Source: Protocol
Summary
Eclipse Ventures, a venture capital firm, has raised $500 million for its third fund. The fund will focus on investing in industrial and enterprise technology startups, particularly those working on artificial intelligence, robotics, and the Internet of Things. Eclipse will also use some of the funds to incubate new startups.
Our Reading
The launch follows a familiar script.
Eclipse Ventures is pumping $500 million into industrial and enterprise tech startups. AI, robotics, and IoT are on the menu. They’ll also incubate new startups because, why not? It’s not like that’s been tried before. “Incubating” startups is just a fancy way of saying they’re trying to build something from scratch, again.
Author: Evan Null
