Emergence Capital has successfully raised a $1 billion Fund VII, increasing its assets under management to $3.3 billion. The fund aims to support the next generation of B2B companies, focusing on innovative solutions that reshape the future of work. Emergence Capital has a strong track record, having returned $8 billion on less than $2 billion invested. In a related development, Google has unveiled a next-generation family of AI reasoning models, which are expected to enhance enterprise solutions. This announcement follows the emergence of a new AI startup, founded by former Google and Meta employees, which has secured $5 million in funding for its MetaModel 1, designed to create task-specific AI models for enterprises.