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Wave Function Ventures

Los Angeles, CA · Invests in US · Website

Pre-SeedSeedClimate & EnergySpace & DefenseRoboticsHardware & DevicesFrontier TechManufacturingAerospace & DefenseClimate & Clean EnergyRobotics & AutomationManufacturing & Industrial

Thesis

Deep tech hardware companies in aerospace, defense, energy, robotics, and industrial manufacturing represent the next generation of durable, high-return ventures. The fund backs founders at the earliest stage — sometimes pre-incorporation — who are building hardware solutions to the world's most important problems, leveraging government contracts and non-dilutive funding alongside venture capital.

Likely not a fit for

No software-only companies. No science projects or lab spinouts at the wrong stage. Skeptical of MBA-led hardware teams. No consumer apps or fintech.

How they invest

Lead or follow
Usually leads
Typical decision
~1 month
Warm intro
Not required
Involvement
Takes a board seat
Fund status
Actively deploying
Assets under mgmt
$15.1M
Decision process
Solo GP

Partners & team

1 contact on file

JG

Jamie Gull

General PartnerFounder & General Partner · Primary contact

+ Pitch

Portfolio

Airship IndustriesLogistics Supply Chain

Airship Industries focuses on autonomous airship logistics to revolutionize freight transportation, aiming to reduce costs and emissions significantly.

Deep FissionClimate Clean Energy

Deep Fission is revolutionizing the energy landscape with innovative technology that places a small modular pressurized water reactor in a borehole one mile underground. The company is committed to delivering safe, reliable, and affordable low-carbon power at scale.

Tobe EnergyClimate Clean Energy

Tobe Energy specializes in isothermal electrolysis technology for hydrogen production, achieving over 92% efficiency without the use of rare earth materials. Their modular systems are designed for industrial-grade hydrogen production and are built in Oklahoma City, USA.

Standard ElectronManufacturing Industrial

Standard Electron specializes in industrial energy solutions. Their website offers comprehensive services.

The Red Metal Company
Lux AeternaAerospace Defense

Lux Aeterna is developing the world's first fully reusable satellite for high-tempo, reliable, and flexible timelines in orbit, transforming the future of space operations for defense, intelligence, commercial, and in-space manufacturing customers.

AndrenamSecurity Cyber

Andrenam is building an AI-powered, distributed maritime sensing network for persistent autonomous awareness from surface to seabed.

Persona AIRobotics Automation

Persona AI is building the next generation of humanoid robots for industry, specifically designed for heavy industrial jobs such as welding and construction, aiming to enhance productivity and safety on job sites.

FortastraAerospace Defense

Fotrastra builds intelligent spacecraft that maneuver, assess, and take action to protect the space systems the world depends on.

Resolute GridManufacturing Industrial

Manufacturing a differentiated Hardware & Software stack for Energy Transmission and Distribution.

Maglut Heavy IndustriesManufacturing Industrial

We’re rebuilding America’s rare earth engine. Precision purification, engineered for speed and scale.

Foundry Lab

Recent activity

Wave Function Ventures in the news

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Research briefRead more
Wave Function Ventures Research Investment Thesis Wave Function Ventures is a Los Angeles-based early-stage deep tech fund founded in 2024 by Jamie Gull, a former SpaceX structural engineer and serial deep tech entrepreneur. The fund's thesis is built on the conviction that hardware and deep tech companies — particularly those in aerospace, defense, energy, robotics, and industrial manufacturing —

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