Foundation EGI - About the company
Foundation EGI is a series A company based in Los Altos (United States), founded in 2023 by Mok Oh, Michael Foshey and Wojciech Matusik. It operates as a Provider of AI-powered platform for hardware engineering. Foundation EGI has raised $30.6M in funding from TransLink Capital and E14 Fund. The company has 99 active competitors, including 12 funded and 9 that have exited. Its top competitors include companies like PTC, Aras and One Click LCA.
Company Details
Provider of AI-powered platform for hardware engineering. This platform uses a Domain-Specific Language (DSL) to codify the entire engineering process, bringing software engineering principles to hardware design. It offers an AI that understands engineering principles, organizational practices, and past product learnings, interacting via a natural language interface. The platform provides precise, accurate, and verifiable results, utilizing reinforcement learning to continuously improve. It aims to solve problems such as tedious manual work, knowledge silos, and design complexity, ultimately leading to faster, more efficient engineering outcomes.
- Website
- www.foundationegi.com/
- Email ID
- *****@foundationllm.com
Key Metrics
Founded Year
2023
Location
Los Altos, United States
Stage
Series A
Total Funding
$30.6M in 2 rounds
Latest Funding Round
Investors
Ranked
8th among 99 active competitors
Employee Count
38 as on Sep 30, 2026
Legal entities associated with Foundation EGI
Foundation EGI is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
FOUNDATION LLM TECHNOLOGIES, INC. CIN: 7637019 , United States, Active | Aug 23, 2023 | - | 9 (As on Dec 31, 2024) | - |
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Foundation EGI's funding and investors
Foundation EGI has raised a total funding of $30.6M over 2 rounds. Its first funding round was on Apr 17, 2025. Its latest funding round was a Series A round on Jun 13, 2025 for $*****. 8 investors participated in its latest round. Foundation EGI has 10 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Foundation EGI:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 13, 2025 | 3082673 | Series A | 2604623 | 3045123 | 7571586 | 9761695 |
Apr 17, 2025 | 7510973 | Seed | 1071374 | 5146781 |
View details of Foundation EGI's funding rounds and investors
Foundation EGI's founders and board of directors
Founder? Claim ProfileThe founders of Foundation EGI are Mok Oh, Michael Foshey and Wojciech Matusik. Mok Oh is the CEO of Foundation EGI.
Here are the details of Foundation EGI's key team members:
- Mok Oh: Co-Founder & CEO of Foundation EGI.
- Michael Foshey: Co-Founder & Head of Research of Foundation EGI. Contact Info: 1 email address
- Wojciech Matusik: Co-Founder & CSO of Foundation EGI. Contact Info: 1 email address
View details of Foundation EGI's Founder profiles and Board Members
Foundation EGI's employee count trend
Foundation EGI has 38 employees as of Sep 26. Here is Foundation EGI's employee count trend over the years:
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Foundation EGI's Competitors and alternates
Top competitors of Foundation EGI include PTC, Aras and One Click LCA. Here is the list of Top 10 competitors of Foundation EGI, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | PTC 1985, Boston (United States), Acquired | Provider of software for product lifecycle management, CAD, IoT, and service | - | 72/100 | |
2nd | Aras 2000, Andover (United States), Series E | Low code platform offering software to build applications and a PLM software | $139M | 67/100 | |
3rd | One Click LCA 2001, Helsinki (Finland), Late Stage | Provider of lifecycle assessment software for construction and manufacturing industries | $43.8M | 60/100 | |
4th | Centric Software 1997, Los Gatos (United States), Acquired | Platform offering software product lifecycle management software | $80.9M | 57/100 | |
5th | Provider of PLM and SAP implementation services | - | 56/100 | ||
6th | Provide digital engineering assistant software for the manufacturing industry | $46M | 54/100 | ||
7th | Arevo 2013, Santa Clara (United States), Deadpooled | Provides product lifecycle management software | $70.8M | 49/100 | |
8th | Foundation EGI 2023, Los Altos (United States), Series A | Provider of AI-powered platform for hardware engineering | $30.6M | 48/100 | |
9th | Duro 2016, Los Angeles (United States), Seed | Cloud-based product lifecycle management software | $11.5M | 44/100 | |
10th | EcoChain 2011, Amsterdam (Netherlands), Series A | Provider of software for product footprinting, environmental product declarations, and LCAs | $5.52M | 42/100 |
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Foundation EGI's Investments and acquisitions
Foundation EGI has made no investments or acquisitions yet.
Reports related to Foundation EGI
Here is the latest report on Foundation EGI's sector:
News related to Foundation EGI
•
Foundation EGI Raises $23M Series A for Engineering General Intelligence PlatformMiningstockeducation•Jul 10, 2025•Foundation EGI, RRE Ventures, Grid, E14 Fund and 3 others
•
CSAIL Spinout Foundation EGI Pioneers New Area of AI: Engineering General IntelligenceFoundation EGI•Apr 29, 2025•Foundation EGI, MIT
•
Foundation EGI Secures $7.6M to Revolutionize Manufacturing with AISiliconAngle•Apr 17, 2025•E14 Fund, Union Labs, Samsung Venture Investment, GRIDS Capital and 4 others
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