Kleiner Perkins raises $3.5bn for AI-focused funds

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Kleiner Perkins raises $3.5bn for AI-focused funds

privateequitywire

3 months ago

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Kleiner Perkins has raised $3.5bn in new capital to back artificial intelligence-driven companies, with $1bn allocated to its 22nd early-stage fund and $2.5bn earmarked for growth-stage investments, according to a report by Bloomberg.
The fundraising brings the venture capital firm’s total assets under management to just over $21bn, reinforcing its position as one of the largest players in the US venture market. The strategy reflects increasing investor focus on AI as a dominant theme across pri...

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