Machines are moving in ... and doing your laundry 👕

Oct 6, 2025

Kaley Ubellacker

Happy Wednesday! If you’re new here, welcome to Necessary Nuggets, your one-stop pre-seed shop. We deliver updates from Necessary Ventures and helpful tidbits on our little corner of the world. Every edition is also on our blog.

What's happening at Necessary Ventures:

Good Reads 📖

For the rushed reader …

Palo Alto startup 1X unveiled NEO, a humanoid home robot designed to automate chores and provide AI-powered assistance.

  • Seattle venture firm Founders Co-op just launched its sixth fund at $50 million, maintaining the same size as its previous fund, to back early-stage startups.

  • Early-stage startup Alloy Enterprises is addressing the growing heat problem in data centers with its stack-forged copper cold plates.

For the less rushed reader …

Chore? Never met her.

Morning walks are about to feel like a stroll through the uncanny valley. Palo Alto startup 1X unveiled NEO, a humanoid home robot designed to automate chores and provide AI-powered assistance. The robot’s release marked a key step in the rapidly growing humanoid market expected to reach nearly $400 billion within a decade. While NEO promises advanced dexterity and conversational capabilities, it will initially rely on human guidance for tasks it hasn’t learned. Yes, someone will be monitoring and controlling its every move. This need for oversight underscores ongoing challenges in safety, trust, and autonomous learning, as humanoids face the classic chicken-or-egg problem: AI can’t improve without user data, but user data can’t be gathered without a product in the first place. The launch highlights a broader trend as companies from Tesla to Richtech Robotics push humanoids from lab prototypes into real-world environments, raising questions about labor substitution and how consumers will adapt to increasingly lifelike machines. Personally, I don’t think I like the idea of a robo-roommate touching my dirty laundry. 

First check, best check

One VC firm is giving Seattle startups 50 million reasons to stay local. Seattle venture firm Founders' Co-op just launched its sixth fund at $50 million, maintaining the same size as its previous fund, to back early-stage startups. The fund will allocate 80-90% of its checks to Pacific Northwest founders at the pre-product or pre-revenue stage. Staying true to its first-check strategy, the firm aims to invest in about 30 companies with deals in the range of $1 million to $1.5 million, targeting 10% ownership. With a track record of early bets on billion-dollar companies like Auth0, Remitly, and Outreach, Founders’ Co-op leverages its local hub, Foundations, to connect founders, cultivate the Seattle startup ecosystem, and uncover compelling investment opportunities. Recent investments include AI startups Aarden AI, Logic, and Ravenna. Time to hop on the Seattle and build a backable business.

Stacks on stacks on stacks

If you want to turn up the heat, this startup is worth reading about. Early-stage startup Alloy Enterprises is addressing the growing heat problem in data centers with its stack-forged copper cold plates. The plates are created by bonding thin sheets of copper under heat and pressure into a single, seamless block that can efficiently cool not just GPUs but also supporting components like memory and networking chips. The technology arrives at a crucial moment: Nvidia’s upcoming Rubin Ultra GPUs (expected in 2027) could push data center racks to draw up to 600 kilowatts, nearly twice the output of today’s fastest EV chargers, creating an urgent need for better cooling. By eliminating seams and allowing much finer cooling channels than traditional machined plates, Alloy says its solution improves thermal efficiency by 35%, positioning the startup as a key player for the next generation of ultra-powerful, heat-intensive data centers. Netflix and chill is out; Alloy and chill is in. 

Market Stirrings 🚩

Here's what the week looked like in pre-seed:

$15.4M

Total Amount Raised

Total Amount Raised

Total Amount Raised

14

Total Funding Rounds

Total Funding Rounds

Total Funding Rounds

$1.1M

$1.1M

$1.1M

Average Dollars per Round

Average Dollars per Round

Average Dollars per Round

$5.5M-$11.0M

$5.5M-$11.0M

$5.5M-$11.0M

Estimated Valuation Range

Estimated Valuation Range

Estimated Valuation Range

Data aggregated from proprietary research and Crunchbase; valuation estimate based on 10-20% ownership stake.

FINANCING IN THE MOONLIGHT
Analyzing Q1 to Q3 trends over the past seven years, Carta data shows that early-stage venture capital continues to expand, with total capital raised up 7% year-over-year and 15% since 2023. At the same time, the number of rounds is steadily declining, suggesting a concentration of funding into fewer, larger deals: a snowballing effect that might suggest growing investor confidence in scaling startups at earlier stages.

healthtech

Milieu - Achieving skin-ergy.

Milieu raised $1.1 million. Milieu is developing an AI-powered platform that analyzes the user’s skin microbiome and delivers research-backed insights.

healthtech

Allswell - Pride and progress.

Allswell raised $1.3 million led by Amboy Street Ventures. Allswell is creating an AI-enabled, virtual mental health platform providing LGBTQ+-affirming therapy.

AI

Sahay AI - Sahay to no-sweat industrial work.

Sahay AI raised $1.8 million from Anorak Ventures, Blue Collective, and Mana Ventures. Sahay AI is building intelligent industrial robots that use AI to automate hazardous maintenance and inspection tasks.

JOBORTUNITIES

| VP of Finance | - Copper:
Rethinking the induction stove and making kitchen electrification more accessible than ever. Picture a fossil-free future, without sacrificing aesthetics.

| Full Stack Software Engineer | - OneImaging:
Envisioning the future of transportation beyond cars and into the realm of personal electric vehicles. Its first product, P1, is the ultimate tool for city navigation.

Outro🚪

Have any questions, feedback, or comments? Just reply here. We iterate and curate the newsletter according to your interests! 

Some last matters of business: 

  • If you’re a technologist (engineer or product manager / designer with a technical background) join us on the NVTC LinkedIn group if you haven’t. We’d love to have you! 

  • Sign up here if you’re interested in co-investing with Necessary.

If you’re a startup founder, we’d love to help where we can! Brex provides full-stack finance solutions for startups. Sign up via Necessary and get bonus points.

Thanks for reading, and see you next week!