Alphabet's X Lab Restructures Moonshot Projects
Alphabet's X, a research lab known for experimental "moonshot" projects, is changing how it brings technologies to market by spinning them out as independent companies.
According to X chief Astro Teller, this shift is supported by a new venture fund, Series X Capital, which has raised over $500 million.
The fund is run by former YouTube executive and Facebook CFO Gideon Yu.
- Series X Capital is legally required to invest exclusively in X spinouts.
- Unlike Alphabet's existing investment arms — GV, CapitalG, and Gradient Ventures.
Author's summary: Alphabet's X Lab spins out projects as independent companies.