Topic
Covers how venture capital funds are raised and sized, from debut funds to major top-ups, including LP commitments and manager fundraising strategy.
Both governments funded Yoshua Bengio's safe-by-design institute at Montreal's ALL IN, where Cohere agreed terms with Germany's Aleph Alpha and OpenAI's managing director called Canada an obvious place for a data centre.
Reality
Vaughn Crowe has been underwriting manufacturing since 2020 and closed an $80 million second fund last year. The deals list on the same Fortune page totalled $545 million, and $395 million of that went to AI data-center work.
Reality
Two closes three days apart put $2.85bn of fresh commitments behind the AI stack. The question for anyone raising is which of a16z's two vehicles turns up, because their mandates now overlap at the growth stage.
Reality
Two vehicles raised days apart put $9.6bn behind AI, and the smaller one buys into a layer where a16z says rack power runs from 250 kilowatts today to a megawatt within three years. Supply, on the firm's own numbers, grows 20-30% a year.
Reality
The Machine Age Fund's case is a rack going from 5-10kW to 100-250kW and toward a megawatt within three years. That number is what determines where your inference runs and how fast it can answer.
Reality
The San Francisco firm ran salons for the "VC curious" to make its own limited partners, and closed with roughly 80% women against a European baseline where women manage 9% of assets under management.
Reality