Bessemer Venture Partners Raises $5.75B Across Two New Funds Focused on AI

Bessemer Venture Partners has raised $5.75 billion across two new funds to accelerate its investing across every layer of the AI stack, the firm announced on September 23, 2026.

How the Capital Splits

$1.75 billion is earmarked for seed and early-stage investing and $4 billion for growth — so most of the money is aimed at AI companies that already have revenue.

One of 2026's Largest Venture Raises

The raise ranks among the largest of the year, in a market where many venture firms have struggled to close funds at all. Bessemer's portfolio includes Anthropic, Cognition, Legora, Perplexity, Ramp, Shopify and Waymo.

A Full-Stack AI Thesis

Bessemer says it has backed more than 260 AI-native companies since 2022 and put more than $3 billion to work in them, covering compute, infrastructure, foundation models, developer platforms, applications and agents.

What It Means for Buyers

Growth capital at this scale keeps well-funded AI application vendors competing hard on features and price. For enterprise buyers, that is good leverage in negotiations — and a reason to check a vendor's funding runway alongside its product.