137 Ventures Raises $700M Fund Betting on AI and Defense Breakthroughs

137 Ventures' $700M capital raise signals surging investor appetite for AI agents and defense technology as transformative sectors. The firm's track record backing SpaceX and companies like Cognition validates a strategy of identifying and funding companies with significant market impact early. This fund size reflects how growth-stage companies in AI and defense are increasingly attracting substantial capital, reshaping venture funding dynamics.