Disruptive raises $10B late-stage fund targeting AI and defense companies
Dallas-based investment firm Disruptive announced a $10 billion fund to back at least 10 late-stage companies, with checks of up to $1 billion. It will focus on capital-intensive fields such as AI and defense. The Wall Street Journal reported earlier in October that the firm was raising the fund and had already secured at least $7.5 billion in commitments. This is the firm's first blind-pool fund; it previously raised money through deal-by-deal special purpose vehicles. The Dallas Business Journal reports it is the largest venture fund raised in Texas history. This is business news with no direct cyber threat relevance.
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Disruptive raises $10B late-stage fund targeting AI and defense companies
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Dallas-based investment firm Disruptive announced a $10 billion fund to back at least 10 late-stage companies, with checks of up to $1 billion. It will focus on capital-intensive fields such as AI and defense. The Wall Street Journal reported earlier in October that the firm was raising the fund and had already secured at least $7.5 billion in commitments. This is the firm's first blind-pool fund; it previously raised money through deal-by-deal special purpose vehicles. The Dallas Business Journal reports it is the largest venture fund raised in Texas history. This is business news with no direct cyber threat relevance.