Eclipse has secured $1.3 billion through two funds to support the upcoming generation of physical industries.

      Fund VI, with a goal of $720 million, focuses on early-stage companies in the fields of robotics, manufacturing, and energy. Early Growth Fund III, totaling $591 million, assists companies that are scaling up towards Series A funding. This brings the total assets under management to about $10 billion.

      Eclipse, a venture firm based in Palo Alto that invests in businesses revitalizing physical industries, has successfully closed $1.3 billion across two funds at the same time. Eclipse Fund VI has secured $720 million for early-stage investments, while Early Growth Fund III has gathered $591 million to aid companies nearing commercial viability.

      Founded in 2015 by Lior Susan, Eclipse operates on the belief that the most impactful companies over the next decade will emerge not from software, but from physical industries that move, manufacture, and energize the real world. This encompasses sectors such as manufacturing, robotics, energy, agriculture, and essential infrastructure—areas that account for a significant portion of global GDP but have historically received only a small share of venture capital compared to enterprise software.

      Susan envisions the fund not merely as a traditional portfolio but as what he describes as a connected industrial economy—a network of companies that share infrastructure, customers, talent, and operational knowledge, enabling them to progress more swiftly than they could alone.

      The structure of the dual-fund approach mirrors the two distinct stages that Eclipse supports. Fund VI aims at early-stage companies in the initial capitalization phase, typically providing funding between seed and Series A rounds. Conversely, Early Growth Fund III addresses the transition between established products and commercial scalability, a critical phase for hardware-focused companies that often encounter their most capital-intensive hurdles, accompanied by higher execution risks.

      Bloomberg reported on the fundraising effort, noting Susan's discussion on the rapid transformation of physical industries due to advancements in artificial intelligence, enhanced robotics hardware, and renewed industrial policies in the U.S., which are shortening what previously took a decade to develop.

      Eclipse’s investment portfolio includes various categories within the physical industry. They have supported Cerebras, the company that created the world’s largest chip for accelerating machine learning tasks, and Redwood Materials, the battery recycling business that raised a $350 million Series E round led by Eclipse in October 2025.

      The firm's focus on operator experience is reflected in its partners, which include former executives from Amazon, Apple, and Samsara, and is key to their appeal to founders of hardware-based companies: they not only understand how to finance factories but also how to manage them effectively.