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Fenwick Represents Foundational Industries in $25M Seed Funding

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Fenwick represented Foundational Industries, a developer of AI-operated manufacturing plants and modular data center infrastructure, in its $25 million seed funding. The round was led by BoxGroup and Zigg Ventures with participation from Abstract Ventures, Adverb Ventures, Buckley Ventures, and Offline Ventures.

Foundational Industries will use the capital to fund core hardware prototyping, scale its software engineering teams, and initiate the construction of its first automated manufacturing facility. More information can be obtained here.

The Fenwick transaction team was led by corporate partner Dawn Belt and associate Havyn Quigley.