--- title: Dallas firm Disruptive closes $10bn fund to back AI and... description: Dallas venture firm Disruptive has closed a $10bn fund to back AI, defence and software startups, roughly doubling its assets under management. It plans to... canonical: https://daily.dev/posts/dallas-firm-disruptive-closes-10bn-fund-to-back-ai-and-defence-startups-ncja1mzvp twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Dallas firm Disruptive closes $10bn fund to back AI and defence startups | daily.dev og:description: Dallas venture firm Disruptive has closed a $10bn fund to back AI, defence and software startups, roughly doubling its assets under management. It plans to... og:url: https://daily.dev/posts/dallas-firm-disruptive-closes-10bn-fund-to-back-ai-and-defence-startups-ncja1mzvp og:image: https://api.daily.dev/og/posts/NCjA1mzvP.png og:image:alt: Dallas firm Disruptive closes $10bn fund to back AI and defence startups og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Dallas firm Disruptive closes $10bn fund to back AI and defence startups **[The Next Web](https://daily.dev/sources/tnw)** · 2 min read · 0 upvotes · 0 comments ## Summary Dallas venture firm Disruptive has closed a $10bn fund to back AI, defence and software startups, roughly doubling its assets under management. It plans to invest about $1bn each into roughly 10 late-stage companies, mostly in new funding rounds. The firm is moving away from deal-by-deal special purpose vehicles to a single fund it controls directly. Disruptive has only about 30 staff, and its portfolio includes Groq, ElevenLabs, Databricks and Shield AI. It says it has returned more than $6bn on about $1.9bn invested. Nvidia agreed a $20bn deal to license Groq's technology and hire much of its staff, giving Disruptive an early return. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### How much money did Disruptive raise for its new venture fund? Disruptive, a Dallas-based venture capital firm, closed a $10bn fund to invest in AI, defence and software startups. The fund roughly doubles the assets the firm manages and will be used to back about 10 late-stage companies, with roughly $1bn going into each, mostly through new funding rounds rather than secondary share purchases. _Track how mega-funds like this are reshaping access to late-stage AI and defence deals on daily.dev._ ### What return did Disruptive get from its investment in Groq after the Nvidia deal? Disruptive said it returned more than $6bn on about $1.9bn invested, according to a letter to its investors, with Groq as its best-known bet. Nvidia agreed a $20bn deal to license Groq's chip technology and hire much of its staff, giving Disruptive an early and outsized return on that investment. _Investors weighing AI chipmaker bets can follow deals like Groq's Nvidia licensing deal on daily.dev._ ### Why is Disruptive moving away from special purpose vehicles (SPVs) for its startup investments? Founder Alex Davis said startup founders had grown frustrated with SPVs because they often do not reveal who is actually behind the money. Instead of raising cash deal by deal through SPVs, Disruptive will now run one large $10bn fund and choose its own investments, since top companies increasingly pick which investors they want on their cap table. _Founders and investors navigating late-stage funding structures can follow this shift on daily.dev._ ## Similar posts on daily.dev - [Nvidia Just Paid $20 Billion for a Company That Missed Its Revenue Target by 75%](https://daily.dev/posts/nvidia-just-paid-20-billion-for-a-company-that-missed-its-revenue-target-by-75--7l3tqza3g) · Hacker News · 5 upvotes · 1 comments - [Groq’s $650M raise rebuilds it after Nvidia](https://daily.dev/posts/groq-s-650m-raise-rebuilds-it-after-nvidia-umczyyoxx) · The Next Web · 0 upvotes · 0 comments - [Nvidia’s AI empire: A look at its top startup investments](https://daily.dev/posts/nvidia-s-ai-empire-a-look-at-its-top-startup-investments-rr0zj6erm) · TechCrunch · 2 upvotes · 0 comments - [Breakout Ventures raises $114M fund to back AI science startups](https://daily.dev/posts/breakout-ventures-raises-114m-fund-to-back-ai-science-startups-cfdryrpvt) · TechCrunch · 0 upvotes · 0 comments --- Tags: [#startup](https://daily.dev/tags/startup), [#venture-capital](https://daily.dev/tags/venture-capital), [#defense-tech](https://daily.dev/tags/defense-tech), [#elevenlabs](https://daily.dev/tags/elevenlabs) [View this post on daily.dev](https://daily.dev/posts/dallas-firm-disruptive-closes-10bn-fund-to-back-ai-and-defence-startups-ncja1mzvp) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Dallas firm Disruptive closes $10bn fund to back AI and defence startups","url":"https://daily.dev/posts/dallas-firm-disruptive-closes-10bn-fund-to-back-ai-and-defence-startups-ncja1mzvp","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/dallas-firm-disruptive-closes-10bn-fund-to-back-ai-and-defence-startups-ncja1mzvp"},"datePublished":"2026-10-27T14:09:11.942Z","dateModified":"2026-10-27T14:21:34.364Z","description":"Dallas venture firm Disruptive has closed a $10bn fund to back AI, defence and software startups, roughly doubling its assets under management. 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The fund roughly doubles the assets the firm manages and will be used to back about 10 late-stage companies, with roughly $1bn going into each, mostly through new funding rounds rather than secondary share purchases. Track how mega-funds like this are reshaping access to late-stage AI and defence deals on daily.dev."}},{"@type":"Question","name":"What return did Disruptive get from its investment in Groq after the Nvidia deal?","acceptedAnswer":{"@type":"Answer","text":"Disruptive said it returned more than $6bn on about $1.9bn invested, according to a letter to its investors, with Groq as its best-known bet. Nvidia agreed a $20bn deal to license Groq's chip technology and hire much of its staff, giving Disruptive an early and outsized return on that investment. Investors weighing AI chipmaker bets can follow deals like Groq's Nvidia licensing deal on daily.dev."}},{"@type":"Question","name":"Why is Disruptive moving away from special purpose vehicles (SPVs) for its startup investments?","acceptedAnswer":{"@type":"Answer","text":"Founder Alex Davis said startup founders had grown frustrated with SPVs because they often do not reveal who is actually behind the money. Instead of raising cash deal by deal through SPVs, Disruptive will now run one large $10bn fund and choose its own investments, since top companies increasingly pick which investors they want on their cap table. Founders and investors navigating late-stage funding structures can follow this shift on daily.dev."}}]} ```