📝 Theseus raises $4.3M

Liam Gill
April 21, 2025

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Big Tech Has Spent Billions Acquiring AI Smart Home Startups

The pattern is clear: when innovative companies successfully integrate AI into everyday products, tech giants pay billions to acquire them.

Google paid $3.2B for Nest.
Amazon spent $1.2B on Ring.
Generac spent $770M on EcoBee.

Now, a new AI-powered smart home company is following their exact path to acquisition—but is still available to everyday investors at just $1.90 per share.

With proprietary technology that connects window coverings to all major AI ecosystems, this startup has achieved what big tech wants most: seamless AI integration into daily home life.

Over 10 patents, 200% year-over-year growth, and a forecast to 5x revenue this year — this company is moving fast to seize the smart home opportunity.

The acquisition pattern is predictable. The opportunity to get in before it happens is not.

INVEST BEFORE BIG TECH MAKES THEIR MOVE

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A viral hackathon tweet catapulted three young engineers—Ian Laffey, Sacha Lévy, and Carl Schoeller—from strangers to startup founders of Theseus, a San Francisco-based company building GPS-free drone navigation tech using only cameras and mapping software. Their system drew interest from U.S. Special Forces amid rampant GPS jamming in Ukraine, where drones are often flown manually through goggles. Though Theseus doesn't build drones or targeting systems, its focus on autonomous, GPS-free navigation helped secure a $4.3 million seed round led by First Round Capital, Y Combinator, and Lux Capital. Now, with no military contracts yet but early tests underway, they’re hiring and building toward deployment.

Every time I get to see the @sequoia process I’m reminded of what “great” looks like.
The truth it isn’t complicated. Some notes:
1. Make the calls you say you will
2. Schedule the meetings you say you will on time
3. If you ask for the data room, actually look at the data room
— Aaron Harris (@harris)
2:05 PM • Apr 17, 2025

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Onwards and Upwards,

Liam Gill