Kleiner Perkins raises $3.5 billion to invest in the AI boom
- 9 hours ago
- 1 min read
BLOOMBERG — Kleiner Perkins, the half-century-old venture capital institution, is raising $3.5 billion to make bets on artificial intelligence startups reshaping industries including software, health care, transportation and autonomy.
The firm — best known for its early industry-defining investments in companies like Google and Amazon.com Inc. — will dedicate $1 billion of the new cash to its 22nd early-stage fund, targeted at finding promising AI upstarts.
The other $2.5 billion will be focused on investing in growth-stage companies, larger startups that include increasingly cash-hungry artificial intelligence players.
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