Conductive Ventures announced it has raised a $100 million venture capital fund to invest in enterprise software and hardware companies. The fund is led by experienced venture capitalists Carey Lai and Paul Yeh. The fund has already invested in four startups: Ambiq Micro, CSC Generation, Desktop Metal, and Sprinklr. Lai and Yeh first met years ago through a common friend, Kevin Chou, who went on to become founder of Kabam and later KSV Esports. Lai went into venture capital at Institutional Venture Partners and Intel Capital, where he invested in enterprise software companies such as Box and Gigya. Yeh spent his early career working in product development and hardware at companies such as Ford, Tesla, Next Autoworks, and Fisker Automotive. Most recently, he was a partner at Kleiner Perkins Caufield & Byers. He has worked as a board director/observer with entrepreneurs at AEye, Ambiq Micro, Beyond Meat, Crossbar, Desktop Metal, DJI, Ionic Materials, LuxVue (acquired by Apple), mCube, Motiv, Relayr, and Solidia.