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Stages
Seed
Lead investors

Seed Extension
&
Year Invested
Headquarters
2025
Austin, TX

"For deep tech, you need some folks who believe to help you realize your vision. Untapped's LP base understands vision and understands first principles - that's not every investor."
CEO & Founder, Extropic
What Extropic Does
Extropic is building thermodynamic computing hardware that harnesses natural thermal fluctuations as a computational resource, delivering orders-of-magnitude better energy efficiency than GPUs for the probabilistic workloads at the core of generative AI.
The Problem & Market
AI is hitting an energy wall. As models scale, the cost of running inference has become a physics problem, not a software one. US data centres are on track to more than double their energy consumption by 2030. Extropic attacks the problem at the physics layer - treating thermodynamic noise as an asset rather than a liability.
Why Untapped Invested
Guillaume Verdon is a physicist, serial founder, and co-inventor of TensorFlow Quantum. CTO Trevor McCourt brings the same depth from MIT's Quanta Lab and Google Quantum AI. This is a team that started from physics and built the hardware around it. The AE fit is foundational - every agent, every robot, every inference call depends on compute becoming more efficient. Extropic is building the substrate that makes it viable at scale.
Frequently Asked Questions
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