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Section 32 closes on $525M fund, says there is ‘a zone of commoditization that you have to avoid while investing in AI’

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Section 32, a venture firm founded by ex-Google Ventures CEO Bill Maris, has closed on $525 million in capital commitments across its fifth fund, TechCrunch is first to report. 

A portion of the capital will go toward early-stage investments, while the remaining will be reserved for follow-on opportunities.

The San Diego, California, firm, which now has $2.3 billion in assets under management, has seen a number of notable exits over its six-year history. It invested in a number of startups that eventually went on to become publicly-traded companies, including Crowdstrike, which went public in 2019; Coinbase, which made its public debut in 2021 and Relay Therapeutics, which took to the public markets in 2020.

Section 32 has now backed about 100 startups across a variety of software-driven industries, including infrastructure, cybersecurity, gaming and brand experiences, enterprise, quantum and precision medicine, and computational biology. It’s even invested in EV boat startup, Arc. Most of its portfolio are U.S.-based companies, although it has made some non-U.S. investments.

Some of the firm’s most highly valued portfolio companies currently include Cohere, which is developing an AI model ecosystem for the enterprise and raised $270 million at a $2.1 billion valuation in June;  Scale AI, which was valued at $3.5 billion in late 2020 but had to cut 20% of its staff earlier this year, and HR tech company Gusto, which recently reported that it generated revenue of more than $500 million in its most recent fiscal year after being valued at nearly $10 billion in 2022.

Maris founded Section 32 in 2017 after heading up Alphabet’s venture arm, Google Ventures (GV). The focus of the firm, says CEO and Managing Partner Andy Harrison, is to “invest in software-driven businesses in tech and healthcare that improve the human condition.”

Section 32 raised its fourth fund in 2021. Its target then and now, according to Harrison, was to raise $400 million to $500 million. It raised additional capital, a total of $740 million, in 2021 “given that market environment,” Harrison told TechCrunch.

“This time, we reduced the fund size, given the current market environment, and held the line closer to our upper bound,” he said. It has fully allocated all the funds out of its fourth fund, although all that capital has not yet been deployed.

“Like Google Ventures, we’re broad in terms of stage and tech area,” Harrison told TechCrunch. “We do most of our work around Series A and B and some later-stage investing as well.”

Image Credits: Section 32 CEO and Managing Partner Andy Harrison / Section 32

Section 32 typically makes 20-25 investments per fund, investing $5 million to $10 million in the first round, and then allocating “substantial reserves” against that position.

“As you can imagine, there is pretty significant Google-related deal flow given our history and relationships,” said Harrision, who spent over four years at Google, first as head of business & corporate development there and as a co-founder of Verily Ventures,  or Google Life Sciences. Prior to leaving in 2021, he worked on the executive leadership team at Google X.

There also many investments that were sourced from, or can be traced back to, Alphabet, including Cohere and Inceptive, which were co-founded by architects behind the 2017 Transformer paper; Exai Bio and BigHat Biosciences, co-founded by former leaders of Google Genomics and

“Many people we worked with at Google were working on ML projects at that time,” Harrison said. “Many of those folks have moved on to ML to AI to generative AI….We’re software investors but it turns out that many of the newest developments in software involve the application of AI and the software stack so we have a big focus in that area. And obviously, that’s been a tailwind for the firm and our portfolio.”

Still, he cautions that Section 32 is “very, very careful” about how it invests in the aggressively-hyped AI sector.

“We’re sort of simplistic and disciplined about it. We believe that there’s a zone of commoditization that you have to avoid while investing in AI – the big companies like Google and Microsoft are going to give these capabilities away to consumers.” Harrison said. “So I think that the market in general is going to get access to these tools, either free or through subscriptions to software that they already have.”

As such, Section 32 is “really focused” on the application side of AI, where it could do work in areas like, like cybersecurity the enterprise, computational biology “and other areas that we know the cloud players are not going to focus on, or they’re not going to build for specific verticals.”

So far, Section 32 has made five to six new investments out of its new fund.

In conjunction with the new fund announcement, the firm also shared that it has promoted Wesley Tillu from senior principal to partner. Tillu  joined Section 32 in 2021 from In-Q-Tel, the venture capital arm of the CIA and U.S. intelligence community.

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NASA video shows spacecraft’s wild ride around ocean world

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NASA’s Europa Clipper spacecraft is in for a wild ride.

