Eclipse Ventures Raises $1.3B to Back and Build 'Physical AI' Startups — Cerebras Backer Hits $10B AUM

Bloomberg·medium signal

Eclipse Ventures closed $1.3 billion across two funds (Fund VI at $720M and Early Growth Fund III at $591M) targeting physical AI — the convergence of AI with robotics, autonomous systems, and hardware in transportation, energy, defense, and manufacturing. Uniquely, Eclipse will both invest in and incubate startups, assembling founding teams and defining early product direction before external investors see a cap table. The raise brings Eclipse's total AUM to approximately $10 billion.