Lux Capital Raises $1.5 billion for Fund Focused on New Science, Defense

Venture firm Lux Capital raised $1.5 billion for its ninth fund — the largest in its more than 20-year history — with plans to back more companies that focus on fields like breakthrough science and national security.

The oversubscribed fund comes at a time of increased collaboration between Silicon Valley and Washington on areas including artificial intelligence, quantum computing and nuclear energy, deemed essential to the national interest.