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Accel plans to back 20-25 companies from this fund, with each getting a hefty average investment of about $200 million.
They're not shy about early bets either—like Mind Robotics's huge $500 million Series A round.
With hits like Anthropic and Cursor already in their portfolio, Accel's clearly aiming for the front lines of AI innovation, especially where software meets hardware in fields like robotics and defense tech.