Primary Ventures' $625M Fund V: Seed Is Scaling Into a Distinct Asset Class
Primary's new fund size signals that early-stage rounds in AI-era markets now require more capital and broader support platforms.
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Primary's new fund size signals that early-stage rounds in AI-era markets now require more capital and broader support platforms.
Boston startups raised $16.7B in 2025 and a record $1B in January 2026 alone — here's who's writing the checks and where the capital is flowing.
Cerebras' billion-dollar round underlines that wafer-scale and specialty AI accelerators are an investable asset class separate from GPU supply chains.
Waymo's $16B round led by Dragoneer, DST Global, and Sequoia reframes autonomous mobility as a platform-scale infrastructure bet, not a moonshot.
Baseten's January 2026 round highlights enterprise demand for latency-optimized model serving as a dedicated infrastructure layer.
Notation Capital’s technical pre-seed bets advanced as Talos extended its Series B and Alluvial was acquired, underscoring the Brooklyn firm’s infrastructure focus.