Early Cerebras investor Adit Singh joins Mayfield as infrastructure partner
Adit Singh was a partner at Foundation Capital when he helped source and co-lead the first funding round into then-obscure chip startup Cerebras.
By the time Cerebras held its blockbuster IPO in May, Foundation Capital held a roughly 7% stake, making it the third-largest shareholder in the company, which now trades at a valuation of nearly $50 billion.
Singh now has a new VC firm to call home: On Thursday, he said he’s now joined the 57-year-old Mayfield as an infrastructure partner.
At Mayfield, Singh will invest in hardware, infrastructure software, cybersecurity, and physical AI. He says it was the firm’s strength in semiconductors that drew him to the role.
“If you look at Mayfield’s semiconductor portfolio, it’s probably the best in the market right now,” Singh told TechCrunch, pointing to Mayfield’s investments in Upscale AI, which was recently valued at $2 billion, and Lumilens, which just raised $700...
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