Kleiner Perkins Raises $3.5B in Fresh Capital, Focuses on AI Investments

Kleiner Perkins, a prominent US venture firm, has raised $3.5 billion in fresh capital across two funds, significantly increasing its capital haul from less than two years ago. The firm has secured early stakes in fast-growing AI startups, including Together AI and Anthropic, and realized significant returns from last year's IPO of Figma. Kleiner Perkins operates with a lean team of five partners and joins a wave of mega-raises from other VC firms.