VC Eclipse has a new $1.3B to back - and build - 'physical AI' startups | TechCrunch
Briefly

VC Eclipse has a new $1.3B to back - and build - 'physical AI' startups | TechCrunch
""Over the last two decades, we've seen multiple waves of innovation... This is the first time where stuff is going to move from our screens into the physical world; we're going to see advanced levels of intelligence, along with actual actions, in terms of, solving problems in the real, physical world.""
""We have a nice war chest to go and make a serious dent in the market and support the companies in the right way across the life cycle.""
""Eclipse isn't breaking new ground by investing in physical AI. It is after all, the next shiny new thing to invest in.""
Eclipse Ventures is investing heavily in physical AI, with a median deal size increasing significantly. The firm has allocated $1.3 billion in capital, targeting early-stage and growth startups. Partner Jiten Behl emphasizes the shift from digital to physical innovations, highlighting the importance of advanced intelligence in solving real-world problems. Eclipse aims to build an interconnected ecosystem of startups across sectors like transportation, energy, and defense, leveraging technological advancements and market demand to drive this new era of innovation.
Read at TechCrunch
Unable to calculate read time
[
|
]