We're an inception-to-seed venture firm backing relentless founders upgrading the physical economy.
The Neo Forge
Joined March 2016
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The physical economy is being rebuilt from the ground up. We back relentless founders applying technology to the systems that run it: critical minerals, infrastructure and energy, manufacturing, logistics and transportation, and commerce infrastructure.
🗞️ Stay ahead in the physical economy with Dispatch by Dynamo Ventures.
Join our mailing list 👇🏼
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💼 Who’s Hiring?👩💻
V&V Systems Lead at @Gatik_AI in Santa Clara, CA
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💸 @ICON3DTech, a company which has built more than 270 structures using a multistory robotic printing system, raised $200M in Series D Funding.
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🗞️ @MannaAero, the Irish drone delivery company now building out of Tulsa, is opening three more bases there, each able to fly up to 24 deliveries an hour, weeks after launching its first US site.
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🗞️ @McKinsey’s Global Materials Perspective puts metals and mining market cap at a record $3.7T and average EBITDA margins at 27%, yet revenue grew about 1% in 2025 on flat volumes, and labor productivity did not move.
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💼 Who’s Hiring?👩💻
Consumer Growth Manager at @MannaAero in Tulsa, OK
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💸 Omron is paying cash, about 25 times adjusted EBITDA, for @OnLogic, the Vermont maker of rugged industrial PCs and its roughly 2,000 North American manufacturing customers.
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💸 @rabotenergy, a company which pairs dynamic electricity tariffs with a plug-in home battery that charges when renewable power is cheap and discharges when it is scarce, raised $50M in Series B Funding.
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🗞️ Dry van spot rates averaged $2.26 a mile last week, up 35% from a year ago and 23% above the nine-year seasonal average, according to DAT.
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💼 Who’s Hiring?👩💻
Sales Development Representative at @cetoai in London, UK
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🎙️ The Dynamo Show is back with another new episode!
In this episode, @mads_ofarrell speaks with Megan Mauter, Stanford professor and Research Director at the @NAWIhub, about how water and power systems can work together.
Highlights of their conversation include:
• How water systems can support grid flexibility
• Why utility adoption requires more than technology
• A vision for water facilities as active grid participants
Take a listen and leave a comment!
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🗞️ Chinese makers shipped more than 97% of the world’s humanoid robots in the first half of 2026, about 19,100 units and triple a year earlier, according to Smart Analytics data cited by Bloomberg.
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💼 Who’s Hiring?👩💻
3D Vision Engineer, Spatial Intelligence at Staer (Remote)
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🎙️ Last week, @mads_ofarrell sat down with Scott Cornell, VP of Transportation Risk Strategy and Crime and Theft at LogistIQ Insurance Solutions, to talk about cargo theft and the gaps criminals exploit.
Scott walks through double brokering, MC number fraud, and the Trojan Driver scam, and explains why the widely cited loss figures understate the real cost.
Watch the full episode if you haven’t yet. 👇🏼
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🗞️ Attackers took over internet-connected refrigeration controllers at an estimated 700 French supermarkets and ran the defrost cycle until cases reached 50°C (122°F), spoiling stock and, in some stores, starting electrical fires.
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🛜 The machines were always exposed. An industrial arm inside a fenced cell was simply too boring to attack, and that excuse ran out before the first humanoid reached a loading dock.
Jaguar Land Rover lost five weeks of fully halted output at three plants, and in July Coca-Cola’s Fairlife suspended US milk production after a ransomware attack.
If the physical AI boom does one useful thing, it will be forcing the market to finally do something about the cyber risks in operational technology.
Continue reading the rest of The Signal on this week’s Dispatch issue:
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