Bessemer Venture Partners Raises $5.75 Billion for AI Investments
Bessemer Venture Partners has raised $5.75 billion across two new funds to invest in artificial intelligence (AI) startups, with a focus on the entire AI stack—from infrastructure and foundation models to application-layer companies. The firm plans to allocate $1.75 billion for seed and early-stage ventures and $4 billion for growth-stage investments. Bessemer has already invested over $3 billion into more than 260 AI-native startups since 2022, including Anthropic, Cognition, Perplexity, and Waymo. The firm is positioning AI as a transformative opportunity in the tech landscape, with Partner Byron Deeter noting that AI-native companies are scaling faster than any previous category of technology Bessemer has backed. The increased fund size also reflects broader trends in venture capital, where startups remain private longer, necessitating larger war chests for VCs to stay competitive. Bessemer is known for its success during the SaaS era with investments like Box and DocuSign. Now it aims to replicate that track record within AI as a leading investor across all layers of this emerging technology stack.
