# Ondine Capital announces first close of third fund for AI and semiconductors

_Published Saturday, November 7, 2026 at 6:18 PM EST · Capital · Latest · Tier 2 — Notable_

![Ondine Capital announces first close of third fund for AI and semiconductors — Primary](https://cdn.pulse2.com/cdn/2026/11/Ondine-Capital-Logo.jpg)

Ondine Capital announced the first close of its third U.S. dollar-denominated venture fund, securing commitments from institutional and strategic investors, including semiconductor companies in Taiwan. Fund III will invest in AI, semiconductors, computing infrastructure, enterprise software and intelligent systems operating in physical environments.

Its early portfolio includes Recursive Superintelligence, autonomous trucking developer Bot Auto and Salience Labs, which develops optical switching technology for AI data centers. Ondine also appointed Brian Yen as partner to support early-stage software and physical AI investments. The announcement marks a first close rather than the fund's final close.

## Sources

- [Pulse 2.0](https://pulse2.com/ondine-capital-announces-first-close-of-fund-iii-to-invest-in-ai-semiconductors-and-physical-ai-startups/)

---
Canonical: https://techandbusiness.org/newswire/fGzw4U9utGIfO7AZ93cR8Z
Published: 2026-11-07T23:18:24.209Z
Story chronology: 2026-11-07T22:08:52.000Z
Retrieved: 2026-11-08T05:15:40.930Z
Publisher: Tech & Business (techandbusiness.org)