Markets
Base10 Closes $850M Across Two Funds, Hits $2.6B AUM, Doubling Down on 'Real Economy AI' Appliers
San Francisco's Base10 (one of the largest Black-led VC firms) closed two funds totaling $850M — a seed/Series A Fund 4 and a Series B Fund 2 — backed by Sofina, sovereign wealth funds and endowments, lifting AUM to $2.6B. The explicit thesis: the biggest AI winners won't be model builders but companies applying AI to logistics, payroll, construction, finance and operations — the same 'application layer over foundation models' bet now driving SaaS disruption.
↳ Follow the thread