PANews reported on July 1 that according to official news, the US venture capital firm Kleiner Perkins announced the establishment of its 21st venture capital fund KP21, an $825 million fund to support start-ups; in addition, the company also established its third select fund KP Select III, a $1.2 billion fund to support high-impact investments.
"With these new funds, our team's focus on enterprise software, consumer, healthcare, fintech, and hard tech remains unchanged," the company said in a press release. "Each sector will be greatly accelerated by AI. Industries that require humans for low-level work and have been slow to adopt software, such as healthcare, legal, finance, will transform rapidly. New experiences and computing demands will bring opportunities for hardware and physical infrastructure. Today, imagination is the constraint on the future of technology."
Previously, Kleiner Perkins has invested in NFT platform Autograph, crypto exchange Rain Financial, NFT certification company Optic, generative AI startup Together, etc.