SpaceX backer 137 Ventures raises $700M for two growth-stage funds

137 Ventures, a venture capital firm known for its strategic investments, has announced the successful raising of over $700 million through two new growth-stage funds. This capital will be directed towards startups that demonstrate the potential for substantial market influence. Founded by Justin Fishner-Wolfson, a former investor at Founders Fund, 137 Ventures has made significant strides in the past year, deploying over a billion dollars into companies focused on defense, artificial intelligence, and industrial systems. Among its notable investments are Cognition, a company specializing in AI agents, Hadrian Automation, which leverages AI in manufacturing, and defense innovator Anduril. Additionally, 137 Ventures holds a prominent position as an investor in SpaceX, the aerospace giant founded by Elon Musk. With SpaceX preparing for a historic IPO that could value the company at over a trillion dollars, 137 Ventures has been a loyal supporter since 2010, contributing to the company through approximately two dozen funding rounds. This new capital infusion is set to enhance the firm's ability to support groundbreaking ventures in critical sectors.