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Exclusive: Amplify Partners raises $125 million for second fund


Silicon Valley-based venture capital firm Amplify Partners has closed its second fund at its $125 million hard cap, Fortune has learned.

This is a big bump from the $50 million that Ampliy raised for its debut fund in 2013, but the investment strategy will remain the same: Seed and Series A investments in startups that focused on information security, distributed infrastructure and the “data revolution” (data infrastructure and applications of data in vertical software markets).

Amplify was formed in 2012 by Sunil Dhaliwal, a former partner with Battery Ventures, while fellow Battery veteran Mike Dauber joined last summer. The firm also features principal David Beyer, co-founder and former CEO of

Dhaliwal says that the fund size hike is to help Amplify have plenty of reserve capital for follow-on rounds, but initial check sizes aren’t expected to change. “Out view of the data economy has changed a bit since the first fund was raised,” Dhaliwal explains. “We’re now more bullish on the application of data, analytics and AI, whereas previously we had a heavier emphasis on data infrastructure.”

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