Disruptive raises $10B fund to make big bets on at least 10 companies

AI infrastructure and application startups may have a new source of late-stage capital: Disruptive has raised a $10 billion fund designed to make large investments in at least 10 companies. The concentrated strategy suggests checks potentially reaching hundreds of millions of dollars, giving selected startups more room to fund compute, chip production, hiring, and global expansion without relying on frequent follow-on rounds. Disruptive has already backed Groq, the AI inference-chip company, and ElevenLabs, which develops voice-generation models and products. Those investments point to interest across both the AI stack and end-user applications. The new fund's size matters most for capital-intensive companies competing on custom hardware, model training, and inference capacity, although Disruptive has not yet disclosed the fund's first deals, investment terms, or deployment schedule.