Bessemer Venture Partners has closed a new $5.75 billion fund dedicated to AI startups. The firm argues that AI-native companies are growing faster than any previous technology.
Bessemer's latest fund continues the venture capital industry's aggressive pivot toward artificial intelligence. The firm cited the rapid expansion of AI-native companies as justification for the substantial capital raise.
AI startups have attracted unprecedented funding in recent years as investors bet on the technology's transformative potential. Bessemer joins other major VCs in establishing dedicated AI funds to compete for deals in the hot sector.
The new capital will support Bessemer's existing portfolio strategy while expanding its reach into early-stage AI ventures. The firm's thesis rests on the premise that AI companies are scaling faster than previous technology waves, from the internet to mobile computing.
Bessemer now manages multiple AI-focused funds as demand for venture capital in the space remains high despite economic headwinds affecting other tech sectors.
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