DIG Ventures Raises $120 Million for Third Fund Focused on AI Infrastructure

Venture capital firm DIG Ventures has closed its third fund at $120 million, with backing from Horsley Bridge, Sofina, Granite, and a top U.S. university endowment. The fund will target pre-seed and seed-stage startups in AI-native enterprise software and cloud infrastructure, specifically focusing on data, identity, compliance, and orchestration. The firm plans to lead most investment rounds and has already begun deploying capital.