It's a considerable increase in capital commitments compared to the last time the Silicon Valley-based firm raised a flagship fund, back in 2024. In that raise, Kleiner pulled in just over $2 billion for funds to back early- and later-stage startups. 'The AI super-cycle is one of the most important company-building moments in our lifetimes, and we are still in the early innings,' its fundraising announcement states. Kleiner also notes that AI is enabling today's startups to iterate and grow faster than in past cycles. Founded in 1972, Kleiner has long been known as a cross-industry investor, active in virtually every popular sector for venture dealmaking. For its latest fund, the firm also identified a broad array of focus areas, including professional services, healthcare, autonomy, security, financial services and the physical economy. To illustrate, we used Crunchbase data to put together a list of the latest reported rounds in which it served as a lead or co-lead investor. It...
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