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Felicis Fund X SaaS AI
it's backing $100B+ companies early.
Welcome to SaaS Wire — your backstage pass to the hottest in software and services!
What we’ll cover today:
💸 Felicis raises its largest fund ever to go all-in on AI-native SaaS bets
🧠 Meta swipes Scale AI’s CEO after investing $14.3B
📅 Here’s what to watch at upcoming SaaS events
Source : Pitchbook
Felicis, a VC firm that backed Shopify and Twitch, just raised $900M to bet big on AI-native startups.
🚨 Breaking News
Felicis has launched Fund X with $900M, saying AI is so hot right now, it's backing $100B+ companies early.
⚡ Wire Simplified:
Felicis is a 19-year-old VC firm known for early bets on giants like Adyen and Shopify.
Their new Fund X is the biggest yet at $900M—bigger than their last two funds combined.
70% of their current portfolio is AI-focused (yes, the bots are taking over).
They’ve already backed AI darlings like Poolside, Runway, and Supabase.
They believe not just unicorns—but centicorns ($100B+)—are the future of AI.
✔️ Straight to the Point
Felicis just raised big money to chase even bigger AI dreams. Looks like unicorns are out, centicorns are in.
🎤 Do you think we'll actually see $100B AI startups in this decade? |
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Source : ByteNews
Meta is investing $14.3B in Scale AI—and hired its founder Alexandr Wang to lead its new AI dream team.
🚨 Breaking News
Scale AI's CEO Alexandr Wang steps down to join Meta, as part of a giant $14.3B investment in Scale.
⚡ Wire Simplified:
Meta now owns 49% of Scale AI but has zero voting rights (yep, weird flex).
Alexandr Wang leaves Scale to join Meta’s “superintelligence” efforts—Zuck is clearly not playing around.
Scale’s new CEO is Jason Droege, ex-Uber and Benchmark exec.
A few Scale employees will also move to Meta with Wang.
Meta says they won’t peek at Scale’s client data—even though Scale works with Meta’s rivals like Google and OpenAI.
✔️ Straight to the Point
Zuckerberg traded $14.3B and CEO talent for a stronger AI play. Meta’s Llama might finally learn to roar.
Today is my first day at Google Cloud.
I'm using GPT-4o for coding. It's super powerful.
It helped me find and delete some code that wasn't doing anything!
— Josh (@josh_bickett)
7:30 PM • Jun 12, 2025
Jung said: “The psychological rule says that when an inner situation is not made conscious, it happens outside, as fate.”
Founders on their journey must overcome their inner situation and integrate their shadow.
Only then will they have a chance at altering fate itself.
— Garry Tan (@garrytan)
5:30 AM • Jun 13, 2025
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