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VCs Win Gusher of New Mexico Oil Money
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Sep 27, 2026 A few weeks ago, Augustus Doricko, founder of the cloud-seeding startup Rainmaker, stood in a park on the outskirts of Albuquerque, N.M., flying a drone in the sky. Clad in a khaki field shirt, he looked at home in the desert heat: 97 degrees, not a rain cloud in sight. “The conditions here are great,” said Doricko, 26. “And the demand for water’s huge.” Doricko’s company, which is based in El Segundo, Calif., plans to start a trial program around the Rio Grande river in the coming months, dispatching its drones to induce precipitation with the help of a chemical, silver iodide. That trial is not the only connection Rainmaker has to New Mexico. The startup has received funding from several venture capital firms that have gotten money from New Mexico’s $75 billion sovereign wealth fund. The fund has funneled some $2 billion into VC firms in the last three years as the state’s oil and gas revenues have swelled. Read the full article How New Mexico’s Oil Windfall Became a $2 Billion VC Bet By Eli Rosenberg A message from Everpure The biggest AI bottleneck isn't your model. It's the data behind it. When systems are fragmented, AI falls short of its potential. Everpure unifies your data so you can see it, understand it, and control it from one place—putting clean, AI-ready data right at your fingertips. Get real results from your AI. Related articles Anthropic Seeks Palantir-Style Voting Control for Seven Co-Founders Ahead of IPO By Cory Weinberg, Valida Pau and Julia Hornstein Google Nears Release of Flagship Gemini 4 AI Model By Laura Bratton Introducing the AI Inflection Index: What 9,500 Articles Say About What’s Coming Next By Eric Bellomo Tesla’s Optimus Hits Snags in Hands, Suppliers as Scale-Up Begins By Qianer Liu and Grace Kay Follow us Sent to you@example.com | Manage your preferences or unsubscribe | Help The Information · 251 Rhode Island Street, Suite 107, San Francisco, CA 94103