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Eclipse Raises $1.3 Billion to Accelerate the Reinvention of Global Physical Industries

Venture firm Eclipse raises $1.3 billion across two new funds to scale the next generation of industrial innovation and physical AI.

Venture firm Eclipse raises $1.3 billion across two new funds to scale the next generation of industrial innovation and physical AI.

NewDecoded

Published Apr 9, 2026

Apr 9, 2026

3 min read

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Palo Alto venture firm Eclipse announced today it has closed $1.3 billion in new capital across two distinct funds. This milestone includes $720 million for Eclipse Fund VI and $591 million for Early Growth Fund III. The firm now manages approximately $10 billion in total assets as it seeks to modernize the physical systems that underpin global economies.

These new funds target companies at critical stages of development. Fund VI focuses on early-stage opportunities from pre-seed through Series A. Meanwhile, Early Growth Fund III provides the heavy capital required to help deep-tech companies reach commercial scale and navigate the risks of physical production.

Eclipse differentiates itself through an operators with capital model. The leadership team consists of former executives from industry giants like Tesla, Apple, and Amazon. Their direct experience in building factories and shipping hardware allows them to provide deeper support than traditional software-focused investors.

The firm views its portfolio as an integrated Eclipse Economy rather than a list of separate entities. Companies within this network share infrastructure, talent, and manufacturing insights to accelerate their speed to market. This collaborative approach aims to compress the timelines usually associated with complex industrial scaling.

The move comes at a time of rising demand for domestic manufacturing and supply chain security. Founder Lior Susan highlighted that technology, talent, and policy are currently aligning to favor builders in the real world. This funding will support sectors ranging from defense and energy to robotics and AI-native infrastructure.

Notable successes within the Eclipse ecosystem include AI chipmaker Cerebras Systems and battery recycler Redwood Materials. You can find more details on these investments and the firm's vision at https://eclipse.capital. This latest capital injection reinforces the firm's role as a primary architect for the future of industrial technology.


Decoded Take

Decoded Take

Decoded Take

This massive fundraising marks a definitive transition in the venture capital landscape from pure software to what is now termed Physical AI. By securing $1.3 billion during a complex economic period, Eclipse has validated that the most significant returns are moving toward the intersection of bits and atoms. This strategy directly addresses the urgent need for resilient infrastructure and domestic production, positioning industrial tech as a cornerstone of national security and GDP growth. For the wider industry, this signals that the capital-intensive barriers to hardware innovation are falling as specialized firms provide the necessary operational blueprints for success.

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