Who Lux Capital is
Lux describes itself as a firm that turns science fiction into science fact. It had more than $4 billion under management in 2022, investing in seed and early-stage science and technology companies.2 Companies it features on its site include Anduril, Applied Intuition, and Physical Intelligence.1
Deals this month
| Company | Round | Amount | Role | Announced |
|---|---|---|---|---|
| Multiply Labs | Series B | $75M | Returning investor | October 6, 20264 |
| Formic | Series B and debt | $50M | Returning investor | October 22, 20265 |
Robotics bets this month
Lux joined Multiply Labs as a new investor in its $20 million Series A in April 2021, and returned for the $75 million Series B on October 6, 2026.3,4
It led Formic's $26.5 million Series A in January 2022, when partner Shahin Farshchi joined Formic's board, and put more money into Formic's $50 million round announced in October 2026.2,5
Both are early bets on robots doing manual work at scale: Multiply Labs in cell therapy cleanrooms and Formic on factory floors, where it rents robots for a monthly fee.4,5
Links
Sources
- Lux Capital, Homepage, accessed November 2, 2026
- Business Wire, Formic Technologies raises $26.5 million Series A led by Lux Capital, January 18, 2022, accessed November 2, 2026
- FinSMEs, Multiply Labs raises $20M in Series A funding, April 14, 2021, accessed November 2, 2026
- Multiply Labs, Multiply Labs raises $75 million Series B, October 6, 2026, accessed November 2, 2026
- TNW, Formic raises $50M to bring general-purpose robots to US factories, October 2026, accessed November 2, 2026