Robot Startup Backed by Eric Trump Misses Payroll After Founder Borrows Millions for Home

Foundation Future Industries, a military robotics startup backed and advised by Eric Trump, missed employee paychecks as its cash reserves dwindled. Workers have not received pay since October 30, according to people with direct knowledge of the situation. The cash crunch has caused anger internally because co-founder and CEO Sankaet Pathak borrowed $4.6 million from the firm to purchase a property in Sausalito, California. The company is currently attempting to raise hundreds of millions of dollars while preparing to unveil a weapons-ready humanoid robot.