PANews reported on March 5 that according to TechCrunch, Foundation Capital announced the launch of its 11th flagship fund with a scale of US$600 million, aiming to find the so-called "billion-dollar market" in the fields of artificial intelligence, financial technology and cryptocurrency. It is reported that Foundation Capital is an investor in AI chip company Cerebras and the first institutional investor in blockchain platform Solana. The latest fund is not expected to adopt a multi-stage, multi-regional, and multi-strategy approach, but will continue to look for investment opportunities in the early stages.