Emergence Capital has successfully closed its seventh fund, raising $1 billion aimed at supporting B2B companies. This marks the firm's first fundraising effort in nearly four years, following a significant raise in May 2021. The firm, known for its focus on enterprise tech startups, is now heavily investing in artificial intelligence, viewing it as a key area for growth. Emergence has previously backed notable companies such as Salesforce and Zoom. Stanford University has supported Emergence since 2007, highlighting the firm's strong investor network.