AX
Vertical IntelligenceCompany name
Autonomous claims adjudication for commercial insurance.
Layer H · Venture CapitalFoundational Capital
Foundational Capital
for the Next Era
We back the deep-tech and infrastructure companies the next era is built on.
One thesis · Stacked conviction
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ThesisWe invest in the foundation,
We invest in the foundation,
not the surface.
Layer H backs deep-tech and infrastructure companies building fully autonomous systems — the layer that sits on top of frontier models and turns raw capability into real, compounding work.
01
Vertical Intelligence
Autonomous AI that runs an entire job function inside a regulated industry — priced on the outcome, not the seat.
LegalHealthcareFinancial servicesInsurance
02
Physical AI
The enabling layer beneath autonomous machines — simulation, perception, data, and fleet infrastructure for the physical world.
Simulation & dataPerceptionRobotics infraIndustrial autonomy
03
Agentic Commerce
Trust and payment rails for AI agents that transact on their own — identity, authorization, and machine-to-machine settlement.
Agent identityAuthorizationFraud & trustM2M payments
Stage
Pre-seed & seed
Check
$100K–$500K
Structure
SPV per company
Based
Seattle, WA
Portfolio
Companies building the foundation
OR
Physical AICompany name
Perception + simulation stack for warehouse autonomy.
VL
Agentic CommerceCompany name
Identity and authorization rails for purchasing agents.
SN
Vertical IntelligenceCompany name
End-to-end autonomous back-office for healthcare RCM.
KP
Physical AICompany name
Fleet operations layer for industrial robotics.
DT
Agentic CommerceCompany name
Machine-to-machine settlement and spend controls.
Building the foundation?
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