Eclipse Ventures has $500 million more to digitize old-line industries and bring them up to speed

Two years ago, we talked with Lior Susan, the founder of now six-year-old Eclipse Ventures in Palo Alto, California. At the time, the outfit believed that the next big thing wasn’t another social network but instead the remaking of old-line industries through full-tech stacks — including hardware, software and data — capable of bringing them into the 21st century. Fast-forward, and nothing has changed, not inside of Eclipse anyway. While the world has gone through a dramatic transformation owing to the coronavirus pandemic — never has the U.S.’s crumbling infrastructure been so apparent to so many — Eclipse is backing exactly the same kinds of companies that it always has and with the same size fund. Indeed, after closing its second and third funds with $500 million, the firm quietly closed its fourth vehicle earlier this month with $500 million in capital commitments, predominantly from e… Click below to read the full story from TechCrunch
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