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The Latest Breaking News from Kleiner Perkins

AI chip startup Etched doubles valuation to $21 billion in under a month

The San Jose, California-based company raised $700 million, with trading firm Jane Street continuing its backing ‌by leading ⁠the round, ⁠joined by Kleiner Perkins, Sequoia, Andreessen Horowitz and Tiger Global, among others.

The Economic Times

'China Controls 99%': Jeff Bezos Backs $2.6bn AI Startup as Chipmakers Face Gallium Shortage

Jeff Bezos has invested in Cambridge start-up CuspAI, a $2.6 billion AI firm working with Nvidia and Meta to tackle looming shortages of critical chip materials such as gallium.

International Business Times UK

Kleiner Perkins, John Doerr, and UCSF Health think healthcare AI has been built all wrong

UCSF Health is teaming up with Kleiner Perkins and Doerr Capital on a new accelerator that puts founders inside one of America's leading health systems before they build.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Bill Gates heir’s shopping app claimed sales it didn’t drive

Phia, co-founded by Phoebe Gates, faces accusations of violating affiliate marketing policies. The browser extension allegedly claimed sales it did not drive by injecting its own referral codes. Independent researchers and competitors like Capital One Shopping highlighted these concerning practices. Phia acknowledged the issue, stating it has been fixed and…

The Economic Times

Exclusive: A former Apple engineer thinks AI infrastructure is built for the wrong future. Investors just gave him $80 million to fix it

Backed by Kleiner Perkins and Sequoia, Sail Research is betting the coming explosion of AI agents will force enterprises to rethink the economics of computing from the chip up.

Fortune

AI Memory Startup Engram Raises $98 Million As It Seeks To Slash Token Costs

AI memory startup Engram has raised $98 million from a powerhouse group of investors as it seeks to reduce the cost of tokens.

International Business Times

Crypto analytics startup Allium raises $40 million to tame blockchain data for Wall Street

Amplify Partners led the Series B fundraise, which included participation from Kleiner Perkins and Theory Ventures.

Fortune

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Exclusive: Roadrunner raises $27 million from Kleiner Perkins and Founders Fund

A Kleiner partner vibe-coded his way to a startup incubated inside his firm.

Fortune

Meet Apurva Shrivastava: Indian-origin engineer who turned a ‘missed call’ idea into $1 billion AI startup

In the high-stakes world of Silicon Valley, where billions are poured into chatbots and generative art, Apurva Shrivastava and Tyson Chen decided to look where few tech founders go: the local HVAC company. That decision has officially paid off. Their startup, 'Avoca', has reached a $1 billion valuation following a…

The Times of India

How a chance encounter in Texas sparked a $1 billion Kleiner Perkins-backed AI startup

Avoca, founded by two MIT grads, brings Silicon Valley tech to trades like plumbing, roofing, and HVAC.

Fortune

VC firms rarely reinvent themselves. Kleiner Perkins did—and has a new $3.5 billion to show for it

Raising funds to plow into the AI boom proved to be not a problem for the firm.

Fortune

Kleiner Perkins’s Leigh Marie Braswell learned about risk from playing poker: “If the odds are in your favor, you push your chips to the center”

She was an early employee at Alexandr Wang’s Scale AI. Now, she’s writing checks to some of the buzziest AI startups around.

Fortune

Silicon Valley legend Kleiner Perkins was written off. Then an unlikely VC showed up

For the first time in eight years, Kleiner Perkins opened its doors to a reporter. Fortune gets an exclusive look inside the legendary VC firm’s turnaround.

Fortune

Why two Gen Z college dropouts are combatting financial nihilism with a credit card startup

Mine raises a $14 million Series A led by 359 Capital with participation from Kleiner Perkins.

Fortune

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Benzinga

'You Never Want To Take The Highest Offer': Robinhood CEO's AI Startup Raises $100M, Hits $875M Valuation With Backing From Kleiner Perkins

Robinhood (NASDAQ:HOOD) CEO Vlad Tenev is stepping beyond trading apps with a new venture: Harmonic AI, a startup aiming to create what it calls "mathematical superintelligence." The company last month announced the closing of a $100 million Series B funding round, bringing its valuation to $875 million.

Fortune

Harvey raises $300 million at $5 billion valuation to be legal AI for lawyers worldwide

Legal LLM Harvey has raised a $300 million Series E at a $5 billion valuation.

Fortune

Exclusive: Chainguard secures $356 million Series D as valuation soars to $3.5 billion

Chainguard raises a $356 million Series D about nine months after announcing its Series C, Fortune can exclusively report.

Fortune

Exclusive: Cartesia, voice AI startup, raises $64 million Series A

Cartesia has raised a $64 million Series A led by Kleiner Perkins, Fortune has exclusively learned.

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news in one place.

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Fortune

Why Kleiner Perkins' Leigh Marie Braswell says AI agents ‘don’t work’

AI agents may replace humans in the future, but three VCs say we’re still a ways out from that reality.

Fortune

Exclusive: Arcade, visual storytelling platform, raises $14 million Series A led by Kleiner Perkins

Arcade raised a $14 million Series A, led by Kleiner Perkins, Fortune can exclusively report.

Fortune

Former Humana CEO Bruce Broussard joins Define Ventures as venture partner

Former Humana CEO and president Bruce Broussard will be joining VC firm Define Ventures as a venture partner, Fortune can exclusively report.

Fortune

Silicon Valley doesn’t care about Big Tech’s AI conflicts of interest

Generative AI technology is blurring the lines between businesses and bringing fresh scrutiny to the boardroom roles of heavy-hitters like Reid Hoffman and Marc Andreessen.

Fortune

Inside the mounting litigation and high turnover at startup unicorn Carta

More on Fortune’s reporting into Carta.

Fortune

More women come forward with claims of mistreatment at unicorn startup Carta

Litigation, high turnover, and employee grievances against management are swirling around the equity management startup backed by a16z.

Reason

How Venture Capital Made the Future

Sebastian Mallaby's The Power Law explores how venture capital and public policy helped shape modern technology.

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