India, Nov. 9 -- Ondine Capital announced the successful first close of its third USD-denominated VC fund.

Ondine Capital Fund III has secured commitments from top-tier institutional and strategic limited partners, including several leading semiconductor enterprises in Taiwan.

Building on the firm's deep-rooted expertise in semiconductors and deep technology, Ondine Capital Fund III will invest across the full AI value chain-spanning AI foundation models, next-generation semiconductors, AI infrastructure, AI-native software, and physical AI applications.

Ondine Capital Fund III's early portfolio highlights include:

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