Fusion Fund backs early-stage technical founders building companies with defensible technical barriers in AI, advanced materials, and industry automation, with founder Lu Zhang bringing rare credibility as both a former deep-tech researcher and successful medical device entrepreneur. The fund specializes at the intersection of AI and highly regulated sectors like healthcare and industrial automation, maintaining a concentrated thesis on "deep tech + data moats" while growing from $15M to $500M in assets under management over a decade.
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