State Investment Council pumps $97.5M into two ‘frontier-tech’ funds

30 Mar 2023


The State Investment Council is pumping another $97.5 million into two venture funds that will invest in “transformative,” next-generation technology from New Mexico’s national labs and research universities.

The two funds, Playground Global and Lux Capital Management, are focused on accelerating the development of “frontier technology” that can propel industries into the future with cutting-edge innovation in things like advanced computing, artificial intelligence and robotics.

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