Unless

Unless is a perpetual-capital "New Industrial Revolution" fund, co-founded in 2021 by Trevor Zimmerman and MIT's David Mindell, that backs deep-tech industrial transformation across robotics, manufacturing, and energy. Its perpetual-capital structure distinguishes it from conventional fixed-life venture funds. In the PXS map, Unless enters through two sourced, direct relationships: Vecna Robotics, which raised $31M for dock-to-dock automation, and Positron AI, which raised $87.5M at a $5B valuation for next-generation inference silicon. Both are mapped Physical AI or adjacent enabling-technology companies. The research map records attributed financing relationships, not a complete portfolio or a live ownership register, and only direct, sourced relationships to existing mapped companies are captured. Unless is most useful as a signal of which long-horizon, industrial-transformation capital networks are backing the physical-AI and compute build-out. With a perpetual-capital structure and MIT's David Mindell as co-founder, Unless is built for long-horizon industrial transformation, and its two mapped positions — Vecna Robotics and Positron AI — span automation and inference silicon.