KP

Kleiner Perkins

Investment Focus 2026

AI-led transformation across enterprise, healthcare, and frontier systems

January 28, 20264 themesView Original

Summary

Kleiner Perkins' 2026 posture continues to center on ambitious, technically strong teams building enduring companies in AI, enterprise infrastructure, healthcare, and industrial systems. The strongest signal is long-duration conviction in category leaders with platform potential.

AI-Native Category Leaders

Kleiner Perkins remains focused on companies where AI meaningfully changes product and market structure.

  • AI as core product architecture
  • Strong technical moats and product defensibility
  • Path to category-defining market position

Enterprise Infrastructure and Security

Infrastructure and trust layers remain critical for enterprise adoption at scale.

  • Cloud and application infrastructure
  • Security and compliance readiness
  • Reliability and performance tooling

Healthcare and Deep Tech

Healthcare and deep technical domains remain priority areas for long-cycle value creation.

  • Healthcare workflow modernization
  • Biotech and science-enabled platforms
  • Deep technical systems with long-horizon upside

What Changed in 2026

AI maturity shifted emphasis toward durable adoption, defensibility, and execution depth.

  • Less tolerance for superficial AI positioning
  • More focus on platform extensibility and retention
  • Greater value placed on execution quality over narrative

Freshness & Evidence

As of February 14, 2026

How this VC engages founders

Use this entry point to review how KP engages with early teams.

Contact Kleiner Perkins

Source: Kleiner Perkins

Last updated: January 28, 2026

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