Inertia
— noun:
thetendencyof
legacysystems
tostayatrest.

[ We invest in what displaces them ]

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Portfolio Companies

Inertia
— noun:
thetendencyof
legacysystems
tostayatrest.

[ We invest in what displaces them ]

Explore

0+

Portfolio Companies

[ Select Investments ]

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[ Our Thesis ]

We invest in AI-native companies built to become the core infrastructure of legacy industries.

01

They operate where decisions are made, where compliance is enforced, and where work meets the real world.

02

They accumulate context that no foundation model can replicate and no incumbent ever captured.

03

Over time, they become the new systems of record and the new infrastructure their industries can't operate without.

[ Our Thesis ]

We invest in AI-native companies built to become the core infrastructure of legacy industries.

01

They operate where decisions are made, where compliance is enforced, and where work meets the real world.

02

They accumulate context that no foundation model can replicate and no incumbent ever captured.

03

Over time, they become the new systems of record and the new infrastructure their industries can't operate without.

[ What We Look For ]

We back AI-native platforms with durable advantages that compound over time — not features that a foundation model can replicate next quarter.

[ THESIS / 01 ]

Regulated Surfaces

In healthcare, financial services, legal, and defense, there is a structural gap between what a foundation model can do and what a customer can legally accept. Someone has to own the compliance posture, the audit trail, and the domain-specific liability. The companies that fill that gap don't just use AI — they absorb the regulatory complexity that makes them irreplaceable.

[ THESIS / 02 ]

Compounding Context

Legacy platforms stored what happened. The next generation captures why. Every decision an AI-native platform executes — every exception granted, every precedent applied — generates a trace that makes the next decision smarter. Over time, that accumulated context becomes a proprietary record of institutional reasoning that no competitor can shortcut.

[ THESIS / 03 ]

The Physical World

Intelligence alone isn't enough when the work is physical. Warehouses, operating rooms, construction sites, last-mile delivery — these are environments where software must meet hardware, and where the moat is literally embodied. We invest in companies bridging AI into physical operations.

Inertia— noun:thetendencyoflegacysystemstostayatrest.

Inertia— noun:thetendencyoflegacysystemstostayatrest.

Regulated Surfaces

Compounding Context

The Physical World

Inertia
— noun:
thetendencyof
legacysystems
tostayatrest.

Inertia
— noun:
thetendencyof
legacysystems
tostayatrest.