Silicon Valley venture capital firm Playground Global has completed fundraising of $475 million for a new fund, focusing on startups in fields such as AI
According to Axios, Silicon Valley venture capital firm Playground Global has completed fundraising of $475 million for a new fund, which will focus on investing in startups in the fields of artificial intelligence, automation, advanced computing, and deep tech.
Playground Global was founded by Android co-founder Andy Rubin and others, and has long focused on AI infrastructure, robotics, and hardware innovation. This new fund indicates that, driven by the surge in generative AI and automation, capital continues to pour into the frontier technology sector.
Playground Global is headquartered in Palo Alto, California, and previously completed fundraising of $410 million for its third fund in 2022. Its investment portfolio includes companies such as Agility Robotics, PsiQuantum, Skydio, Ultima Genomics, Virta Health, and Unconventional AI.
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