Seligman Ventures doubles capital to $1 billion as AI boom revives hardware bets

Seligman Investments has doubled the deployable capital of its venture arm to $1 billion less than a year after launching it, betting that the physical bottlenecks of the artificial intelligence buildout will produce the next wave of large technology companies, its executives told Reuters.

Seligman Ventures, the private investment arm of the Silicon Valley-based technology investor, launched in February 2026 with $500 million and has since invested over $300 million across 14 investments in AI hardware, connectivity and cybersecurity.