Carbon Arrow partners with founders and management teams building transformative companies across transportation, infrastructure, space, defense, energy, AI, and robotics.
We work with companies where the technology is really difficult and the stakes are genuinely high — the sectors reshaping the physical world.
We embed with management teams to build the organizational infrastructure that allows technical companies to scale — go-to-market architecture, revenue operations, talent strategy, and the financial frameworks that keep mission-critical companies on trajectory.
High capex companies seeking to scale efficiently must develop early excellence in procurement, supply chain, inventory, and accounting systems. We create the controls and processes to allow for massive growth without burning your entire raise.
Years of immersive work in deep tech sectors gives us pattern recognition that is difficult to replicate — procurement cycles, regulatory terrain, competitive dynamics, and the technical inflection points that determine outcomes.
Deep tech companies need finance leaders who understand physical inventory, capital-intensive operations, and complex contracts — not just recurring revenue. We evaluate CFO and Head of Finance candidates against a domain-specific framework built from firsthand experience in the category. Not a recruiter — the operator who validates the finalist slate.
Carbon Arrow draws on two of history's greatest frameworks for principled, high-performance action — the Bhagavad Gita and Marcus Aurelius' Meditations — as lenses for how we advise and operate.
"Shake off this faint-heartedness and arise."
"The impediment to action advances action. What stands in the way becomes the way."
For the past 25 years, markets placed their highest multiples on SaaS companies. Finance talent evolved accordingly. But deep tech companies are the opposite of simple from an operational finance perspective — complex contracts with milestone billing, hundreds of vendors across a global supply chain, physical inventory to track and verify, and payroll spanning degreed engineers to hourly machinists. The finance leaders who thrive in this environment are rare, and a standard executive search process was not built to find them.
Most CFO search processes test for communication polish and pedigree. Neither reveals whether a candidate can manage inventory as a cash lever, structure project finance for an infrastructure program, or close books across a multi-entity hardware business. The mismatch shows up six months after the hire — not before it.
We are not a recruiter. We do not source candidates or manage timelines. We evaluate the finalist slate that your network or retained firm has already identified — using a four-domain framework built from firsthand experience as a CFO in the category. The operator who can tell the difference between vocabulary and fluency.
A structured screening conversation with each finalist. A written assessment against the four competency domains — deep operations, capital allocation, data infrastructure, and leadership. A ranked recommendation with specific rationale. Engagement typically covers three to five candidates.
The finance talent pipeline has been optimizing for SaaS for a generation. The operators who have managed a multi-vendor supply chain, tracked committed spend against a construction budget, and structured project finance for an infrastructure program — they are rare, and they are almost never found by a search process designed to fill a role at a traditional company.
We work with a select number of companies at any given time — whether for operational advisory, a specific project, or a finance leadership evaluation.
Carbon Arrow was founded on a simple premise: the companies doing the hardest, most consequential work in technology deserve advisors and capital partners who understand both the magnitude and the mechanics of what they are building.
A modern carbon arrow is an engineering marvel — extraordinarily light yet structurally rigid, capable of traveling at velocity with minimal drag and deviation from its intended path. It is the product of refined materials science, precision manufacturing, and expert calibration. Once released, it does not waver.
This is the operating philosophy of Carbon Arrow: to act with velocity and precision in service of a clear objective. We do not generalize. We do not scatter resources across dozens of mandates. We identify the trajectory, and we commit.
Based in Austin, Texas, Carbon Arrow has supported the growth of numerous technology businesses since 2015 — from early-stage fundraising to operational transformation to strategic exits. Our sector expertise is concentrated in the industries reshaping the physical world: transportation, infrastructure, space, defense, energy, AI, robotics, and health.
Two ancient texts have profoundly shaped how we think about high-performance action, decision-making under uncertainty, and principled leadership. Both center on the figure of the disciplined warrior — and both have remarkable applicability to the modern work of building and leading transformative companies.
On the eve of the Battle of Kurukshetra, Arjuna — the greatest archer of his age — lowers his bow. Paralyzed not by cowardice but by the sheer weight of complexity, he questions whether action itself is justified. Krishna's first command is not philosophy. It is a directive to move.
The Gita's teaching on nishkama karma — disciplined action without attachment to outcome — is the operating framework for consequential work. Bring full capability to the mission. The arrow is released with precision and conviction.
Marcus Aurelius wrote his Meditations not for an audience, but as private dispatches to himself from the field. He was Emperor and military commander simultaneously — managing the largest organization in the Western world while prosecuting a grinding defensive campaign on the Danube frontier.
His Stoicism was operational, not academic. The Roman Legion under Marcus Aurelius was the apex of disciplined, adaptive execution — trained to hold structure and advance under maximum adversity.
For Carbon Arrow, this is the model: when a company faces a hard market, a regulatory block, a capital drought — those are not interruptions to the mission. They are the mission.
Arun is Founder and Managing Director of Carbon Arrow. Most recently, Arun was Chief Financial Officer of The Boring Company, Elon Musk's tunneling and transportation venture, leading everything from human resources, business development, inventory management, and facilities, as well as primarily building a finance and accounting machine that supported taking the company from a small-cap startup to a large-cap global enterprise.
Previously, he was CFO at Cerebri AI, a pioneer in data analytics and machine learning for enterprises. Before that he was a Partner with Virgo Capital, a private equity firm focused on software and technology services investments. At Virgo Capital, Arun led numerous strategic, financial, and operational initiatives for the firm and its portfolio companies, including serving as CFO and COO of multiple investments, transforming all aspects of operations, and leading the acquisition and sale of businesses across the technology sector. Prior to Virgo Capital, Arun was at Boston Consulting Group and co-founded Terrafugia, one of the first companies to build and test fly a "flying car" for the mass market, which was acquired by Geely Holdings, the owners of Volvo and Lotus. Arun started his career leading the design and development of attitude control system software algorithms for various communications and reconnaissance satellites for Boeing's Space and Defense business.
His broad experience spans building and operating companies solving some of the hardest technological problems for the world, including geostationary satellites, flying cars, enterprise AI software, and underground transportation systems.
Arun holds an MBA from MIT Sloan School of Management, an MS in Aeronautics and Astronautics from Stanford University, and a BS in Aerospace Engineering from Illinois Institute of Technology.
We work with a select number of companies at any given time. If you have a hard problem in deep technology, we want to hear about it.
If you have a substantive engagement in mind, please provide enough context to have a productive first conversation. We will respond if we think we can be helpful.