{
  "id": 10448940,
  "title": "Seligman Ventures doubles capital to $1 billion as AI boom revives hardware bets",
  "url": "https://urgent.news/2026/09/28/seligman-ventures-doubles-capital-to-1-billion-as-ai-boom-revives",
  "topic": "ai",
  "section": "AI",
  "published": "2026-09-28T13:04:55.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/business/seligman-ventures-doubles-capital-1-billion-ai-boom-revives-hardware-bets-6415956"
  },
  "original_language": "en",
  "account": null,
  "summary": "Seligman Ventures has doubled its deployable capital to $1 billion, following a successful launch a year ago with $500 million. The venture arm of Seligman Investments, launched in February 2026, has since invested over $300 million across 14 investments in AI hardware, connectivity, and cybersecurity. The expansion reflects renewed investor interest in capital-intensive hardware, with venture investment in U.S. and Canadian startups reaching a record $392 billion in the first half of 2026, with semiconductor startups receiving $10.7 billion. Seligman Ventures' managing partner, Umesh Padval, said the firm is pursuing a barbell strategy, pairing early-stage bets with late-stage and pre-IPO checks. The capital increase is also part of a broader push by public-market managers to reach technology companies earlier, as startups stay private for longer.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "Seligman Ventures doubles capital to $1 billion as AI boom revives hardware bets",
        "url": "https://urgent.news/2026/09/28/seligman-ventures-doubles-capital-to-1-billion-as-ai-boom-revives-10453203",
        "published": "2026-09-28T13:04:55.000Z"
      },
      {
        "outlet": "Economic Times Tech",
        "title": "Seligman Ventures doubles capital to $1 billion as AI boom revives hardware bets",
        "url": "https://urgent.news/2026/09/28/seligman-ventures-doubles-capital-to-1-billion-as-ai-boom-revives-10454745",
        "published": "2026-09-28T13:22:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}