The launch of this mission to explore the ocean world Europa — a Jupiter moon that harbors an ocean perhaps twice the volume of all Earth’s seas — was interrupted by the imposing Hurricane Milton, but its 1.8-billion-mile journey is imminent. The craft will make nearly 50 close flybys of Europa’s cracked, icy shell, using a number of high-resolution cameras, a ground-penetrating radar, and even a device that will literally sample particles of Europa that have been ejected into space by tiny meteorites.

The mission will gather copious amounts of information, enough to discern whether or not Europa harbors conditions that could host life beneath its ice shell.

“It’s perhaps one of the best places beyond Earth to look for life in our solar system,” Cynthia Phillips, a NASA planetary geologist and project staff scientist for the space agency’s Europa Clipper mission, told Mashable.

The repeated reconnaissance will require the craft to make perfectly timed loops around Jupiter as it intersects Europa’s orbit, which NASA shows in the animation below.

Here’s what you’re watching (a short ad plays first):

– Center orange dot: Jupiter

Mashable Light Speed

– Blue dot: Europa

– Gray, red, and yellow dots: Respectively Jupiter’s other three large moons — Io, Ganymede, and Callisto

– Magenta: That’s Europa Clipper “lopping in and out,” NASA explained.

There’s also a timestamp on the top right showing the mission’s planned flight between April and July 2032.

"The relative intensity of Jupiter's radiation bands is illustrated in this diagram," NASA explains, with darker reds depicting more radiation. Both Europa and Europa Clipper's orbits are depicted in the graphic.

“The relative intensity of Jupiter’s radiation bands is illustrated in this diagram,” NASA explains, with darker reds depicting more radiation. Both Europa and Europa Clipper’s orbits are depicted in the graphic.
Credit: NASA

This looping trajectory is also designed to limit the spacecraft’s exposure to extreme radiation. “The charged particle environment at Europa’s location is immense,” Phillips said.

That’s because Jupiter, a gas giant planet 317 times more massive than Earth, generates a massive magnetic field shooting out between 600,000 to 2 million miles (1 to 3 million kilometers) toward the sun. It’s created by the planet’s liquid metal core, which spins and creates electrical currents (moving electric charges make magnetic fields). Crucially, this magnetic field grabs and then accelerates particles from the relentless solar wind — a stream of rapidly traveling charged particles emitted by the sun — which creates potent radiation belts around Jupiter, as depicted above.


“You get out of there.”

(Decades ago, during the Voyager mission, NASA’s engineers were worried about the craft passing by Jupiter. A person hypothetically riding aboard Voyager as it passed Jupiter would have gotten hit with a radiation dose 1,000 times the lethal level.)

Not all of Europa Clipper’s electronics and software can be housed in a metal vault, so looping by the moon for relatively brief periods will limit impacts from charged particles, which can damage computer chips and electronics. During each orbit around Jupiter, the craft will spend under a day in an irradiated zone before swooping out. It won’t return for between two to three weeks.

“You get out of there,” Phillips said.

After journeying through the solar system, the craft is expected to reach Jupiter in 2030, and soon after begin its orbital dance through the Jovian system. If it appears habitable, NASA plans to return to Europa and land a robot on the icy crust. Such an endeavor would drill into the ice, looking to see if the moon is inhabited.





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NASA thinks it found a moon light-years away spewing gas

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Scientists have never actually seen a moon orbiting a planet other than the ones in this solar system. An exomoon, a companion to an exoplanet, likely would be too tiny and far away for telescopes to resolve. 

But a new NASA study may have found a clue that one is orbiting a planet some 635 light-years from Earth. The inference comes from a vast sodium cloud spotted in space. Whatever is causing it produces about 220,000 pounds of sodium per second. 

The research suggests a rocky moon circling exoplanet WASP-49 b, a Saturn-sized gas giant discovered in 2017, is the source. That could mean the distant world is accompanied by a moon like Jupiter’s Io — a highly volcanic place, blasting out its own massive cloud of gasses 1,000 times wider than Jupiter.

“The evidence is very compelling that something other than the planet and star are producing this cloud,” said Rosaly Lopes, a planetary geologist who co-authored the study, in a statement. “Detecting an exomoon would be quite extraordinary, and because of Io, we know that a volcanic exomoon is possible.”

Exomoon creating a sodium cloud

An exomoon could be the source of a bewildering sodium cloud found around an exoplanet.
Credit: NASA / JPL-Caltech illustration

This is not the first time astronomers have suspected an exomoon was lurking in their data. There have been exomoon candidates discovered in the past, though confirming their existence is much more difficult. Scientists such as Apurva Oza, once a postdoctoral researcher at NASA’s Jet Propulsion Laboratory, are interested in finding unconventional ways to detect them for what they could represent: Moons throughout the galaxy could also potentially offer habitable conditions for life, even if their host planets don’t. 

