building and investing in early stage deep tech
Austin, TX
Joined January 2014
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aabid retweeted
I fixed this graph by A16Z.
One Trillion spent on AI Capex in 2026, the story isn't in chips alone.
For every $100 flowing into the supply chain
- $2.5 to castings
- $1 to forgings
- $3.6 to sheet metal parts
- $2 to Plastic
- $2.4 to CNC machining
without these manufacturing technologies, the rest isn't even possible.
Where does money invested into the AI buildout actually go?
For every $100 flowing into the supply chain:
- $50 to chips
- $20 to power
- $15 to networking
- $15 to cooling, buildings, and land
More charts in State of Markets II: a16z.news/p/state-of-markets…
Today, we are excited to announce the first annual Austin Deep Tech 50.
Austin has become the hub for some of America's best deep tech founders, so we brought together 8 VC firms with a local presence — @overmatchvc, @valor, @8vc, Banner VC, @BCapitalGroup, @TheAmbitionCap, @ensemblevc, and Trust Ventures — to vote on the 50 startups making the biggest impact.
Together they've raised $10B+ in the last 12 months.
Full write-up: overmatch.substack.com/p/202…
The full list 🧵👇
49. Phantom Neuro (@phantom_neuro) - Minimally invasive neural interfaces for prosthetic limb control
Key People: @Connor_G_Glass
Stage: Series A
Founded: 2020
Phantom Neuro develops Phantom X, a minimally invasive implant that reads muscle signals to give amputees intuitive control of prosthetic limbs and exoskeletons. In April 2026 it received approval to begin a first-in-human study in Melbourne.
50. Bedrock Energy - Deep-drilled geothermal heating and cooling for buildings
Key People: @joselyn_lai, Silviu Livescu
Stage: Series A
Founded: 2022
Bedrock Energy builds geothermal heating and cooling systems for commercial buildings and communities, using deeper boreholes to shrink the land a system needs. It completed a retrofit at an Austin office building and is building district systems in Colorado and Utah.
