The global economy is facing a structural crisis: a projected 85 million worker shortfall by 2030 that represents $8.5 trillion in unrealized annual revenue.¹ The threat is both economic and social.

At Melkor Capital, we offer high-conviction deals with the companies building the frontier of robotics. We are backing the forerunners of physical AI and embodied intelligence, as they transition robotics from archaic, caged automation to general-purpose humanoids capable of navigating human-centric environments.

Our thesis targets companies with proprietary monopolies in physical AI infrastructure: foundation models for real-world manipulation, sim-to-real transfer pipelines, and strategic partnerships with industry leaders like Google DeepMind, Nvidia, Amazon, and NASA.

We are positioning for a generational shift where intelligence moves beyond the screen and into the real world. The shift to a non-biological robotic workforce isn't just a technological milestone; it's the most significant capital reallocation opportunity of the century.