The San Francisco-based startup’s employees had not received their paychecks, the people said, asking not to be identified because they were discussing a private company. Public records show an LLC naming Pathak as its sole principal bought a $4.6 million property in Sausalito, California, in October 2025. The listing described the home as having “sweeping, cinematic views” of San Francisco Bay.
A spokesman for Pathak acknowledged receiving a detailed list of the story’s major points on Thursday but did not respond to requests for comment. Pathak’s previous startup, fintech firm Synapse, collapsed in 2024, leaving thousands of Americans unable to access their savings accounts.
The cash crunch comes as Pathak says Foundation is close to unveiling a next-generation, weapons-ready robot intended to help the United States compete with China. He is also seeking to raise hundreds of millions of dollars at a $3 billion valuation.
Pathak has said the company’s robots could take on battlefield tasks in Ukraine or patrol the U.S.-Mexico border. Media interviews and articles have also carried claims that Foundation won $24 million in Pentagon contracts. In an April television interview, Pathak said the company would unveil “the strongest humanoid robot that exists anywhere in the world, including China” within the next couple of months.
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