Gunderson Dettmer client Zetta Venture Partners, the first firm exclusively focused on AI, announced the closing of its third fund, with $180 million in capital commitments.

In the announcement of the transaction, Jocelyn Goldfein, a managing director at Zetta said, "So many people are feeling pessimistic about the future right now. Those concerns should motivate us to work harder to invent new solutions and build resilience into our systems, whether that's health care, disaster response, environmental protection or economic safety nets. These problems look like opportunities to great entrepreneurs, and we are grateful to have the chance to provide the earliest support to the founders who are rising to the challenge with innovative ideas."

The Gunderson Dettmer deal team included Christi Niehans Frentz, Andrew Fink, Christine Wang, Gabrielle Paradis and Andrew Thornborrow.