BREAKING: Rare Interview w/ @EclipseVentures Co-Founder & CEO Lior Susan Eclipse turned $147M into a $2.5B Cerebras stake. $12.5B AUM. 90 companies. 30 built in-house. $40B–$50B in portfolio commercial deals last year. Lior goes deep on the $100T physical-world opportunity, Eclipse’s Venture Equity model & why free cash flow beats gross margin. Fund Stats: › $1.3B raised in April across Fund VI + Early Growth III › 17x on Cerebras at the $185 IPO price › Portfolio companies raised $15.9B in 2026 alone › 30 of 90 companies built in-house through Venture Equity › $40B–$50B in commercial deals signed across the portfolio last year "We never thought of ourselves as venture capital. We call it operators with capital because we are operators with capital." Founded in 2015 by Lior Susan alongside Silicon Valley legend Pierre Lamond, who worked with Gordon Moore at Fairchild Semiconductor, helped build National Semiconductor & spent nearly 3 decades at Sequoia. Eclipse bet early on the physical world across semiconductors, manufacturing, robotics, defense, energy & infrastructure. Portfolio: @andrewdfeldman x @cerebras, Parallax, Prime Minute, Anduril, Wayve, Redwood Materials, VulcanForms, Bedrock Robotics, True Anomaly, Ursa Major, Oxide, Bright Machines, Verkada, Mytra, Peak Energy, The Nuclear Company, Reliable Robotics, Skyryse, Mind Robotics & ALSO. 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 (00:00) Lior Susan, Founder & CEO at Eclipse (01:02) The story behind Eclipse (02:35) How Lior met Pierre (05:54) The culture Pierre brought to the team (07:33) Why physical companies need operators (11:21) How Eclipse decides what to build (12:35) How Mind Robotics was spun out of Rivian (15:41) Why Lior started Eclipse (18:21) Why building physical companies is so hard (20:53) Why there are only 3 major memory companies (21:51) Why hardware can beat SaaS economics (24:33) Inside Eclipse’s physical industry bet (29:15) This is the best time to build (31:01) The Redwood Materials story (32:35) The "Second Act" of physical companies (33:20) Building moats in the Physical World (34:05) Why on-prem infrastructure is coming back (36:01) Building the "Eclipse Economy" (40:08) Why physical infrastructure creates jobs (41:19) From banana farmer to VC (43:37) What it really means to support a portfolio company (46:00) Who inspires Lior?

“This is the best time to build.” Eclipse Founder and CEO Lior Susan joined @sourceryy's @MollySOShea to talk about why we built Eclipse differently, the bet we made on the physical economy a decade ago, and why the opportunity is bigger than ever. For the full conversation: bit.ly/3VdkTgt

AI’s next bottleneck isn’t chips. It’s power. Today, @parallax_ind emerges from stealth with $117M from Eclipse, @Lux_Capital, @foundersfund, Valor, @GreylockVC , and @generalcatalyst to rethink how that power gets built. Its clean-sheet gas turbine is designed to eliminate the supply chain constraints holding back generation and scale faster for the AI era. More from Eclipse Founder and CEO Lior Susan: bit.ly/4d6whkl

The first moments of a disaster matter most. Prime Minute is building to make sure we’re ready for them. Today, Prime Minute emerges from stealth with $15M in pre-seed funding led by Eclipse to build the first prime for global resilience, bringing defense-grade speed, precision, and coordination to disaster response. More from Eclipse Founder and CEO Lior Susan: bit.ly/4yZ45Zi

Great companies don’t just scale what works. They build capabilities that unlock what comes next. In a new case study, Eclipse Partner and Head of Growth Joe Fath breaks down how @RedwoodMat evolved from battery recycling into a multi-act business, and the investment framework Eclipse uses to find and scale durable compounders: bit.ly/4xCjU6X

Incredible! Congratulations @alexgkendall and @wayve_ai team! 🚀

5/ Thanks @EclipseVentures for your partnership in building Noetive: eclipse.capital/blog/operati…

We're excited to welcome Elisa de Martel to Wayve as Chief Financial Officer! Elisa will oversee Wayve's global finance organization as we enter the next phase of growth across our automotive and robotaxi businesses. wayve.ai/press/wayve-appoint…

𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗶𝗻𝗴 𝗡𝗼𝗲𝘁𝗶𝘃𝗲 🚀 After five months in stealth I am excited to introduce to you … 𝗡𝗼𝗲𝘁𝗶𝘃𝗲 (noetive.ai) @NoetiveAI is a new kind of AI lab, building the foundational models and agents that help every business across the physical Economy live up to its true potential – We call it 𝗜𝗻𝘁𝗲𝗹𝗹𝗶𝗴𝗲𝗻𝗰𝗲 𝗼𝗳 𝗥𝗲𝗰𝗼𝗿𝗱. 𝗜𝗻𝘁𝗲𝗹𝗹𝗶𝗴𝗲𝗻𝗰𝗲 𝗼𝗳 𝗥𝗲𝗰𝗼𝗿𝗱 is a self-improving AI that works alongside teams. Our agents sit on top of the systems already in use, learn how the business truly runs, and take on the hardest parts of running it — delivering operational excellence day to day and sharper strategic insight over time, so the business keeps getting better and unlocking the potential that was always there. As a founder you always want to make sure you have the right people along for the ride, so I started with @DanBarak, my great co-founder I have known for 28 years (OMG?!?! Has it been that long). To allow you to dream big and build even bigger, you need an incredible founding team to make it all possible – I am so humbled and grateful for the exceptional team that we were able to put together to go tackle our lofty goal. Last but not least I am excited to be building with, alongside and with the guidance of incredible venture firms, operators, entrepreneurs and builders who are there with me at every step of the way. We are growing. I am looking for exceptional people to join Noetive. We are hiring (noetive.ai/team) AI researchers and full-stack AI-native engineers who want to take frontier research into the real world and make a dent in the universe. Thank you @EclipseVentures, @craft_ventures , @TheWestlyGroup , Swish Ventures, FactoryHQ @gigascale, @incitedotorg , @Liquid2V, Operator Partners, @boztank, @Ahmad_Al_Dahle , @MattLRogers, Lior Susan, Yaser Sheikh, @schrep, @bsofman, @DLeitersdorf, @OLeitersdorf, @MosheSshalev, @Casspi18, @makavy, @orristr989 , Ryan Gibson, Shaun Chaudhuri, @Mike_Rob_Craft, @taylordurand_ , Steve Westly, for your support, guidance and companionship. Follow us on LinkedIn: linkedin.com/company/noetive… Noetive's Full post: nitter.net/NoetiveAI/status/21002… Let’s go!

Building companies has been part of Eclipse’s DNA from day one. Today, the latest company we built alongside @Amirfrenkel, @DanBarak, and team is emerging from stealth. @NoetiveAI is bringing operational intelligence to the physical economy, built alongside customers in the environments it’s designed to transform. More on how it came together: bit.ly/46owr2X

VulcanForms Inc. is excited to share our latest milestone, and we’re proud of the teams and partners who helped make this happen! “VulcanForms and Specter Aerospace Partner to Accelerate U.S. Hypersonic Manufacturing Capacity” Check out the announcement and join the conversation: #VulcanForms Inc. share.prnewswire.com/s/mJ7UC…

The AI race isn’t just about models. It’s about the infrastructure, energy, and physical systems required to stay ahead. Eclipse Founder and CEO Lior Susan joined @EdLudlow on @business to discuss U.S. competitiveness, the data center buildout, and why physical AI could be a major driver of economic growth. Watch the full interview: bit.ly/4hdBzfk

25 years later, we remember the lives lost on 9/11 and honor the extraordinary courage of the first responders, service members, and everyday Americans who stepped forward in the face of tragedy. We will never forget. 🇺🇸

We're opening our doors during SF @techweek_ for an evening on physical AI, hosted by @EclipseVentures, Bright Machines, and Bedrock Robotics. Thursday, October 8 5:00 PM | Doors open 5:30 PM | Panel 6:00–7:00 PM | Networking & drinks

@ReframeSystems is expanding across North America. $40M in new financing. New MA microfactory that can produce up to 500 multifamily units or 250 single-family homes annually. Goal: 1M homes by 2040. Thanks to @rocketalignment at @theinformation for the exclusive.

Quantum computing is advancing fast. But as Eclipse Partner @Sethwinterroth tells @FastCompany, the milestone that matters is practical quantum advantage: Solving a commercially useful problem classical computing can’t. When that happens, the race won’t just be between companies. Quantum will become a strategic capability shaping economics, security, and geopolitics. More from Seth on what to watch next: bit.ly/4y1kpbk

AI’s physical backbone has to be built. @brightmachines CEO Sviat Dulianinov recently joined @nbcbayarea with @ScottMcGrew to discuss how AI, robotics, and software-defined manufacturing are helping scale the servers and infrastructure powering the AI boom. Watch: bit.ly/4qICuJ1

Congratulations @andrewdfeldman on being included in @TIME's list of TIME100 AI. 🟧🚀

Last week, @foxglove's Actuate 2026 brought together 1,000+ engineers, founders, and technical leaders around the future of physical AI. Three takeaways: Data is becoming infrastructure, the robotics stack is taking shape, and real-world deployment remains the ultimate test. The thousandth unit in the field, not the first demo, decides who becomes a business. Proud to see the community Foxglove has built, alongside @BedrockRobotics, @gs_ai_, @wayve_ai, and so many others pushing the industry forward. See you next year!

Congratulations @ursamajortech team! 👏🚀