Ondine Capital Announces First Close of Fund III to Drive AI and Semiconductor Innovation

What happened: Ondine Capital announced the first close of its third USD-denominated venture fund, Ondine Capital Fund III, backed by institutional and strategic limited partners including several leading Taiwanese semiconductor enterprises. Key numbers: Recursive Superintelligence raised $650 million at a $4 billion pre-money valuation. Why it matters: Fund III will invest across the full AI value chain, from foundation models and next-generation semiconductors to AI infrastructure and physical AI applications, extending the firm's semiconductor and deep tech focus. Market: +3.1% today ($487.23), +118.0% YTD, 0.3x vol — as of 15:03 UTC Verified: Q3_2026 (Nov 3) EPS $1.68 vs $1.68 est; next print ~Feb 2

Ondine Capital announced the first close of its third USD-denominated venture fund, Ondine Capital Fund III, backed by institutional and strategic limited partners including several leading Taiwanese semiconductor enterprises.

Fund III will invest across the full AI value chain, from foundation models and next-generation semiconductors to AI infrastructure and physical AI applications, extending the firm's semiconductor and deep tech focus. Market: +3.1% today ($487.23), +118.0% YTD, 0.3x vol — as of 15:03 UTC Verified: Q3_2026 (Nov 3) EPS $1.68 vs $1.68 est; next print ~Feb 2