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Fidelity Management & Research Company

Activity from announced rounds

Activity in this selectionUnited States · Oct 9, 2026 · Jan 1, 2026

Fidelity Management & Research Company is an investment adviser within Fidelity Investments, managing portfolios for investment funds and other clients, including exposure to private companies.

Fidelity’s research-led technology investing examines both public and private businesses. Its AI framework covers the computing components and infrastructure needed to run models as well as companies applying the technology, connecting private-company analysis with the wider listed market.

FMR manages capital through investment products and client mandates. A financing attributed to the manager can therefore involve fund-managed capital, rather than a standalone accelerator or a standard programme with a fixed investment offer for founders.

Sources
Rounds participated in
18
Confirmed lead rounds
1
13 roles undisclosed
New companies
15
First participation on record · 3 follow-on
Funding in participating rounds
$28.9B
17 disclosed · full round size, not this investor’s share

By stage

Series C+10
Undisclosed4
Series B3
Growth1

By primary sector

AI4
Biotech4
Hardware3
Mobility3
Climate tech1
3 more
Developer tools1
Logistics1
Space tech1

By country

United States18

Rounds

18 in this selection
Waymo

Waymo develops autonomous driving technology and operates a fully driverless ride-hailing service.

$5BTerm loan
Participant
SiMa.ai

SiMa.ai builds a full-stack physical AI platform that combines purpose-built silicon and software to help developers deploy machine learning on real-world devices.

$150MSeries C
Lead
Crusoe

AI infrastructure combining GPU cloud services, managed AI tools, large-scale data centers and modular AI factories for model developers and enterprises.

$3.9BSeries F (initial close; anticipated total)
Participant
Lyte

Lyte develops perception systems for robots and autonomous machines used in inspection, logistics and manufacturing.

$165MSeries C
Participant
Xsight Labs

Fabless semiconductor company building connectivity chips for hyperscale, edge, and AI data centers

>$300MGrowth
Role not disclosed
City Therapeutics

City Therapeutics develops RNA-interference therapeutics and an engineering platform across disease areas.

$99.5MSeries B
Role not disclosed
Astranis

Builds and operates small GEO satellites for commercial and government communications

$450MSeries E
Role not disclosed
Frore Systems

Develops advanced thermal cooling technologies for AI data centers and edge devices

$143MSeries D
Role not disclosed
SHINE Technologies

Develops commercial fusion technology for neutron testing radioisotope production and fusion energy

$240MSeries E
Role not disclosed
Cerebras Systems

Cerebras Systems develops computing infrastructure for AI.

$1BSeries H
Role not disclosed
Skyryse

Develops automated flight control systems for aircraft

$300MSeries C
Role not disclosed
Waymo

Waymo develops autonomous driving technology and operates a fully driverless ride-hailing service.

$16BInvestment round
Participant
Zipline

Provides autonomous drone delivery and logistics services

$600MSeries B
Role not disclosed
Mirador Therapeutics

Develops next-generation therapies for immune-mediated inflammatory and fibrotic diseases

$250MSeries B
Role not disclosed
Parabilis Medicines

Develops medicines targeting historically undruggable protein targets in cancer

$305MSeries F
Role not disclosed
Lyte

Lyte develops perception systems for robots and autonomous machines used in inspection, logistics and manufacturing.

$107MUndisclosed
Role not disclosed