Disruptive targets up to $10B AI-era late-stage fund
AI summary
Dallas-based investment firm Disruptive is targeting up to $10 billion for a late-stage fund and has secured $7.5 billion, according to sources cited by The Wall Street Journal. The firm, founded in 2012, has backed AI startups including Groq and Reflection AI.
In-depth insight
The fundraising effort highlights the growing scale of capital being directed toward late-stage AI companies.
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