Earthshot Ventures Invests in Unlimited Industries

Today we are delighted to announce our investment in Unlimited Industries’ $12M Seed Round. The round was co-led by Andreessen Horowitz and CIV.

The Big Idea

While trying to build an industrial project in Texas, CEO Alex Modon recognized that the way we build is outdated. It has not yet been structurally changed by software, let alone by AI. By integrating engineering, project management, procurement, vendor management, and site development into a single AI-native platform, Alex set out to build a product to deliver infrastructure projects like data centers, advanced manufacturing, and critical mineral facilities on time and on budget.

Unlimited is also addressing a structural incentive problem in the EPC industry, where legacy firms profit from delay and inefficiency through cost-plus contracts and change orders. The consequences? Many viable projects never get off the ground, leading to the ‘scale gap.’ Unlimited’s model flips this dynamic. Its integrated structure allows for unlimited design iterations at near-zero marginal cost – a shift that turns static engineering into a continuous optimization process, and aligns incentives between Unlimited and their customers.

Unlimited is already proving its value in the field and works with a wide range of customers, from 100-year-old public companies to cutting-edge energy startups. On a recent industrial project, Unlimited reduced the time required for pre-construction engineering from six months to a few weeks, allowing work to begin far earlier while improving design certainty. In another, its AI platform explored tens of thousands of potential configurations and identified an optimal design that reduced projected capital costs by over 50 percent.

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Why We Invested:

Solving a real need we know well: Over the last decade, we have worked with hundreds of companies that are ready to deploy their technology, but struggle with slow construction timelines and cost overruns. Unlimited makes it feasible for emerging infrastructure companies to bring projects to life reliably and efficiently.

Massive market potential: The EPC market is ~$800B. While this entire market is not addressable from day one, early adopters will pave the way for the mass market.

Exceptional team: The company is led by Alex Modon, a repeat founder and multidisciplinary engineer. To accelerate the company, Modon teamed up with Tara Viswanathan and Jordan Stern, who previously built and scaled Rupa Health as the founder/CEO and first teammate, respectively, from zero to millions in revenue before its successful nine-figure acquisition in 2024.

Software is eating the world, and AI will eat engineering: Software engineering is increasingly being augmented and automated by AI, aided by large repositories of coding data like Github. Other engineering disciplines will be transformed over time as analogous data sets are compiled and software encodes the operating principles of the real world. Companies that can create proprietary datasets, like Unlimited’s burgeoning catalogue of projects, will gain defensibility through data moats.

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It’s Time to Deploy

Demand for infrastructure is growing, and AI is now mature enough to transform an industry that has been stagnant for decades. By aligning technology, talent, and incentives around outcomes instead of process, the company is charting a new path for how infrastructure gets built – one that makes speed, adaptability, and abundance the standard once again.

Join us in welcoming Unlimited Industries to the Earthshot Ventures portfolio!

Onward, 🚀

Matt Logan, Dawn Lippert, Mike Jackson, Ramsay Siegal, Austin Blackmon

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