Eclipse Ventures has participated in Foxglove's $40 million Series B funding round, solidifying their partnership as Foxglove aims to expand its developer tools and data infrastructure for Physical AI in various industries.

Target Company Overview

Foxglove is at the forefront of advancing Physical AI, providing essential developer tools and data infrastructure designed to streamline the creation and operation of robotics across various industries. Over the past two years, the company has expanded its customer base from 10 to more than 200, illustrating its growing importance in the robotics ecosystem. Foxglove is dedicated to empowering engineers to design, build, and refine innovative robotics solutions for critical sectors including construction, healthcare, transportation, and defense.

Founded by industry veterans from companies such as Cruise, Coinbase, and Stripe, Foxglove was established with the vision of democratizing robotics development. By addressing the significant infrastructural challenges within the autonomous robotics industry, Foxglove aims to lower the barriers to entry, enabling businesses to focus on their unique value propositions rather than on essential but undifferentiated infrastructure.

Industry Overview

The Physical AI sector has transitioned from niche experimentation to a dynamic marketplace characterized by rapid advances and innovations. This shift has been propelled by the availability of powerful, cost-effective A