Breakout Ventures has closed a $114 million Fund III aimed at early‑stage startups that apply artificial intelligence to scientific fields such as biology and chemistry. The firm, which spun out of a Thiel Foundation grant program, has already written checks to three companies and plans to invest in at least 20 companies, with check sizes ranging from $500,000 to $5 million. Limited partners include The Kraft Group, Pinegrove Venture Partners and S‑Cubed Capital. Managing Director Lindy Fishburne emphasized the firm’s focus on founders who can unlock complex scientific problems with AI. Read more →