That’s why Oza wanted to return to studying WASP-49 b to further investigate the source of its bewildering cloud. Researchers used a ground-based telescope to observe the silhouettes of the cloud and the exoplanet as they passed in front of the host star. 

Mashable Light Speed

At one point, they noticed that the cloud was moving faster than WASP-49 b and away from Earth. If the cloud were coming from the exoplanet, they figured they would have seen it moving toward Earth. The observation led them to conclude that the cloud was coming from a separate source, according to the paper recently published in Astrophysical Journal Letters.

Moon orbiting an exoplanet

Exoplanet WASP-49 b could have an exomoon similar to Jupiter’s Io, a highly volcanic world pumping gasses into space.
Credit: NASA / JPL-Caltech illustration

“We think this is a really critical piece of evidence,” said Oza, a staff scientist at Caltech and the lead author, in a statement. “The cloud is moving in the opposite direction that physics tells us it should be going if it were part of the planet’s atmosphere.”

The team’s research provided other clues that an exomoon was making the cloud. Both the planet and the star are mostly made of the lightest elements, hydrogen and helium, with hardly any sodium. Seemingly neither has enough to be responsible for the cloud. Scientists also used the European Southern Observatory’s Very Large Telescope in Chile to see that the cloud hovers high above the exoplanet’s atmosphere — just like the cloud Io envelops around Jupiter. 

Next the team developed computer models to see if an exomoon could be the cloud’s catalyst. Their simulations found that a moon with a snug eight-hour orbit around the planet could explain the cloud’s motion — the way it seemed to sometimes drift in front of the planet and how it didn’t appear to be tied to any particular region of the alien world. 

Jupiter's moon Io

Jupiter’s moon Io, seen in multiple views above, is the most volcanically active world in our solar system.
Credit: NASA / JPL-Caltech / SwRI / MSSS

Scientists can’t say anything definitive about the exomoon because it’s just a candidate. But here’s what astronomers know about Io, the third-largest Jovian moon out of 95. Io is the most volcanic world in the solar system. Astronomers believe hundreds of volcanoes spew fountains that reach dozens of miles high.

Jupiter’s gravity squeezes Io‘s core as the moon moves closer, then slackens as it moves farther away. This swelling and contracting causes Io’s interior to heat up, triggering tidal volcanism

Scientists will need to continue observing this cloud to confirm its behavior, so the team is likely a long way from knowing with certainty if they have proof of an exomoon. Still, the results are thrilling for Oza, who believes looking for gas clouds — perhaps an order of magnitude larger than their source — could be an indirect method of finding habitable moons in other star systems.





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World’s First Private Space Station Is Like A Luxurious Hotel With Earth Views; Watch

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California-based aerospace company Vast has revealed the remarkable interior design of Haven-1, which is set to become the world’s first commercial space station. In a newly released video, the company showcased a habitat that looks more like a luxury hotel than a typical orbital laboratory. The design, both sleek and inviting, promises a new level of comfort for future space travelers.

Haven-1 features modern wood veneer accents, padded white walls, and amenities similar to those found in top-tier hotels. The station also offers visitors a fully equipped gym to help them stay active, even in zero gravity. Additionally, private rooms are outfitted with the latest entertainment and communication technologies, ensuring that astronauts can easily stay in touch with family and friends on Earth.

“Set to launch on SpaceX’s Falcon rocket in 2025, Haven-1’s first paying customers will board in 2026,” Vast said in a press release.

ALSO SEE: What Will Earth Look Like From Private Space Station? Axiom Space’s Astronaut Reveals

Accommodating up to four astronauts, Haven-1 provides a level of comfort far surpassing that of the International Space Station (ISS). Each astronaut will have a cosy private room, complete with storage, a vanity, and a specially engineered queen-sized bed to enhance sleep quality in space.

Veteran NASA astronaut Andrew Feustel, who has accumulated over 225 days in space, played a key advisory role in shaping the design and layout of Haven-1. His extensive experience contributed to ensuring that the space station would not only be functional but also comfortable for its inhabitants.

“From communication and connectivity, to private space and interacting with others aboard, to advancing human progress on Earth and beyond, every detail has been designed with the astronaut experience at the core of our work,” he said.

ALSO SEE: Astronaut Floats In Space As Tiangong Space Station Cruises Above Blue Earth; Watch

(Image: Vast)





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