Eclipse Ventures Raises a Third, $500 Million Fund

Palo Alto, California-based Eclipse Ventures, LLC announced Sunday that it had closed a $500 million fund, the venture firm’s third. Eclipse Fund III will focus on early-stage full-stack companies, the firm said. Eclipse invests primarily in seed and early stage startups in the fields of data, hardware, and software. Among its portfolio companies are Israeli predictive machinery maintenance company Augury, Inc. and industrial automation company Bright Machines, Inc.

Eclipse Ventures was founded in 2015 by Israeli entrepreneur Lior Susan. Before founding Eclipse, Susan led LabIX, a hardware venture capital arm of Nasdaq-listed electronics company Flextronics. He was part of the founding team of Elementum SCM, Inc., a supply chain management SaaS company which was spun out of Flextronics in 2012. Susan was also an early advisor to mobile traffic management company Intucell, Ltd, acquired by Cisco in 2013 for $475 million.