Insider Brief
- Eclipse announced two new funds totaling $1.3 billion — Fund VI ($720 million) and Early Growth Fund III ($591 million) — bringing assets under management to about $10 billion.
- The firm said the capital will be used to scale companies in manufacturing, infrastructure and industrial systems, continuing its focus on “physical industries” tied to economic growth and national competitiveness.
- Eclipse’s model centers on building a networked portfolio that shares infrastructure, customers and expertise, which it said is helping startups move from development to production and commercialization faster.
Eclipse announced two new funds totaling $1.3 billion to expand its investment strategy focused on physical industries.
The raise includes Eclipse Fund VI, a $720 million vehicle, and Early Growth Fund III, a $591 million fund targeting later-stage companies, with the new funds bringing its total assets under management to about $10 billion, according to Eclipse.
Founded in 2015, Eclipse indicated the new capital will be used to accelerate the development of companies operating in sectors tied to manufacturing, infrastructure and industrial systems, which it views as increasingly central to economic growth and national competitiveness.
The latest funding marks a continuation of Eclipse’s strategy to back companies developing systems that “move, make and power” the physical world, as demand grows for innovation in supply chains, energy, manufacturing and other core industries.
“From day one, we believed the most important companies of this generation would be built in physical industries — and that they would need a different kind of partner” Eclipse founder and CEO Lior Susan wrote in a LinkedIn post. “One rooted in operating experience, not just capital: Operators with capital.”
Eclipse said its model centers on creating a network of portfolio companies that share infrastructure, customers and expertise to speed development and commercialization.
According to Eclipse, this interconnected approach is helping startups reach production milestones, secure customers and scale operations faster than traditional standalone models. The firm said aligning capital, talent, technology and policy is accelerating the pace of change across industrial sectors.
Eclipse is the backer of a myriad of deep tech companies that include AI-focused processor maker Cerebras Systems, data center infrastructure company Aria Networks, UK self-driving startup Wayve and AI-driven industrial robotic startup Mind Robotics.
“Companies in physical industries are built differently,” Eclipse noted in its blog post. “We believed that, with the right partners, a new generation of builders could take the baton from the last wave of industrial innovators — and go even farther.”
