Solari Capital Exits Stealth After Deploying $350 Million on 'Programmable Reality' Bets
Updated
Updated · Fortune · Sep 24
Solari Capital Exits Stealth After Deploying $350 Million on 'Programmable Reality' Bets
3 articles · Updated · Fortune · Sep 24
Summary
$350 million has already been deployed by AJ Scaramucci's Solari Capital, which emerged from stealth with a thesis spanning AI, biology, matter and finance.
The firm says its 'Programmable Reality' strategy rests on computing making intelligence, drugs, physical systems and money increasingly engineerable like software.
Its portfolio includes xAI, Suno, Tessera Therapeutics, Varda Space, Northwood Space and American Bitcoin, where Solari invested more than $100 million in a $220 million round last year.
Solari also incubates companies in-house, including Radial Health, while using the SALT conference network and backers such as Ron Conway, Eric Schmidt and Peter Diamandis to support deal flow.
Scaramucci pairs that long-term technology bet with a scarcity trade through Treasure Trove, arguing collectibles are a $25 trillion store-of-value market alongside gold and bitcoin.