Wave Function Ventures Launches $15M Fund to Support Deep Tech Founders

Wave Function Ventures has announced the close of its $15 million Fund I, dedicated to supporting early-stage deep tech founders across the United States. The fund targets companies developing foundational technologies in areas such as artificial intelligence, robotics, and advanced computing—fields that increasingly intersect with aerospace innovation. The fund is led by founder and managing partner Jamie Gull, who brings a background in aerospace engineering and venture investing to the firm’s thesis: backing technical founders building infrastructure for the future.

Backing Technologists Building Infrastructure for the Future

Founded by a team of engineers and scientists, Wave Function Ventures is focused on investing in technical founders who are building infrastructure for the next generation of industries. The firm emphasizes early-stage support, with investments ranging from pre-seed to Series A, and check sizes between $250,000 and $500,000.

The fund’s thesis centers on scalable technologies that address complex challenges in computing, autonomy, and simulation. These areas are critical to aerospace applications including avionics, unmanned systems, and digital engineering.

Portfolio Companies Reflect Deep Tech Focus

Wave Function Ventures has already invested in several companies aligned with its deep tech mandate. While not exclusively aerospace-focused, these companies operate in adjacent domains with potential crossover into aerospace R&D, simulation, and autonomous systems.

Supporting Technical Founders Nationwide

Wave Function Ventures is based in San Francisco and invests in founders across the country. The firm’s approach combines technical diligence with long-term partnership, aiming to support companies that are building durable infrastructure for science and engineering-driven industries.

For aerospace stakeholders, the launch of Fund I highlights continued investor interest in deep tech ventures that may underpin future advancements in propulsion, autonomy, and simulation.