Provision Labs Acquires Basilisk Industries
The San Francisco physical AI startup has bought hardware firm Basilisk Industries, and its founder is joining as head of hardware.
Updated on Nov. 2, 2026 in Startups
Provision Labs, a San Francisco-headquartered data, evaluation and deployment layer for physical AI, has acquired Basilisk Industries. Basilisk founder Shourya Watwani has joined Provision Labs as head of hardware, and the financial terms of the deal were not disclosed.
Why it matters
The acquisition brings hardware development in-house for Provision Labs, which is hiring researchers and engineers across San Francisco, Toronto and Bengaluru. For San Francisco's startup ecosystem, it reflects continued investment in physical AI infrastructure.
The acquisition terms and purchase price were not disclosed, and Provision Labs' funding amount remains unreported. The company is backed by Lachy Groom, General Catalyst, Bain Capital Ventures and Glade Brook Capital, but no valuation or revenue figures were released.
The players
Provision Labs
A San Francisco-based company building a data, evaluation and deployment layer for physical AI, backed by Lachy Groom, General Catalyst, Bain Capital Ventures and Glade Brook Capital.
Shourya Watwani
The founder of Basilisk Industries who has joined Provision Labs as head of hardware.
The details
Sardana announced the acquisition in a LinkedIn post on November 2. Watwani will lead hardware development while also working on Provision's in-house post-processing models, and the team has built a metric 3D hand-tracking model, redesigned its perception hardware and produced a first version of a lightweight, high-fidelity tactile glove.
Timeline
November 2, 2026: Sardana announces the acquisition on LinkedIn.
Market Landscape
The move places Provision Labs in the growing physical AI segment, where companies are combining data infrastructure with custom perception hardware such as tactile sensing and 3D hand-tracking. Bringing hardware development in-house reflects a broader startup trend of vertical integration as physical AI firms try to control more of the stack.
For startup watchers and job seekers, Provision Labs is actively hiring researchers and engineers in San Francisco, Toronto and Bengaluru. The deal signals that hardware roles tied to physical AI are expanding across these hubs.
The takeaway
If you work in robotics or sensing, the combination of data infrastructure and in-house hardware is a model worth watching as physical AI companies build out their teams. Tracking hiring pages in San Francisco, Toronto and Bengaluru can reveal where these roles are growing.
Further reading
Explore more San Francisco Startups coverage for the local startup ecosystem behind this deal.
Source note: This article includes information reported by MoneyControl.
