Parsers VC

“Investors now target control: scarce physical capacity, regulated workflows, and hard-to-replicate networks. Billions flow into companies mastering these bottlenecks.”

“The strongest trend is a barbell market: numerous early-stage AI software bets coexist with a limited number of outsized rounds for compute, infrastructure, and physical AI.”

“The increase was driven less by a broad improvement across all company types than by several exceptionally large transactions, particularly in AI infrastructure, cloud computing, software, and advanced hardware.”