Kleiner Perkins raises $3.5 billion for a new fund focused on AI

TechubNews · 2026-03-24T17:36:39+00:00

Kleiner Perkins announced the raising of $3.5 billion through a new fund, primarily focused on the artificial intelligence sector. The capital includes $1 billion for early-stage investments and $2.5 billion for growth-stage investments. The company believes market conditions are favorable for expansion and continues to increase investments in AI startups.

TechubNews

2026-03-24 17:36:39

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Kleiner Perkins announced raising $3.5 billion (approximately 5.04 trillion KRW) through a new fund focused on artificial intelligence. The funding includes $1 billion (about 1.44 trillion KRW) for the KP22 fund, which supports early-stage companies, and $2.5 billion (approximately 3.6 trillion KRW) dedicated to growth-stage investments.

In 2024, Kleiner Perkins raised $2 billion (around 2.88 trillion KRW), making this round significantly larger. The venture capital firm believes market fundamentals are favorable for expansion and that AI innovation is helping startups grow and develop faster than before.

Founded in 1972, Kleiner Perkins is known for cross-industry investments. Its latest fund not only focuses on AI but also targets sectors such as professional services, healthcare, autonomous driving, security, financial services, and the real economy.

Recently, Kleiner Perkins has invested in multiple companies across healthcare, accounting, and cybersecurity, and has steadily increased its investments in AI startups over the past few years. Notable investments include $600 million (about 864 billion KRW) in Applied Intuition, which develops autonomous vehicle technology, and $356 million (approximately 513 billion KRW) in Chainguard, which provides open-source AI system software. Additionally, it invested $300 million (around 432 billion KRW) in Harvey, a unicorn in AI legal tech.

Kleiner Perkins also previously invested in well-known companies like Google, Uber, and Airbnb. Recently, it announced the sale of its stake in business credit card provider Brex to Capital One for $5.15 billion (about 7.224 trillion KRW).

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