Deviation

In pursuit of the exceptions. Early-stage VC backing technical founders harnessing the accelerating forces of data and computing.

[Deviation @deviationcap]

Introducing Deviation Capital.

Era-defining companies are the exception. They break almost every rule of conventional wisdom as they rise, but start the same way. A founder encounters something broken, invents a way forward others couldn't see, and bets everything on bringing it to life.

We launch today as the spinout of Two Sigma Ventures to find, fund, and support these founders, backing technical teams harnessing data and computing to build enduring exceptions.

[Deviation @deviationcap]

Thank you to the founders and investors who joined Deviation’s inaugural AGM in our home neighborhood of SoHo! It was amazing to bring together such a diverse group of companies, each tackling a different challenge with AI. A few highlights:

- Fireside chat with Marc Tessier-Lavigne (@Xaira_Thera) on the future of drug discovery
- Presentations from founders building across robotics (@waldenrobotics), neolabs, and techbio
- @Osmo_Labs interactive scent salon
- Celebrating wins across the portfolio from @Etched, @remote, @BedrockRobotics, @Kalshi, and many more

[Deviation @deviationcap]

Deviation is hiring Investment Associates in NY/SF!

This is a rare chance to join a firm that operates with the agility that comes with being new, backed by a deep network in AI and stacked portfolio (@Etched, @WHOOP, @Kalshi, @remote, @BedrockRobotics, @Xaira_Thera, + more) built by the team at Two Sigma Ventures over nearly 15 years.

Link to apply: https://t.co/8KdwPBo7pi

[Deviation @deviationcap]

Owning your intelligence used to mean hiring a research team. As of today, it means signing up for @trajectorylabs.

So proud to be supporting @rronak_, @MichaelElabd, @QuantumArjun, and the whole Trajectory team as they open up post-training to everyone!

[Ronak Malde @rronak_]

Imagine if everyone had the tools to shape intelligence itself. That day is today.

Today we launch the Trajectory platform - the easiest and most intuitive tool to post-train models of your own. The foundation for continual learning.

With just a few agent prompts, you get access to a full creative suite to train, eval, and deploy trillion parameter models.

On top of that, we believe in a future where you don’t just shape your model once, it also keeps learning on its own from the world around it.

We’re releasing two research previews.

1. Continual grading scales your taste, so your model learns what good looks like from far more than you could ever grade by hand.
2. GS1, a new algorithm that lets models learn directly from what they do in production.

We’ve now raised 60M, with a new round led by @Sequoia at a 300M valuation to democratize the most powerful technology of today - training models - so that the lawyers, doctors, and engineers of the world can own their own intelligence.

You know what good looks like, now go build it. Own your own value function with Trajectory.

[Marcelo Lebre @marcelolebre]

Excited to partner up with @ADP and bring @remote EOR infrastructure to so many new customers 🚀🙏

[Colin Beirne @csbeirne]

Congratulations to @drdinaturner and Gameto on their acquisition by @ferring. Dina pioneered a less onerous and painful alternative to IVF that has now produced over a dozen born babies. 👶 This partnership aims to make this option available widely over the next decade. So proud for @deviationcap to be involved.

[Marcelo Lebre @marcelolebre]

Pumped to announce that @ADP launched today ADP Global EOR, powered by @remote , and we're bringing it to market together!

You can now hire abroad without a stack of vendors or your own entity.

[Colin Beirne @csbeirne]

It’s a beautiful day to be building America. @BedrockRobotics

[Colin Beirne @csbeirne]

What moats look like in 2026: Remote spent most of the last decade building global payroll infrastructure country-by-country such that ADP now partners with them to Pay the World! Bravo.

[Bedrock Robotics @BedrockRobotics]

Today we’re announcing a $600M Series C, co-led by @CapitalG and @emergencecap, to bring fully autonomous machines to more job sites across the U.S.

We want autonomous equipment to become beautifully unremarkable, as ordinary on a job site as GPS or grade control.

[Walden Robotics @WaldenRobotics]

What does it take to get robots out of the lab and onto the factory floor?

Our CEO @RussTedrake joined @BradPorter_ on Deployed to talk DARPA lessons, wheels vs. legs, factory safety, and why deployment is all about the details.

https://t.co/1kIj5CzJjz

[Colin Beirne @csbeirne]

I've had the privilege to back @bsofman at two companies now, and I'm convinced that he the team @BedrockRobotics are unlocking the ability for America to build the infrastructure necessary for continued global leadership and prosperity. I got to attend part of their team's kickoff offsite two years ago, and the amazing thing is - they have achieved WHAT they said they would, WHEN they said they would! Onto the next chapter, with more autonomous machines across more sites, solving a critical labor gap, and building our future. Bravo. Proud investor @deviationcap

[Colin Beirne @csbeirne]

I was lucky to be introduced to the @Etched founders in March 2024. A couple of weeks later at the full team pitch, our (then TSV) team recorded our votes and comments as usual before speaking and influencing each other. Looking back on that survey, many people mentioned that the valuation felt very high (in the low 100s of millions) for where they were at the time and the competition, and how chips are hard. But every single person wrote about what an incredible young team they were and had assembled: "incredibly impressive team", "have attracted great talent", "very impressive founders", "transformative company". In venture it's so easy to talk yourself out of something, because the risks are everywhere. I'm glad on this one we let the strength of these founders overcome any skepticism, because they have proven to be way more talented than even we thought. Proud to have them in the @deviationcap portfolio.

[TechCrunch @TechCrunch]

Jane Street has installed Etched's first shipped AI cluster system, and was so impressed, it led another massive round, the startup says.
https://t.co/BagoasWIv8

[Colin Beirne @csbeirne]

Rack 'em up! The first of many. Bravo guys. @Etched @deviationcap

[Varun Nair ✈️ CoRL ‘26 @_varunnair]

@WaldenRobotics one of the best takes on robotics data.

[Walden Robotics @WaldenRobotics]

The future of robotics won't be decided by demos. It'll be decided by what works in the real world. Great conversation with @tbpn on why we're betting on deployment from day one.
https://t.co/fuLxYaQiME

[TechCrunch @TechCrunch]

AI chip startup Etched defies skeptics, hits $10.3B valuation from big-name investors  https://t.co/wdw97qrIEN

[Colin Beirne @csbeirne]

It’s only been 2.5 years since I met @robertwachen and @UbertiGavin, but it is INCREDIBLE to have watched the rate of growth not just at the company @Etched, but in these guys personally as founders and operators. They have built a 400-person company humming at an incredible velocity of innovation. Speed is their product, not just for the racks they’re now shipping, but for the process of designing and manufacturing the systems that will power inference for decades to come. So impressive and so well deserved. Proud for @deviationcap to have been involved since the A.