fulgur Ventures.

  • May 20, 2026

    Monthly visitors grew 35% MoM.

Foundation Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Foundation Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Foundation's valuation, stock price, and market status.

Firmographic Details

HeadquartersBoston, Massachusetts
Employee Range10
Year Founded2020
Last FundingMay 21, 2026

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