While most people are still talking about the buzz around AI and defense tech, one venture capital firm has decided to put serious money where its mouth is.
Felicis, a VC firm based in Menlo Park and San Francisco, just announced the close of its tenth fund—FV X—with a massive $900 million in capital ready to deploy.
Betting Big on the Future of AI and Innovation
This new fund isn’t just large—it’s sharply focused.
Felicis is directing FV X toward AI-first companies, whether they’re building broad horizontal platforms or more niche vertical applications.
But that’s not all. They’re also zeroing in on cybersecurity, infrastructure, global resilience (think defense and energy sectors), and health and biotech—a category still dominating the U.S. GDP.
In short, Felicis is making a strong bet on the kinds of tech that could shape global industries and economies for years to come.
Early-Stage Focus with Industry-Leading Ambitions
FV X will be looking to lead or co-lead early rounds, particularly at the seed and Series A stages.
That means they’re diving into companies right at the beginning, helping build the next generation of billion-dollar businesses from the ground up.
And they’ve got the track record to back it up.
A Proven Track Record in Unicorn Hunting
Felicis has been at this since 2006, and the numbers speak volumes.
Over 50 of their backed startups have gone on to be worth more than $1 billion.
More than 125 companies in their portfolio have either been acquired or gone public.
What’s more impressive? They’re one of only eight VC firms globally to have helped create eight “mega-unicorns”—companies with exits over $5 billion—all at early funding stages like Seed, A, or B rounds, and all within the last ten years.
Meet the Team Behind the Fund
This $900 million vision is being driven by an experienced team at Felicis, including:
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Aydin Senkut
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Viviana Faga
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Sundeep Peechu
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Victoria Treyger
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Niki Pezeshki
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Astasia Myers
These names may not be on the cover of tech magazines every week, but in venture circles, they carry serious weight.
What’s Next for Felicis?
With FV X ready to go, all eyes will be on how Felicis uses this firepower to back the next wave of transformational startups.
Whether it’s a game-changing AI platform, a breakthrough in biotech, or next-gen energy innovation, Felicis seems poised to be at the center of it.
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