Ex-Synapse CEO reportedly trying to raise $100M for his new humanoid robotics venture

Sankaet Pathak’s past startup, fintech Synapse, filed for bankruptcy successful 2024 amid issues with spouse Evolve Bank & Trust. Tens of millions of dollars successful deposits made by consumers, mostly customers of fintechs that worked with Synapse, stay unaccounted for.

Yet according to The Information, Pathak is reportedly moving afloat steam up connected attempts to fundraise for his caller venture, humanoid robotics startup Foundation. Pathak is said to beryllium successful the midst of raising $100 cardinal for Foundation astatine a whopping $1 cardinal valuation.

The numbers look peculiarly ambitious considering the startup lone debuted its humanoid robot, Phantom, earlier this year. Foundation lone past August raised $11 million successful a pre-seed backing circular from Tribe Capital and “other angels.”

Foundation’s self-proclaimed ngo is to “create precocious humanoid robots that tin run successful analyzable environments” to code the labour shortage.

TechCrunch has reached retired to Pathak for comment.