Bessemer Venture Partners has closed on $5.75 billion in new capital, according to TechCrunch, with the money earmarked for investments across the AI stack. The firm is splitting the haul into two funds: $1.75 billion for seed and early-stage investing and $4 billion for growth-stage companies. Bessemer, known for backing enterprise SaaS winners like Box, Docusign, and Gainsight, has also invested in AI-focused companies including Anthropic, Cognition, Perplexity, and Waymo.
The firm says it has already put $3 billion into AI-related startups and has backed more than 260 AI-native companies since 2022, spanning compute, infrastructure, foundation models, dev tools, app-layer startups, and agentic tech. In the funding announcement, partner Byron Deeter said AI-native companies are scaling faster than any category of technology the firm has previously backed. He also told Bloomberg that larger VC war chests are necessary because companies staying private longer has become a permanent structural shift.
TechCrunch's report is the sole source for this item, so there are no conflicting accounts to compare. The announcement reflects a broader pattern of venture firms raising ever-larger funds to concentrate on AI, though the article itself notes that such enthusiasm may fade with the next major tech trend.