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Bessemer Venture Partners

Roadmap Investment Thesis

Deep roadmaps across AI, defense, and services

October 1, 20259 themesView Original

Summary

Bessemer's approach focuses on conviction over consensus, with partners developing deep, long-term roadmaps in areas like cloud, healthcare, and AI rather than chasing trends. The firm has invested more than $1 billion into AI startups across nine roadmap categories.

In 2025, Bessemer launched two new funds: $1 billion for BVP Forge II and $350 million for their second India fund. Their European Resilience Roadmap focuses on defense, space sovereignty, and advanced manufacturing.

AI-Native Roadmap

Bessemer announced its commitment to backing AI-Native founders everywhere. The firm has invested more than $1 billion into AI startups across nine categories.

  • Data and cloud infrastructure
  • Vertical SaaS applications
  • Horizontal SaaS platforms
  • Developer platforms and tools
  • Fintech, healthcare, deep tech
  • Consumer and cybersecurity AI

European Resilience Roadmap

Five core investment domains define future resilience: physical autonomy, aerial defence, command and control, space sovereignty, and advanced manufacturing.

  • Physical autonomy systems
  • Aerial defense technology
  • Command and control infrastructure
  • Space sovereignty solutions
  • Advanced additive manufacturing
  • Critical materials independence

AI Services Roadmap

Bessemer revealed their thesis on how AI-native companies will disrupt India's $264 billion IT services sector.

  • IT services sector disruption
  • AI-native service delivery
  • $264B market opportunity
  • Automation of professional services

Sector-Specific Deep Dives

Bessemer develops thesis-driven roadmaps for specific sectors, spending years developing expertise before making investments.

  • Healthcare transformation
  • Fintech infrastructure
  • Cybersecurity evolution
  • Developer tools and platforms

Source: Bessemer Atlas

Last updated: October 1, 2025

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