Eclipse Raises $1.3B to Fund Industrial Tech

A significant new capital commitment is fueling the next wave of industrial transformation. Venture firm Eclipse has successfully closed $1.3 billion across two new funds, a major infusion aimed at companies modernizing foundational physical sectors. The Palo Alto-based investor secured $720 million for its Eclipse Fund VI, dedicated to early-stage ventures, and an additional $591 million for its Early Growth Fund III, which supports portfolio companies as they approach commercial scale. This substantial raise elevates the firm’s total assets under management to roughly $10 billion.

Founded in 2015 by Lior Susan, Eclipse operates on a core conviction: the defining enterprises of the coming years will emerge not from pure software, but from the physical systems that manufacture goods, manage energy, and power global infrastructure. The firm targets sectors like robotics, manufacturing, and energy, which represent the bulk of the world’s economic output yet have traditionally received minimal venture funding compared to digital technologies.

Susan describes the firm’s strategy as building a connected industrial economy. Rather than a simple collection of investments, Eclipse cultivates a synergistic network where portfolio companies can share critical resources like infrastructure, customer relationships, and operational expertise. This collaborative model is designed to accelerate growth beyond what any single company could achieve independently.

The dual-fund structure directly addresses the distinct challenges startups face at different phases. Fund VI focuses on the initial capitalization stage, typically investing from seed through Series A rounds. Early Growth Fund III serves a crucial later stage, providing capital to bridge the gap between a proven product and full-scale commercialization. This period is often the most capital-intensive and execution-sensitive for hardware-focused businesses.

Industry observers note a powerful convergence of trends accelerating change in these physical domains. Advances in artificial intelligence, more capable robotics, and supportive U. S. industrial policy are collectively compressing development timelines that once stretched across decades. Eclipse’s portfolio reflects this broad scope, including holdings in AI chipmaker Cerebras and battery recycler Redwood Materials, which closed a $350 million Series E round led by Eclipse last October.

Central to the firm’s identity is an operator-first approach. Its partnership team includes former executives from companies like Amazon, Apple, and Samsara. This deep operational experience is a key part of its value proposition to founders, promising that their investors possess firsthand knowledge of not just financing a factory, but actually running one.