k
keynews.ai
keynews.ai
MoneyThe story, in brief

Thiel Capital’s Jack Selby nabs stakes in hot startups like Etched through Arizona connections

Thiel's Jack Selby is quietly building an AI chip portfolio. Copper Sky Capital just closed a $300M fund.

Reporting by TechCrunch Venture 1 min brief
Paper-cut illustration of amber paths carrying capital toward a small coral research venture between larger buildings.
Capital and the next generation of AI ventures.AI illustration by KeyNews
The KeyNews take

Why it matters

A prominent Thiel-connected VC is consolidating stakes in infrastructure-critical AI startups like Etched (custom silicon). This signals where top-tier capital sees the next defensible moat: not models, but hardware.

The key facts

9 to know

  1. Copper Sky Capital raising $300M second fund

  2. Jack Selby (Thiel Capital connection) leading investments

  3. Portfolio includes Etched AI (custom silicon/chip design)

  4. Arizona-based network advantage for hardware deals

  5. Regulatory filing confirms fund status

  6. Copper Sky Capital raising $300M Series II fund

  7. Fund is backing AI infrastructure startups including Etched

  8. Selby leveraging Arizona tech ecosystem connections

  9. Thiel Capital connection underscores AI chip thesis relevance to tier-1 VCs

Go to the source

TechCrunch Venturetechcrunch.com

Publisher excerpt: Selby's VC firm Copper Sky Capital is currently raising a $300 million second fund, according to a regulatory filing.
Read original report
Back to today's editionMore money news

The wider picture

View all
Paper-cut illustration of amber paths carrying capital toward a small coral research venture between larger buildings.
AI illustration by KeyNews
Money01

Ema raises $77M as AI starts eating into enterprise software and services

Enterprise agent adoption is moving past pilots into production deployments. A capital raise this size signals that agentic systems are becoming a category worth betting on — and that traditional enterprise software vendors face real displacement.

TechCrunch Startups
Paper-cut illustration of amber paths carrying capital toward a small coral research venture between larger buildings.
AI illustration by KeyNews
Money02

Jumbo-Sized Series A Rounds Are On The Rise

Large early-stage funding rounds are surging in 2026, signaling where venture capital is betting on AI infrastructure and autonomy. Practitioners budgeting for competitive positioning and market consolidation need to track which categories are attracting megadeals.

Crunchbase News
Paper-cut illustration of amber paths carrying capital toward a small coral research venture between larger buildings.
AI illustration by KeyNews
Money03

Nvidia-backed Nscale buried ByteDance deal in push to $35bn IPO

A major AI infrastructure company is burying its largest revenue relationship ahead of a public market debut, revealing how U.S.-China tensions are forcing restructuring of the AI compute supply chain and how IPO narratives now actively obscure geopolitical exposure.

Financial Times Technology