Disruptive raises $10 billion fund, backing at least 10 AI and defense firms

Dallas-based investor Disruptive has launched a $10 billion fund, planning to invest in at least 10 late-stage companies with individual checks up to $1 billion. The fund targets capital-intensive sectors such as AI and defense, marking one of the largest fundraising rounds this year and the biggest venture capital fund in Texas history. Disruptive previously invested in Palantir, Airbnb, Spotify, as well as chip startup Groq and AI voice generation company ElevenLabs.