Wu said that Theory Venture, a venture capital firm focused on early-stage investments in data, artificial intelligence, and Web3, announced that after launching its first $238 million fund in April 2023, its second fund has completed $450 million in fundraising. The new fund will further expand support for innovators. The new fund will focus on three areas: data analytics, artificial intelligence as a new platform, and decentralized infrastructure as a database, and has already led a $16.5 million Series A funding round for the enterprise-level blockchain data platform Allium.