(edit) I am honestly surprised to see a VC invest into (what amounts to) a fundamental technology. Though, given the valuation bubble we are in, it makes sense. VCs now have a choice between continuing to speculate by funding upload widget startups ($2-3M a pop, two years of runway) and putting money into the core tech. Fingers crossed, this becomes a trend.
(edit) I am honestly surprised to see a VC invest into (what amounts to) a fundamental technology. Though, given the valuation bubble we are in, it makes sense. VCs now have a choice between continuing to speculate by funding upload widget startups ($2-3M a pop, two years of runway) and putting money into the core tech. Fingers crossed, this becomes a trend.