The VC firm behind Shopify is doubling down on robotics and defense
Venture capital firm Felicis has hired Graham Littlehale as a partner to lead investments in hard-tech sectors like robotics, defense, and aerospace. This move reflects a broader trend in Silicon Valley of shifting focus toward physical AI and hardware infrastructure.
Why it matters
The pivot toward 'hard tech' indicates a significant shift in venture capital priorities as investors look for tangible applications of AI in the physical economy.
Graham Littlehale is joining Felicis as a partner to invest in hard-tech startups. Joseph Seif for Felicis Felicis has hired Graham Littlehale as a partner focused on hard-tech startups. His purview spans robotics, defense, aerospace, energy, and manufacturing. The hire comes as venture firms renew their interest in hardware and physical AI. Hard tech used to be a hard sell in Silicon Valley. Now, a major venture firm is staffing up to invest in it. Felicis, the Bay Area venture capital firm best known for bets on Shopify, Notion, and Mercor, has hired Graham Littlehale as a partner to invest in aerospace, defense, energy, manufacturing, and robotics, the firm told Business Insider. Littlehale joins from Point72 Ventures , where he was an early member of its national security investing team.
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