Greylock closes $1.5B early-stage fund with focus on next wave of AI startups

Greylock has raised a new $1.5 billion fund to back early-stage startups, with a particular emphasis on leading initial rounds in AI and software companies.

The firm said that even after making its largest-ever investment in Anthropic last year, it believes the most significant AI companies of the next decade have not yet been founded and is positioning the new vehicle to lead first checks into those teams.

The capital will be aimed at seed and Series A deals, continuing Greylock's long-running strategy of concentrating ownership early and supporting portfolio companies through follow-on financings.

The raise comes as AI-focused venture deployment remains elevated despite a wider slowdown in late-stage tech funding, with Greylock and peers competing aggressively to anchor rounds for emerging foundation model, infrastructure and application-layer startups.