Foundation Capital, which supports Solana and Cerebras in the early stages, raises $600 million in new funds

Odaily Planet Daily News: Foundation Capital announced the raising of $600 million for its eleventh fund, a 20% increase from the previous one. The company focuses on seed round investments and was one of the first institutional investors in Solana and Cerebras, with a focus on emerging markets such as artificial intelligence and cryptocurrency. When investing in Cerebras in 2016, the AI chip market had not yet taken shape, and now Cerebras is valued at $4.25 billion. The company has returned $1.4 billion to investors over the past three years, with recent successful exits including Evolution IQ ($730 million) and Venafi ($1.5 billion). The expansion of the fund aims to cope with the expansion of seed and Series A financing, while maintaining a 15% -20% shareholding ratio. Last year, senior partner Charles Moldow retired and the company is now managed by four partners. （techcrunch）