Startups AI
Kleiner Perkins Raises $3.5B and Goes All In on AI
Kleiner Perkins closed a $3.5 billion fund with artificial intelligence as its central investment thesis across early and growth stages. The fund is one of the largest in KP's history.
The firm, which backed Google, Amazon, and Netscape in earlier technology cycles, is concentrating capital on AI infrastructure, applications, and vertical-specific AI companies. The fund size reflects the scale of capital VCs believe is required to compete in the current AI investment cycle.
Sources
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