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Schneider Electric's €1B Venture Arm: The Scarce Resource in AI Isn't Chips or Models, It's the Capacity to Build
SE Ventures managing partner Amit Chaturvedy told Crunchbase News that across its €1B fund and 8 portfolio unicorns, the binding constraint is 'the capacity to build — buildings, real estate, energy, power and electrification gear,' and that AI's grid demand is '100x or 1,000x bigger than what we saw with vehicles needing to get charged.' Roughly 80% of the portfolio has a commercial relationship with a Schneider Electric business unit, and it just exited Fabric8Labs to TDK. For SaaS builders the read-through is on the cost floor: every token has an electricity price, and if the buildout constraint is physical, the per-outcome pricing everyone is converging on has a hard floor that per-seat pricing never had.
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