General InformationFoundation (formerly Foundation Devices) is a Bitcoin-centric freedom tech company headquartered in Boston, MA, with 11–50 employees, founded in March 2020 by Zach Herbert, Ken Carpenter, and Jacob Johnston.
Funding & FinancialsFoundation has raised approximately $9.9M in total across two Seed rounds, with the most recent $7M Seed round in December 2022 led by Polychain Capital, with participation from Greenfield Capital, Lightning Ventures, Third Prime, and others.
Leadership & TeamCo-founder and CEO Zach Herbert leads the company with a vision for Apple-like design applied to Bitcoin sovereignty tools; co-founders Ken Carpenter serves as CTO and Jacob Johnston as Head of Supply Chain.
Recent ActivityIn December 2024, Foundation announced the Passport Prime — described as the world's first personal security platform combining a Bitcoin hardware wallet, 2FA, encrypted file storage, and an open third-party app ecosystem running on their custom KeyOS operating system, with shipping targeted for Q2–Q3 2025.