The venture capital landscape on Tuesday, May 19, 2026, is defined by an aggressive transition from model experimentation to industrial-scale deployment. This shift, colloquially termed the “Agentic Infrastructure Super-Cycle,” follows a historic first quarter where global venture investment surged to $300 billion, representing nearly 70% of the total capital deployed in all of 2025. Today’s deal flow underscores a broader market thesis: the most significant value is no longer being captured by foundational models, but by the physical and institutional layers required to operationalize them. The Macro Environment: Capital Concentration and Physical Intelligence The current funding climate is characterized by...