Peter Thiel’s decade-old, hugely popular Founders Fund announced on Saturday, that it has closed a fresh investment worth $1.3 billion. This is the company’s sixth fund which brings its total capital worth to over $3 billion.

Founded in 2005 by Peter Thiel, Luke Nosek, Ken Howery and Sean Parker, the firm aims to aid entrepreneurs pursuing major scientific and technological breakthroughs in rather unconventional domains.

The firm has, until now, invested in major and minor companies in the sectors of aerospace, artificial intelligence, advanced computing, energy, healthcare, materials science, robotics, therapeutics, consumer Internet and more. It’s biggest investments until now include Airbnb, Oscar, Palantir Technologies, SpaceX, Stemcentrx and Stripe.

Apparently, the firm will use this fresh capital to invest in all sectors, including areas they haven’t previously worked with. This is because the new team consists of generalists who will work at every stage.

The company is led by Peter Thiel, a billionaire investor in Facebook and SpaceX and co-founder of PayPal, along with partners Lauren Gross, Ken Howery, Geoff Lewis, Scott Nolan, Luke Nosek and Brian Singerman, all of whom have been founders and early employees of prominent technology companies including PayPal, Google, Palantir Technologies and Space Exploration Technologies (SpaceX).

We look to make a material impact with each investment, and that requires investing with conviction.

said Founders Fund partner Singerman in a company statement.

We’re not afraid to go all in when we truly believe in a company. A fund of this size will allow us to put more capital behind our strongest entrepreneurs.

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