The venture fund that spent $4.6 billion in a year just raised $6 billion more
Founders Fund, the venture capital firm co-founded by Peter Thiel, closed a $6 billion growth fund on 1 May, its largest ever and its fourth dedicated late-stage vehicle. The majority of the capital, $4.5 billion, came from limited partners including sovereign wealth funds. The remaining $1.5 billion came from the firm’s own partners and employees, […]<br /> This story continues at The Next Web [...]
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Kai-Fu Lee's brutal assessment: America is already losing the AI hardware war to China
China is on track to dominate consumer artificial intelligence applications and robotics manufacturing within years, but the United States will maintain its substantial lead in enterprise AI adoption [...]
Accel raises $5 billion for AI as venture capital bets reach infrastructure scale
In short: Accel has raised $5 billion in new capital, comprising a $4 billion Leaders Fund V and a $650 million sidecar, targeting 20-25 late-stage AI investments at an average cheque size of $200 mil [...]
Arcee AI spent half its venture capital to build an open reasoning model that rivals Claude Opus in agent tasks
US start-up Arcee AI spent roughly half its total venture capital to train Trinity-Large-Thinking, an open reasoning model with 400 billion parameters designed to take on Claude Opus in agent tasks.&l [...]
Meta will fund seven new natural gas plants to power its biggest data center yet
Meta will essentially foot the power bill for the $27 billion mega data center it's building in Louisiana. On Friday, the Wall Street Journal reported that the company struck a deal to fund the e [...]
Nvidia teams up with venture capital firms to find and fund India's next wave of AI startups
Nvidia is rapidly expanding its partnerships in India.<br /> The article Nvidia teams up with venture capital firms to find and fund India's next wave of AI startups appeared first on The D [...]
Earlybird closes €360M Fund VIII, its largest ever, with a new perpetual ownership model and a deeptech-first thesis
The Berlin firm, founded in 1997, has raised a new fund every three to four years through every market cycle. Fund VIII is oversubscribed, manages €2.5 billion across strategies, and bets heavily on [...]
Eclipse raises $1.3B across two funds to back the next era of physical industries
Fund VI ($720M) targets early-stage companies in robotics, manufacturing, and energy. Early Growth Fund III ($591M) supports companies scaling toward Series A. Total AUM is now approximately $10 billi [...]
TBD VC unveils $35M venture fund to back Israeli deep tech startups
TBD VC, a new early-stage venture capital firm, has announced a $35 million fund to back deep tech Israeli founders at the pre-seed and seed stages, both in Israel and around the globe. The fund launc [...]