Eclipse
About Eclipse
Eclipse provides founders with the full-stack expertise and operational discipline necessary to successfully build industry-redefining companies.
Eclipse was founded in 2015 by Lior Susan, who is Founder and Managing Partner. The firm is based in Palo Alto. Crunchbase lists Greg Reichow, formerly Vice President of Production at Tesla, as a partner. A third-party fund directory (VC Sheet) also lists Aidan Madigan-Curtis as a general partner. LinkedIn shows 11 to 50 employees. In April 2026 Eclipse announced $1.3B across two funds: Eclipse Fund VI at $720M for early-stage investments and Early Growth Fund III at $591M for companies nearing commercial scale. The firm says this brings assets under management to about $10B. It raised about $1.23B across two vehicles in 2023. Eclipse has not published which partners lead AI specifically.
Eclipse describes its focus as the physical economy: industries such as manufacturing, energy, transportation, infrastructure, compute and defense. Its AI investments sit mostly inside that scope, including AI for autonomous vehicles, AI inference and compute infrastructure, and robotics. The Fund VI announcement says the firm plans to incubate some companies directly. It also plans to build an ecosystem of startups in overlapping sectors that can work with each other. On the Lounge deals desk, Eclipse led Wayve's Series D ($1.26B, February 2026), Noetive's Seed ($41M, September 2026), Uptool's Seed ($6M, February 2026) and Oxide Computer Company's Series D ($445M, October 2026). It also appears in Vinci's Series B ($250M, October 2026).
Eclipse runs one fund for early-stage companies and a separate Early Growth fund, and its recent AI rounds range from a $6M Seed to a $1.26B Series D. The firm does not publish a check size. Third-party directories give conflicting ranges, so founders should treat any figure as unconfirmed and ask the firm directly.
- Wayve: developer of embodied AI software for autonomous driving. Eclipse led its Series A in 2019 (per Kando) and led the $1.26B Series D in February 2026.
- Oxide Computer Company: cloud infrastructure hardware and software. Eclipse led its $445M Series D in October 2026.
- Vinci: AI company. Eclipse took part in the $250M Series B in October 2026.
- Noetive: AI company. Eclipse led the $41M Seed in September 2026.
- Uptool: Eclipse led the $6M Seed in February 2026.
- eclipse.capital/blog/announcing-eclipse-fund-vi-and-early-growth-iii
- dealroom.co/news/127265-eclipse-raises-1-3b-across-two-funds-to-double
- crunchbase.com/organization/eclipse-ventures
- linkedin.com/company/eclipse-vc
- vcsheet.com/fund/eclipse-ventures
- kando.tech/company/eclipse-ventures?order=field_date&sort=desc
- tracxn.com/d/venture-capital/eclipse/__vCE5hl2Dy8MkNrjwVuOMk2Hk_NaoMlr
- seedtable.com/investors/eclipse-ventures/portfolio
Investing activity
Eclipse appears in 5 AI deals tracked by the AI Lounge deals desk, rounds totalling $2B, and led 4 of them. The rounds are mostly Series D, Seed and Series B, with a median round size of $250M and the largest at $1.26B. The most recent are Oxide Computer Company (Series D, $445M, Oct 2026), Vinci (Series B, $250M, Oct 2026) and Noetive (Seed, $41M, Sep 2026).
Eclipse most often invests alongside Khosla Ventures, AMD, Counterpart and Jane Street, and the companies it backs on AI Lounge are mostly in AI, AI compute infrastructure and AI for hardware engineering / EDA.
Deals
Frequently asked questions about Eclipse
Who founded Eclipse and when?
Lior Susan founded Eclipse in 2015. He is Founder and Managing Partner of the Palo Alto firm.
How big are Eclipse's funds?
In April 2026 Eclipse announced Fund VI at $720M and Early Growth Fund III at $591M, a total of $1.3B. The firm says it has about $10B in assets under management.
What stages does Eclipse invest in for AI?
Eclipse invests from early stage to growth. Its recent AI rounds on Lounge range from a $6M Seed to a $1.26B Series D. It has not published a check size.
Does Eclipse lead AI rounds?
Yes. Lounge records Eclipse as lead on Wayve's Series D, Noetive's Seed, Uptool's Seed and Oxide's Series D.
What kind of AI startups fit Eclipse?
Eclipse focuses on the physical economy, including autonomy, compute, robotics, energy, manufacturing and defense. Founders applying AI to those industries are the closest fit.
What AI companies has Eclipse invested in?
Eclipse's AI investments include Oxide Computer Company, Vinci, Noetive, Wayve and Uptool. The 5 rounds on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is Eclipse based?
Eclipse is based in Palo Alto, California, United States.
What stage does Eclipse invest at?
In the rounds tracked on AI Lounge, Eclipse has invested at Series D, Seed and Series B, with a median round of $250M. Eclipse led 4 of those rounds.
Who does Eclipse co-invest with?
Eclipse's most frequent co-investors on AI Lounge are Khosla Ventures (2 deals), AMD (1 deal), Counterpart (1 deal), Jane Street (1 deal) and USIT (1 deal).
How can founders reach Eclipse?
Founders on AI Lounge can see Eclipse's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Eclipse to their Investor Pipeline to track the conversation.