According to PANews, US venture capital firm Kleiner Perkins announced the establishment of its 21st venture capital fund, KP21, a $825 million fund to support start-ups. At the same time, the company also established its third selected fund, KP Select III, a $1.2 billion fund to support high-impact investments.

The company said in a press release that the new fund will continue to focus on areas such as enterprise software, consumer, healthcare, fintech and hard tech, which are expected to be greatly accelerated by artificial intelligence. Industries such as healthcare, law, and finance that require humans to perform low-level work and have been slow to adopt software will be rapidly transformed.

Previously, Kleiner Perkins has invested in NFT platform Autograph, crypto exchange Rain Financial, NFT certification company Optic, generative AI startup Together, etc.