Fund profile / United States

Eclipse Early Growth Fund III

Geography: United States
Stage: Growth
Fund size: $591M
Focus: AI/ML, Energy Tech, Manufacturing and Robotics & Automation
Signals: Published

N°01 / About

About Eclipse Early Growth Fund III

Eclipse Early Growth Fund III is a $591M growth-stage fund for companies approaching commercial scale in physical AI, manufacturing, supply chain, transportation, healthcare infrastructure, semiconductors, and energy. Part of $1.3B dual raise alongside Fund VI.

N°02 / Thesis

Investment Focus

Location / RegionUnited States

Funding StageGrowth

Industry Focus

AI/ML

Energy Tech

Manufacturing

Robotics & Automation

Investor Signals Profile

active

Sweet Spot

Hardware-first founder rebuilding physical industry at seed/Series A

deep tech / hardware

robotics & manufacturing

energy & infrastructure

physical AI systems

US tech sovereignty

industrial AI / operations

Bullish Signals

$1.3B raised across two fundsexternal

~$10B total AUM, Palo Altoexternal

Cerebras & Redwood Materials in portfolioexternal

Operators from Amazon, Apple, Samsaraexternal

Dual-fund: early + growth stage coveredexternal

GPs = former operators, not just investorswebsite

Thesis: critical infrastructure resilience & securitywebsite

Cerebras-OpenAI: 14× faster AI inference, new agentic paradigmlinkedin

AI frontier = physical infrastructure race, not just softwarelinkedin

Physical AI = biggest driver of US economic growthbloomberg

Lior advocating AI safety + US tech sovereignty balancebloomberg

Data center expansion critical for US geopolitical strengthbloomberg

Noetive $41M seed: industrial AI for manufacturing opseclipse_linkedin

Portfolio company Steuben Foods: 10–15% capacity boosteclipse_linkedin

Manufacturing AI solving legacy fragmented system paineclipse_linkedin

Contrarian Signals

Hardware capital intensity = high execution riskexternal

Niche focus — excludes most software foundersexternal

Long development timelines despite AI compressionexternal

Founder Do's

Build in physical industries (manufacturing, energy, robotics)

Show path to commercial scale

Leverage operator networks & shared infrastructure

Hardware-intensive? Highlight execution plan

Align with US industrial policy + AI infrastructure tailwinds

Solve fragmented legacy systems in critical industries

Founder Don'ts

Pure software plays — not a fit

No enterprise SaaS without physical layer

Avoid if pre-thesis on physical systems

28 signals on Eclipse Early Growth Fund III

15 bullish · 3 contrarian · 6 pitch do's · 3 don'ts · 1 GP profile, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size$591M

Saves0

Website

People

Key People

Lior Susan

Lior SusanFounder & CEO

N°04 / See also

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