Basis Capital, an early backer of Solana and AI Chip Maker Cerebras, raised $600 million for its eleventh flagship fund.
The fund is 20% bigger than its predecessor, $500 million fund, which closed about three years in the past.
Basis Capital's focus shall be on early stage investments, based on a launch on Tuesday. Subsequently, 80% of the muse's funding happens earlier than the corporate generates income.
For instance, Basis Capital was first invested in 2016, when the AI chip market was nonetheless in its early levels. Cerebras is presently a $4.25 billion firm and plans to supply an preliminary public providing (IPO) on unspecified days sooner or later.
“Our first AI funding was in 2009. It's greater than a decade earlier than ChatGpt made AI mainstream. We've been investing in blockchain since 2014, and we're not gonna be within the frigid crypto winter,” the corporate stated in an announcement Tuesday.
