Updated at 4:30 p.m. Pacific to reflect that Khosla started to raise this fund; the firm did not close it.
Khosla Ventures has begun raising a very tall pile of money to invest in startups.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":1495432,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,enterprise,entrepreneur,","session":"C"}']The company disclosed the new $1 billion fund it’s working on, Khosla Ventures V, L.P., in a filing today with the U.S. Securities and Exchange Commission.
The new fund would nearly match the $1 billion fund Khosla Ventures raised three years ago.
AI Weekly
The must-read newsletter for AI and Big Data industry written by Khari Johnson, Kyle Wiggers, and Seth Colaner.
Included with VentureBeat Insider and VentureBeat VIP memberships.
We asked multiple Khosla executives for comment and got no-comment responses.
Other firms that dole out money to early-stage startups have raised new funds in recent months, including Andreessen Horowitz, Index Ventures, and True Ventures.
Sun Microsystems co-founder Vinod Khosla started Khosla Ventures in 2004. Earlier, Khosla was an investor at Kleiner Perkins Caufield & Byers. Based in Menlo Park, Calif., Khosla Ventures invests in a wide variety of consumer- and enterprise-focused startups. According to its website, Khosla claims it has $3 billion under management (probably not including the latest fund).
Khosla Ventures’ recent investments include Ambri, Blue Jeans, Cylance, HackerRank, Idibon, and ThoughtSpot.
New hires at the firm include design expert Irene Au.
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More