Accel raises $5B to back latestage bets | TechCrunch

Image for article Accel raises $5B to back latestage bets | TechCrunch
News Source : TechCrunch

News Summary

  • Accel announced on Tuesday that it raised $5 billion in fresh capital to back late-stage companies.
  • The venture firm is looking to invest in companies building AI-powered technology, with a focus on software, hardware, robotics, defense tech, and data center infrastructure.
  • Accel has backed more than 800 companies to date, including Anthropic, Perplexity, and Lovable.
  • This latest fundraise comes as the firm hopes to keep up with the AI boom competition.
  • A spokesperson for Accel did not respond to a request for comment.
Accel announced on Tuesday that it raised $5 billion in fresh capital to back latestage companies.The venture firm told Bloomberg that $4 billion will go to its latestage Leaders Fund, for which [+655 chars]

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