Eclipse Ventures has closed a $1.3 billion fund split between $720 million for early-stage deals and $591 million for later-stage investments, targeting companies at the intersection of AI and physical industries including robotics, transportation, energy, manufacturing, and defense. A notable feature of the vehicle is that Eclipse will use a portion of the capital to incubate and build startups directly rather than only writing checks. The raise exceeds Eclipse's previous $1.23 billion fund from 2023 and comes as physical AI investment accelerates. Bloomberg also covered the fund announcement.