Foundation Capital launches $600 million new fund to invest in AI, crypto and other fields


Foundation Capital announced the launch of its 11th flagship fund with a size of $600 million, aimed at investing in the fields of artificial intelligence, financial technology, and cryptocurrency. It is reported that Foundation Capital is an investor in AI chip company Cerebras and also the first institutional investor in blockchain platform Solana. The new fund is expected to not adopt a multi-stage, multi-region, multi-strategy approach, but rather continue to focus on finding investment opportunities in the early stages.