/ COMPANIES OF INTEREST

The watchlist.

A curated list of early-stage exponential-tech companies Megatrend is actively tracking — SpaceX-tier and earlier-stage, across space, defense, quantum, AI, biotech, energy, and robotics. Updated as we go.

Working draft · placeholder content
/ TRACKING NOW

Six sectors. One thesis — exponential.

→ SPACE

Stoke Space

Fully and rapidly reusable rocket targeting daily-cadence orbital launch. Differentiated upper-stage thermal protection.

Series CKent, WA
→ QUANTUM

PsiQuantum

Silicon photonic fault-tolerant quantum computer at scale. First-mile commercial deployments with major utilities.

Series D+Palo Alto, CA
→ DEFENSE

Anduril

Autonomous systems and AI software for the US and allied militaries. The category-defining defense-tech anchor.

Series GCosta Mesa, CA
→ AI INFRA

Anthropic

Frontier model lab building Claude with a constitutional-AI safety stance. Direct customer-facing API + enterprise.

Series F+San Francisco, CA
→ ENERGY

Commonwealth Fusion

High-field tokamak using HTS magnets. SPARC demonstration plant under construction; ARC commercial pilot targeted late 2020s.

Series B+Devens, MA
→ ROBOTICS

Figure

General-purpose humanoid robot for commercial deployment. Manufacturing and logistics-first deployment strategy.

Series CSunnyvale, CA
/ HOW WE EVALUATE

Four filters.

Megatrend doesn't track lifestyle businesses or local services. The watchlist is opinionated.

01

Exponential market

The category has a credible path to a 10×+ outcome — not just market share gains.

02

Technical moat

Defensibility rooted in hard tech, IP, or compounding-data positions — not a thin SaaS wrapper.

03

Operator-grade team

Founders who can ship hard things and survive the years of execution before traction compounds.

04

Capital-markets fit

Funding path that makes sense for the technology and timeline — not all exponentials need venture money.

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Think we're missing one?

If you're building or funding an exponential-tech company we should be tracking, tell us. We read every submission, and we add companies that pass the four filters above.

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