VCs Bet GPUs Can Trade Like Oil
Thrive and General Catalyst are in talks to back Ornn, a GPU compute marketplace, near $1 billion, but no compute futures are approved yet.
Read the storyGeneral Catalyst
Company — General Catalyst is an investment firm backing technology companies from company formation through growth. Its AI activity spans software, infrastructure and applied AI businesses, alongside sector-focused work in healthcare and other industries.
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At a glance
General Catalyst is an investment firm backing technology companies from company formation through growth. Its AI activity spans software, infrastructure and applied AI businesses, alongside sector-focused work in healthcare and other industries.
- Type
- Investment firm
- Activities
- Company creation; venture; growth investing
- Metrics
- Fund commitments are not operating revenue
- Reference
- General Catalyst ↗
Sources checked . Selected company background and milestones.
Company milestones
Revenue, funding, product launches and major company events, newest first. Expand earlier milestones for more history.
Finances Otter.ai with $320M
The Customer Value Fund provides growth financing for Otter’s enterprise expansion and go-to-market strategy. This is portfolio financing, not revenue or a new General Catalyst fund close.
Source: Otter.ai ↗Announces approximately $8B in new capital
The total comprises $4.5 billion for core venture funds, $1.5 billion for Creation and $2 billion in separately managed accounts.
Source: General Catalyst ↗Formalizes a broader company-building strategy
The Fund XII announcement describes Creation investing alongside venture and growth funds, with dedicated capital for starting and building companies.
Source: General Catalyst ↗Combines with Venture Highway in India
General Catalyst and Venture Highway join forces, expanding the firm’s presence and company-building activity in India.
Source: General Catalyst ↗Raises $4.6B for Fund XI
The fund family allocates $800 million to Creation, $1.1 billion to Ignition and $2.7 billion to Endurance. These are investment commitments, not sales.
Source: General Catalyst ↗
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Otter.ai Raises $320 Million Without Selling Shares
Otter.ai took $320 million from a General Catalyst fund paid out of revenue, not equity, while its latest published revenue figure is a year old.
