Eclipse raises $1.3B across two funds to back the next era of physical industries

Fund VI ($720M) targets early-stage companies in robotics, manufacturing, and energy. Early Growth Fund III ($591M) supports companies scaling toward Series A. Total AUM is now approximately $10 billion.

Eclipse, the Palo Alto-based venture firm that backs companies rebuilding physical industries, has closed $1.3 billion across two funds simultaneously. Eclipse Fund VI has raised $720 million for early-stage investments, and Early Growth Fund III has raised $591 million to support companies approaching commercial scale.

The raise brings Eclipse’s total assets under management to approximately $10 billion.

Eclipse was founded in 2015 by Lior Susan on the thesis that the most consequential companies of the next decade would be built not in software but in physical industries, the systems that move, make, and power the real world.

That means manufacturing, robotics, energy, agriculture, and critical infrastructure: sectors that together account for the majority of global GDP but have historically ...