Post by EverythingStartups
17,105 followers
Notable new VC fund highlight of the week š„ Playground Global | $475M | Fund IV Playground Global is a Palo Alto-based deep-tech firm that has spent a decade proving that the most important bets in venture aren't software; they're silicon, atoms, and physics. Quick breakdown: š„ Raised $475M for Fund IV, up from $410M in its 2022 Fund III close š„ Deliberately contrarian in a conformist VC market: while peers chase orbital data centers and hyperscale AI infrastructure, Playground bets on earthbound alternatives š„ Thesis is captured in co-founder Peter Barrett's line: "When software ate the world, Silicon Valley forgot about silicon", the firm invests at the physical layer, backing founders building the foundational hardware and science that the next era of computing will run on š„ Portfolio speaks for itself at scale: unicorns include Agility Robotics, Ayar Labs, d-Matrix, NextSilicon, PsiQuantum, Skydio, Ultima Genomics, and Virta Health Congrats to the whole team! Peter Barrett Pat Gelsinger Bruce Leak jory bell Benjamin Kim Kendra Perlitz š„ Track more newly launched VC funds over here: https://lnkd.in/dy-YFKjY #venturecapital #startups #funding #investing
