According to PANews, American venture capital firm Kleiner Perkins has announced the establishment of its twenty-first venture capital fund, KP21. This fund, worth $825 million, is intended to support startup companies. In addition, the company has also set up its third select fund, KP Select III, a $1.2 billion fund designed to support high-impact investments.
In a press release, the company stated, 'With these new funds, our team's focus on enterprise software, consumers, healthcare, fintech, and hard tech remains unchanged. Each area will be greatly accelerated by artificial intelligence. Industries that require human beings to do low-level work and where software adoption is slow, such as healthcare, law, and finance, will transform rapidly. New experiences and computing demands will bring opportunities for hardware and physical infrastructure. Today, imagination is the factor limiting the future of technology.'
Previously, Kleiner Perkins has invested in NFT platform Autograph, cryptocurrency exchange Rain Financial, NFT authentication company Optic, and generative AI startup Together.