Disruptive Raises $10 Billion Fund for AI and Defense Startups
Disruptive raised a $10 billion fund to invest in AI, defense and software startups, according to Bloomberg. The Dallas investment firm, founded by Alex Davis, plans to back 10 later-stage companies with $1 billion each.
The fund effectively doubles Disruptive's assets under management. It also changes how the firm invests, replacing special purpose vehicles raised for individual deals with a single fund that Disruptive can allocate at its discretion.
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