137 Ventures has raised more than $700 million across two new funds, pushing its assets under management above $15 billion. The San Francisco-based firm said it is doubling down on AI agents, robotics and advanced industry, while also highlighting a SpaceX stake worth more than $10 billion. The update adds strategic detail to the firm’s latest fundraising by showing where it plans to deploy capital and underscoring the scale of its private-market exposure.