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The Venture Codex

Fusion Fund

550 Lytton Ave, Palo Alto, CA, 94301, United States

Overview

Fusion Fund supports early-stage entrepreneurs who are looking to build globally disruptive companies using innovative technologies to drive systemic change. They are entering the next wave of technological advancement and foundational innovation is required to enable massive growth. With Fusion Fund’s technical and entrepreneurial backgrounds, we seek to support entrepreneurs who are building companies with strong technical barriers and advantages in their business models.

Total investments
57
Lead investments
12
Investments · 12mo
14
Active investors
9

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
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Investment portfolio

  • Palona AI

    Participated · Series A · Aug 2026

    Palona AI’s core product is a multimodal "capture, understand, act, learn" operating layer powered by a proprietary Interaction Model for Physical AI that combines vision AI and object detection to interpret spatial, temporal and semantic context in physical locations. It offers product suites including Revenue Expansion, Revenue Intelligence and Operations Intelligence, each with specialized autonomous agents such as ordering and catering agents and integrations into point-of-sale systems. The Operations Intelligence tool links to security cameras to monitor food safety, cleanliness and real-time incidents and sends alerts to managers. Palona has been deployed at the Cali BBQ restaurant chain, where it reported increasing Father’s Day revenue by more than 20% year-over-year and becoming the restaurant’s most valuable sales channel by capturing missed orders and catering opportunities. The company launched out of stealth in January 2025 after a $10M seed and subsequently raised a $20M Series A. Palona is initially focusing on restaurants as a proof-of-concept with plans to extend to other frontline physical businesses.

  • Sancho

    Led · Seed · Jul 2026

    Sancho is a robotics company developing autonomous mobile manipulators that link discrete workcells into continuous production workflows to address manual handoffs in manufacturing. The company emerged from stealth and has announced a $7 million seed round to accelerate its go-to-market and product development. Sancho positions its offering as an orchestration layer between machines, enabling flexible manufacturing and higher throughput. The team highlighted in the announcement includes founders Chao Cao and Jack Yang. Sancho plans to deploy systems in real-world industrial environments and use the resulting data to iteratively improve performance. The announced seed financing is intended to support these deployment and product-improvement efforts.

  • Subtle Medical

    Participated · Series C · Jun 2026

    Subtle Medical builds vendor-neutral, AI-powered imaging software designed to operate across existing MRI, PET and CT scanners regardless of manufacturer. Its portfolio includes 11 FDA-cleared software products and its technology is deployed on more than 1,300 scanners globally. The company is developing an AI Imaging Hub intended to help providers manage imaging performance across modalities and scanner fleets. Subtle Medical has been recognized by TIME and by CB Insights on multiple industry lists. Financially, the company has raised a total of $86 million following a $33 million growth financing led by Morgan Stanley Expansion Capital. The company plans to use the new capital to accelerate product development and commercial expansion in the U.S. and international markets.

  • Scout Space

    Participated · Series A · May 2026

    Scout Space develops platform-agnostic space domain awareness sensors and software that combine advanced optical payloads, edge processing, and autonomy to detect, track, and characterize objects in orbit. The company’s products and services, first launched in 2021, are designed to enable real-time awareness and responsiveness for commercial and national security missions. Scout emphasizes a scalable, modular architecture that integrates with a range of platforms rather than vertically integrating the full hardware stack. Scout is working with partners including Blue Origin to integrate its Owl sensor on the Blue Ring mission and has received multiple Tactical Funding Increase (TACFI) awards from the U.S. Space Force. The company is venture-backed and has participated in accelerator programs such as Techstars and MassChallenge. Recent plans include expanding manufacturing with a new 2,600-square-foot facility in Northern Virginia and accelerating sensor deployments and software capabilities with proceeds from its Series A.

  • CVector Energy

    Participated · Seed · Jan 2026

    New York–based CVector Energy builds an AI software layer that sits between plant operations and bottom-line economics, continuously analyzing data to flag equipment issues, optimize energy use, and link actions such as opening a valve to their exact financial impact. The platform is already deployed with customers ranging from ATEK Metal Technologies’ aluminum casting facility in Iowa to San Francisco ammonia-production startup Ammobia, as well as public utilities, advanced manufacturing sites, and chemical producers. Founders Richard Zhang and Tyler Ruggles describe the offering as "operational economics," giving operators a clear, dollar-based view of every decision in complex facilities. Since its pre-seed round last July, CVector has grown to 12 employees and opened its first office in Manhattan’s financial district, increasingly recruiting data talent from hedge funds and fintech. The team reports that wider industry comfort with AI and strong demand for cost-control tools are accelerating adoption. The newly secured seed capital will fund further product development and expansion into additional heavy-industry verticals. Prior to the seed raise, the company had completed an undisclosed pre-seed round; no revenue or user counts were disclosed in the article.

Team