Foundation Capital, a first donor in Solana and a manufacturer of AI Cerebras flea, raised $ 600 million for its eleventh flagship fund.
The fund is 20% larger than its $ 500 million predecessor fund, which closed about three years ago.
The Capital Foundation focuses on start -up investment, which “means being there at zero day”, according to an announcement on Tuesday. As such, 80% of the foundation’s investments occur before the company has generated income.
For example, Foundation Capital invested for the first time in 2016 when the AI flea market was still emerging. Cerebras is now a company of $ 4.25 billion and provides for a first public offer (IPO) on an unpertified date in the future.
“Our first investment in AI took place in 2009, more than a decade before Chatgpt brought AI in the dominant current. We have been investing in blockchain since 2014, imperturbable by Frigid Crypto Winters,” said the company in Tuesday’s announcement.
