Post by AIM

Accel has raised $5 billion in fresh capital, making one of the biggest late-stage bets in recent venture history. The firm plans to deploy $4 billion through its Leaders Fund, cutting at least 20 cheques averaging $200 million each, with a clear eye on AI-powered technology across software, hardware, robotics, defence tech, and data centre infrastructure. A $650 million sidecar fund will sit alongside it, giving Accel's limited partners room to double down on select companies. The firm, which has backed over 800 companies to date including Anthropic, Perplexity, and Lovable, says this raise is about keeping pace with the intensifying competition around the AI boom. Source: Techcrunch #Accel #VentureCapital #AIInvestment #StartupFunding #TechNews