Combat robot startup backed by Eric Trump on the brink of bankruptcy

Combat robot startup backed by Eric Trump on the brink of bankruptcy
Combat robot startup backed by Eric Trump on the brink of bankruptcy

Financial collapse of the soldier-robot company

US startup Foundation Future Industries, which develops humanoid robots, has found itself in a dire financial situation. As reported by CNBC, the company's employees have not received their wages since 30 October, and the business risks declaring bankruptcy. The enterprise was established in 2024 and specialises in creating Phantom-type machines intended for industrial use and combat operations. Developers claimed that their creations are capable of performing reconnaissance tasks, transporting ammunition, and directly participating in hostilities.

Dubious negotiations with Israel

Recently, the Financial Times published information that the startup was in negotiations with the Israeli military regarding the supply of up to 1,000 such robots. The cost of a single unit was estimated at approximately $150,000. The plan was for the machines to inspect Hamas tunnels in the Gaza Strip, detect tripwires, and neutralise traps. Co-founder Mike LeBlanc even stated that he personally discussed this project with the Chief of Staff of the Israeli General Staff. However, a Foundation representative later denied the existence of official negotiations or agreements with the IDF in The Telegraph, emphasising that no robots had been handed over to the Israeli military.

Founder borrowed millions for real estate

According to CNBC data, in 2025, the company's founder and CEO Sanket Pathak took a loan of $4.6m from his own startup. These funds were used to purchase a luxury house with a view of San Francisco Bay in California. Pathak owns the majority of Foundation's shares and is the sole member of the board of directors. Employees have expressed dissatisfaction that management borrowed millions from a company experiencing an acute financial deficit. If payments were delayed by only two days in August, wages are now not being paid at all. Currently, the startup is attempting to raise hundreds of millions of dollars in investment at a business valuation of $3bn.

Questions about the technology and business history

The effectiveness of the developments is also questionable. A journalist from The San Francisco Standard, who visited the Foundation office, observed one of the robots attempting to independently load a training mortar with a plastic round. For 15 minutes, the machine failed to complete this simple task. Previously, the startup claimed that it had tested robots in Ukraine, but it later emerged that the demonstration described by the company on Ukrainian territory did not take place.

It is worth noting that Sanket Pathak's previous project, the Synapse startup, went bankrupt in 2024. As a result, over 100,000 Americans lost access to their accounts, which held a total sum of $265m. The trustee in the bankruptcy case reported a shortage of client funds amounting to up to $96m.

Eric Trump's involvement

Eric Trump, son of the US president, joined Foundation as a strategic advisor in March this year. In April, he appeared on Fox News alongside Sanket Pathak, calling him his friend. During the appearance, Eric Trump praised the robots, noting that they know how to give people a high five and follow commands.

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