Global investment firm Battery Ventures has raised $3.25 billion to fund new tech deals, including investments in software companies — a bet that the sector won’t be toppled by artificial intelligence-led disruption. The fund aims to back early-stage and growth-stage startups, emphasizing software innovation over hardware or infrastructure. This move signals confidence in software’s resilience despite AI’s rapid evolution, which has already reshaped industries like finance and healthcare.

Battery Ventures, a pioneer in venture capital since 1987, positions itself as a strategic player in a market where tech giants and startups alike are racing to dominate AI-driven solutions. The firm’s focus on software aligns with broader trends showing that code and data remain foundational to tech’s future, even as AI tools automate tasks previously reliant on human expertise.