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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.
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
Ranked
Employee Count
38 as on Sep 30, 2026
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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
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Foundation EGI's founders and board of directors

Founder? Claim Profile
The 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:

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:
Employee count trend for Foundation EGI
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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:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for PTC
PTC
1985, Boston (United States), Acquired
Provider of software for product lifecycle management, CAD, IoT, and service
-
72/100
2nd
Logo for Aras
Aras
2000, Andover (United States), Series E
Low code platform offering software to build applications and a PLM software
$139M
67/100
3rd
Logo for One Click LCA
One Click LCA
2001, Helsinki (Finland), Late Stage
Provider of lifecycle assessment software for construction and manufacturing industries
$43.8M
60/100
4th
Logo for Centric Software
Centric Software
1997, Los Gatos (United States), Acquired
Platform offering software product lifecycle management software
$80.9M
57/100
5th
Logo for CENIT
CENIT
1988, Stuttgart (Germany), Public
Provider of PLM and SAP implementation services
-
56/100
6th
Logo for Spread
Spread
2017, Berlin (Germany), Series B
Provide digital engineering assistant software for the manufacturing industry
$46M
54/100
7th
Logo for Arevo
Arevo
2013, Santa Clara (United States), Deadpooled
Provides product lifecycle management software
$70.8M
49/100
8th
Logo for Foundation EGI
Foundation EGI
2023, Los Altos (United States), Series A
Provider of AI-powered platform for hardware engineering
$30.6M
48/100
9th
Logo for Duro
Duro
2016, Los Angeles (United States), Seed
Cloud-based product lifecycle management software
$11.5M
44/100
10th
Logo for EcoChain
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
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