Updated

Updated · The New York Times · Sep 16

Matter Venture Partners Raises $450 Million for Second Hard-Tech Fund as AI Lifts Deep-Tech Bets

Updated

Updated · The New York Times · Sep 16

Matter Venture Partners Raises $450 Million for Second Hard-Tech Fund as AI Lifts Deep-Tech Bets

1 articles · Updated · The New York Times · Sep 16

$450 million will back Matter Venture Partners’ second fund, aimed at early-stage hard-tech startups in semiconductors, AI infrastructure, energy, robotics, advanced manufacturing and quantum computing.
Wen Hsieh launched Matter in 2023 on the view that the AI boom would drive demand for the hardware powering it, a bet now gaining traction across Silicon Valley.
ASML, Taiwan Semiconductor Manufacturing Company and Kleiner Perkins joined the fundraising, underscoring support from investors and companies tied closely to AI’s expansion.
PitchBook data shows venture investment in deep tech rose from $23 billion in 2020 to $90 billion so far this year, as hardware regains favor despite its heavy upfront capital needs.

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With VC abandoning software for physical tech, what happens to these capital-heavy startups if the AI hype suddenly cools?

As billions flow into AI hardware, will massive energy and cooling demands become the tech industry's ultimate breaking point?

Could the aggressive race for AI physical dominance trigger a global hardware shortage that paralyzes traditional tech sectors?

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