Steel Atlas is a venture capital fund that invests in ten or fewer companies per fund, focusing on industrial bottlenecks like critical minerals, supply chains, and national infrastructure, and it uses a global network of industrial conglomerates to help portfolio companies find commercialization opportunities in Europe and the Gulf. The fund applies an internal framework called the Triad to find industrial technologies it believes are undervalued due to public fear or mistaken beliefs, as seen in its investment in the nuclear company Transmutex, and its team combines backgrounds in professional sports, computer science, and industrial dealmaking to support companies beyond just providing capital.