S
Source Foundry
Semiconductors · Stanford, United States · Founded 2025
Semiconductor manufacturing technology for AI chips. MoreLess
Source Foundry is a stealth semiconductor equipment company developing a new paradigm for chip manufacturing, with a focus on advanced lithography and upstream fabrication processes for AI chips. Founded in 2025 by Stanford researchers Abdulmalik Obaid and Joe Burg and headquartered in Stanford, California, the company aims to make chip production simpler, cheaper, and faster by leveraging alternative physics and more efficient tooling. Source Foundry has been described as a potential challenger to ASML in advanced semiconductor manufacturing equipment. In 2025, the company reportedly raised $400 million from Leopold Aschenbrenner's Situational Awareness fund at a $5 billion valuation, with additional backing from Sequoia Capital.
Company overview
Source Foundry company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2025
- Headquarters
- Stanford, United States
- Employees
- —
- Open positions
- None listed
- Dealroom signal
- 54.2
Valuation & funding
Source Foundry funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Aug 2026 | $400M | $1.6B | Situational Awareness | ↗ |
| EARLY VC✓Equity / VC | Dec 2025 | $100M | $400M | Situational Awareness | ↗ |
Comparisons
Source Foundry compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
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|---|---|---|---|---|---|
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 Preferred NetworksVertically integrated AI hardware and software solutions |
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 PhynomyEnergy-efficient AI inference chip using in-memory computing. |
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 Unconventional AIDeveloping neuromorphic hardware and software for ultra energy-efficient, brain-inspired computing |
San Diego, United States | Operational |
Talent graph
Source Foundry's talent
Source: Dealroom Talent Intelligence.
Global footprint
Where Source Foundry has talent and traffic
In the news
Latest news about Source Foundry
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Market sentiment
What the market is saying about Source Foundry
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