Founders fund
Founders Fund is a San Francisco-based venture capital firm that invests at every stage in companies developing revolutionary technologies. The firm and its partners have been investors, founders, and early employees of prominent technology companies, such as PayPal, Facebook, Space Exploration Technologies (SpaceX), and Palantir Technologies. Founded in 2005, Founders Fund has raised five funds to date, with more than $2 billion in aggregate capital under management. The firm has traditionally invested in a variety of sectors, including aerospace, artificial intelligence, advanced computing, energy, health, and consumer internet.
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AI server intermediary platform Hydra Host raises $100 million, led by Kindred Ventures
Hydra Host, a data center software startup and AI server intermediary platform, has completed a $100 million funding round at a post-money valuation of nearly $800 million. The round was led by Kindred Ventures. Other investors include Nvidia, ARK Invest, Magnetar Capital (an early investor in CoreWeave), and existing shareholders Founders Fund and Flume Ventures.Founded in 2021, Hydra Host initially served cryptocurrency miners but has since pivoted to providing automation software for data center operators. This software enables them to rent out idle Nvidia AI server computing power and operate a GPU matching marketplace connecting GPU holders with renters. The company has now deployed its technology across 50 data centers globally, expanding from 30 in February of this year. (The Information)
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Venture capital firm Founders Fund deployed its $4.6 billion fund within one year, making significant investments in leading AI and technology companies such as OpenAI and Anthropic.
According to The Information, as AI unicorns continue to attract massive capital inflows, venture capital (VC) firms are accelerating their fundraising efforts at an unprecedented pace. Founders Fund has already launched a new $6 billion fund this year to invest in late-stage growth companies—the first time in the firm’s 20-year history that it has raised capital from limited partners (LPs) less than two years after its previous fundraise. Reportedly, Founders Fund’s $4.6 billion fund raised in 2025 has been largely deployed, with capital allocated primarily across seven standout companies—averaging $600 million per investment—including AI and tech leaders such as OpenAI, Anthropic, Ramp, and Cognition. Market observers believe that the sustained heating of the generative AI sector, coupled with surging funding needs among top AI companies, is propelling the global venture capital industry into a new fundraising and investment cycle—and driving large funds to deploy and replenish capital at an unprecedented speed.
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Coinbase Founder's New Company NewLimit Raises $435 Million in Series C Funding, Valued at $3.1 Billion
: NewLimit, a longevity technology startup co-founded by Coinbase founder Brian Armstrong, announced the completion of a $435 million Series C funding round, achieving a valuation of $3.1 billion. The round was led by Peter Thiel's fund, Founders Fund, with continued participation from Abstract Ventures, Kleiner Perkins, NFDG, Eli Lilly Ventures, Valor Equity Partners, and others. New investors introduced in this round include Thrive Capital, Greenoaks, and Quiet Capital.In 2021, Brian Armstrong, along with former GV partner and bioengineer Blake Byers and stem cell biologist Jacob Kimmel, jointly invested $110 million to establish NewLimit in South San Francisco.
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AI programming startup Cognition completes over $1 billion in funding, valuation reaches $25 billion
: AI programming startup Cognition announced the completion of a new funding round of over $1 billion, with its pre-money valuation surging to $25 billion, doubling from the $10.2 billion post-money valuation achieved just 8 months ago.This funding round was led by Lux Capital and General Catalyst, with continued participation from Founders Fund and 8VC. New investors include Ribbit Capital, Atreides, and Layer Global.According to official data, the company's AI programmer product, Devin, has achieved a 50% month-over-month growth in enterprise user adoption over the past 6 months. The company's current Annual Recurring Revenue (ARR) has reached $492 million, with customers including major institutions such as Mercedes-Benz, NASA, Goldman Sachs, and Santander Bank.Facing competition from native AI coding tools such as Anthropic Claude Code, OpenAI Codex, and Google Jules, Cognition stated that Devin's continued growth and the acquisition of Windsurf assets demonstrate that independent AI programming agents still possess commercial viability.
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AI Programming Startup Cognition Raises Over $1 Billion, Valued at $26 Billion
According to Bloomberg, AI programming startup Cognition AI has announced a new funding round exceeding $1 billion, valuing the company at $26 billion post-funding—more than double its valuation from the previous round in September 2025. Lux Capital, General Catalyst, and 8VC co-led the round, with participation from Ribbit Capital, Atreides Management LP, and Founders Fund—Peter Thiel’s venture capital firm.
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Founders Fund’s Fourth Growth-Stage Fund Closes at $6 Billion, Its Largest to Date
According to Bloomberg, Founders Fund’s fourth growth-stage fund, Founders Fund Growth IV, has closed on $6 billion to invest in late-stage companies—the largest fundraising in the firm’s history. Of this amount, $4.5 billion comes from limited partners (LPs), including sovereign wealth funds; the remaining $1.5 billion comes from senior management and employees of Founders Fund, including Peter Thiel himself.
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Founders Fund has added approximately $624 million in investment to Anduril, positioning itself in the AI military market.
According to The Information, Peter Thiel’s venture capital firm Founders Fund is investing approximately $624 million in Anduril’s latest funding round—making it one of the largest investors in this round. Anduril’s current round is reportedly raising around $4 billion, with an estimated valuation of $60 billion; Andreessen Horowitz (a16z) and Thrive Capital are leading the round. Anduril is a U.S.-based AI defense startup. Its founder, Palmer Luckey, previously co-founded Erebor—a digital bank tailored for cryptocurrency and tech startups—with Peter Thiel.
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