With $3.5B in new capital, Kleiner Perkins is moving into AI

Kleiner Perkins, the famous US firm, announced on Tuesday that it raised $ 3.5 billion in a new fund of two funds. $2 billion less than two years ago.

The company, which was founded in 1972, says it has raised $1 billion in its 22nd fund, and $2.5 billion in another investment vehicle for late-stage growth businesses.

Taking such a large amount of money is not surprising. Over the past few years, Kleiner Perkins has secured early stage shares in several fast-growing AI startups, including Together AI, Harvey, and OpenEvidence. The company is also an investor in Anthropic and SpaceX, two companies expected to IPO this year.

At a time when yields are low, so is Kleiner Perkins they achieved great benefits from last year’s IPO of Figma, a software company that raised a $25 million Series B round in 2018. he says he scored A great comeback when his company Windsurf was acquired by Google last summer.

The company best known for its early bets on Amazon and Google, Kleiner Perkins now operates with a small team of just five people. The firm has seen a change in leadership recently: Ev Randle left Benchmark, while Annie Case moved from partner to director, a Kleiner Perkins spokeswoman confirmed.

Kleiner Perkins joins mega-raises from other VC firms. Thrive Capital has recently been secured $10 billion in new commitments, where General Catalyst is he says he is heading the same amount. At this time, Mr SEC file it confirms TechCrunch has already started reports that Founders Fund has closed $6 billion on its fourth growth vehicle.