Dimension raises $500 million for second VC fund

• Moreover, this may be an AI application that isn't faced with a scaling ceiling.
• "There is still a scarcity of data on the life sciences side, which means there are large defensible moats and not yet seen any signals of diminishing returns," says Dimension co-founder Zavain Dar.

Zoom in: Dimension invests across company stage, including million-dollar checks for new startups and up to $40 million checks for growth equity or public company deals.

• It began fundraising in August with a $400 million target, and closed on its $500 million hard cap in October. All limited partners from Dimension's first fund returned.