FILE PHOTO: A Google logo is seen at a company research facility in Mountain View, California, U.S., May 13, 2025. REUTERS/Carlos Barria/File Photo
WASHINGTON: A venture capital fund with links to Alphabet Inc’s famed moonshot factory, X, has raised hundreds of millions to invest in the companies that spin off from the lab, according to a source.
Series X Capital, which is run by YouTube alum and former Facebook chief financial officer Gideon Yu, now expects to exceed its initial target of US$500mil later this year.
