Company

Caffeinated Capital

San Francisco-based early-stage venture capital firm founded in 2009 by Raymond Tonsing.

Founded: 2009
HQ: San Francisco, California, USA
Status: private (VC firm)

Overview

Physical-AI portfolio investments include Saronic (autonomous maritime vessels, $600M Series C in 2025) and Hadrian (AI-driven autonomous factories for precision components). The firm also backed Airtable and Virta Health. Partners include Raymond Tonsing (Founder & GP), Varun Gupta, and Nick Marwell.

Verified record

Verified deployments: None on file
Active incidents: None on file

Key facts

unknown

Founder

Raymond Tonsing

Founded

2009

Headquarters

San Francisco, California, USA

AUM

~$400 million (Fund III: $75M)

Focus

Seed and Series A, deep tech, robotics, defense, AI

Physical AI portfolio

Saronic (autonomous ships), Hadrian (autonomous factories)

Data & sources

Web sources

1 source backing this record.View all →

Caffeinated Capital on the deployment map

View the global map

Caffeinated Capital has no verified deployments on the DEPLOY registry yet. Explore the deployment map by place and type.

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The global deployment map →

No verified deployments for Caffeinated Capital on the DEPLOY record yet. Track Caffeinated Capital to know the moment the first one is verified.

Relationships

SSaronic TechnologiesCo-developerEElad GilInvestor88VCInvestor AAndreessen HorowitzInvestor NNightDragonInvestor

Current leadership (2)

Raymond Tonsing Founder & General PartnerSEC-verified
Varun Gupta PartnerSEC-verified

Safety record

No incidents on record for Caffeinated Capital.

Only active incidents are counted. Retracted incidents are excluded from this summary but remain reachable at their canonical URLs.

Full safety record: incidents, sourcing, and exposure data →

Recent coverage

Caffeinated Capital in third-party press

The 22 Largest US Funding Rounds of May 2026 - AlleyWatch

Jun 30, 2026

The 16 Largest Global Startup Funding Rounds of March 2026 - AlleyWatch

Apr 24, 2026

Saronic Technologies to accelerate its maritime autonomy - Australian Defence Magazine

Apr 1, 2026

Financial state

Reporting basis: private_reported
Lifecycle stage: mature
Counterparty risk class: low

Each numeric field carries its own basis marker. Aggregators report a number; this surface preserves the source class so verification depth travels with the value.

Partnerships (1)

Saronic Series B (2024) with Saronic Technologies, Elad Gil, 8VC, Andreessen Horowitz, NightDragoninvestment

Recent activity

Every change to this record is dated, sourced, and independently verified where marked.

Record createdJun 25, 2026
Added to the verified registry

Full change history →

Sources (1)

https://www.caffeinatedcapital.com/

Common questions

What is Caffeinated Capital?

San Francisco-based early-stage venture capital firm founded in 2009 by Raymond Tonsing. Caffeinated Capital leads seed and Series A rounds and invests throughout the life of technology companies, with a focus on deep tech, robotics, defense, and AI. The firm pioneered the single-partner fund model and has scaled to billions in AUM. Physical-AI portfolio investments include Saronic (autonomous maritime vessels, $600M Series C in 2025) and Hadrian (AI-driven autonomous factories for precision components). The firm also backed Airtable and Virta Health. Partners include Raymond Tonsing (Founder & GP), Varun Gupta, and Nick Marwell.

What does Caffeinated Capital make?

Caffeinated Capital has no robot models recorded on the DEPLOY registry. Caffeinated Capital builds physical robots.

Is Caffeinated Capital publicly traded?

No. Caffeinated Capital is privately held and not publicly traded, per the DEPLOY registry.

Who is the CEO of Caffeinated Capital?

Raymond Tonsing is the ceo of Caffeinated Capital, per the DEPLOY registry.

How can I invest in Caffeinated Capital?

Caffeinated Capital is a private company; its shares are not available on public markets, so retail investors cannot buy the stock today.

Where is Caffeinated Capital headquartered?

Caffeinated Capital is headquartered in San Francisco, California, USA.

Who owns Caffeinated Capital?

Caffeinated Capital is privately held; ownership sits with its founders and private investors.

Is Caffeinated Capital a top robotics company?

On DEPLOY's intelligence score, which blends verified deployments, funding, hiring, media, safety, and IP signals, Caffeinated Capital ranks in roughly the top 51% of companies tracked by the registry.

Is Caffeinated Capital safe?

Caffeinated Capital has no incidents on record in the DEPLOY registry. This does not constitute a safety guarantee; it reflects the incidents DEPLOY has tracked and verified to date.

Methodology: Verified · 1 source (no primary) · last reviewed 2026-08-05

Verification posture

Verified

Low confidence

Review state

Stable

Last reviewed 2026-08-05

Sources by quality tier

1: unclassified; Unclassified source

The framework is documented at /methodology. Corrections at /corrections. Reviewer: DEPLOY editorial team.

Caffeinated Capital

Overview

Key facts

Data & sources

Caffeinated Capital on the deployment map

Relationships

Current leadership (2)

Safety record

Recent coverage

Financial state

Partnerships (1)

Recent activity

Sources (1)

Common questions

In the press

The 22 Largest US Funding Rounds of May 2026 - AlleyWatch

The 16 Largest Global Startup Funding Rounds of March 2026 - AlleyWatch

Saronic Technologies to accelerate its maritime autonomy - Australian Defence Magazine

Maritime Autonomy Company Saronic Raises $1.75B in Series D Funding Round - GovCon Wire

Saronic raises $1.75B to build autonomous ships at scale - The Robot Report

Saronic Closes $1.75B Series D Funding - Marine News Magazine

Saronic: $1.75 Billion Raised For Autonomous Maritime Shipbuilding Expansion At $9.25 Billion Valuation - Pulse 2.0

Saronic raises $1.75B at $9.25B valuation to gear up autonomous ship production - SiliconANGLE

The Weekly Notable Startup Funding Report: 2/16/26 - AlleyWatch

Twenty: $38 Million Raised To Scale Intelligent Cyber Warfare Systems For U.S. And Allied Missions - Pulse 2.0

Twenty Raises $38M to Transform Cyber Warfare at Industrial Scale - PR Newswire

Firefighting Drone Startup Seneca Secures Record $60M to Deploy Autonomous Suppression System - DroneXL.co

Machine-readable surfaces