SPC portfolio company Baseten raised a $1.5B Series F at a $13B valuation led by Altimeter, Conviction, and Spark Capital to power AI inference at scale.
SPC invested $5M in Longshot Space, which is building a ground-based kinetic launcher to propel payloads to hypersonic velocities, bringing total funding to $20M.
SPC portfolio company Orb entered a definitive agreement to be acquired by Adyen for $335M; Orb's usage-based billing infrastructure will unify billing and payments for Adyen's enterprise merchants.
South Park Commons Fund IV confirmed with LP commitments including $25M from OCERS (committed April 2026), continuing the firm's pre-seed and seed strategy with first checks of $1M–$10M.