Foundation Capital, an early sponsor in Solana and the AI chips manufacturer, has raised $ 600 million for its eleventh flagship background.
The fund is 20% larger than its predecessor fund of $ 500 million, which closed about three years ago.
The Foundation Capital approach is in the investment in the initial stage, which “means being there on 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 first invested in 2016 when the AI chips market was still incipient. Brains now is a company of $ 4.25 billion and has plans for an initial public offer (OPI) on an un specified date in the future.
“Our first investment of AI was in 2009, more than a decade before Chatgpt brought the mainstream.
