Accel raises $3.5 billion to invest in emerging global AI startups
The firm, which has backed artificial intelligence companies including Anthropic, Cursor and Perplexity, has raised four separate funds dedicated to backing young startups in a moment when the AI race is upending the fundraising market. A $1.35 billion global expansion fund will be set aside for larger early-stage rounds and rapid follow-on investments; $800 million will target US investments,…
We haven't written up this one. Economic Times Tech has the full story — the link below goes straight to it.
