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Kia Kokalitcheva Apr 13, 2017
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Eniac Ventures raises $100 million to go beyond mobile

Eniac Ventures, an early-stage VC firm whose investments include Soundcloud and Hyperloop One, has raised $100 million for its fourth, and largest-ever, fund.

Beyond mobile: While the bi-coastal firm originally focused on investing in mobile apps, it's been shifting its attention to merging computer verticals like virtual and augmented reality, artificial intelligence, and robotics.

Fun fact: Eniac's four managing partners first met as engineering students at the University of Pennsylvania. As such, they named the firm after the ENIAC, one of the earliest automated computers, which was built at their alma mater.