Get the latest tech news
Foundation Capital, an early backer of Solana and Cerebras, raises $600M fund
Foundation Capital has come a long way since it was forced to scale down its fund size from $750 million in 2008 to $282 million (its sixth main fund) in
“At that time, AI workloads were minuscule,” Vassallo explained, adding that Nvidia’s GPUs were used mainly by gamers and graphic designers. The company filed a public S1 last fall but postponed its IPO primarily due to a review by the Committee on Foreign Investment in the United States (CFIUS). Foundation claims that by creating new markets, the firm’s winning investments end up “owning their categories,” leading to exponentially better outcomes.
Or read this on TechCrunch
