ChainCatcher news, according to Businesswire, the venture capital firm Theory Venture, which focuses on early software investments in the fields of data, artificial intelligence, and Web3, announced that after launching its first $238 million fund in April 2023, its second fund has completed fundraising of $450 million. 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. Since launching its first fund, Theory has led investments in companies such as Context.ai, Initia, Superlinked, and Tobiko Data, and has opened a new office in San Francisco.