Lindsey Li & Brielee Lu & Josh Hechtman & David Cowan — Bessemer Venture Partners - Roadmap: The AI data center stack - May 2026
FreeThe AI data center stack: Six areas of infrastructure opportunity
About Lindsey Li & Brielee Lu & Josh Hechtman & David Cowan — Bessemer Venture Partners - Roadmap: The AI data center stack - May 2026
Bessemer Venture Partners' roadmap provides a comprehensive analysis of the AI data center infrastructure opportunity, highlighting six key areas of investment: permitting and site selection, power generation, transmission and power conversion, software and orchestration, construction and maintenance, and cooling technologies. It discusses the current state of data center buildout (190 GW announced, 777 projects), the energy crisis driven by AI workloads, government actions like invoking the Defense Production Act, and the shift toward on-site power solutions. The report is intended for entrepreneurs, investors, and strategists looking to understand the enabling technology stack for AI data centers.
Key Features
Pros & Cons
- Comprehensive coverage of six critical infrastructure domains
- Backed by Bessemer's decades of venture capital experience
- Identifies specific investment opportunities with real market data
- Addresses regulatory and policy aspects like the Defense Production Act
- Includes portfolio examples and industry contacts
- Free resource with no paywall
- Focuses primarily on US market and Bessemer's investment perspective
- Does not include detailed financial projections or valuations
- Limited coverage of supply chain or geopolitical risks
- May not address smaller-scale or edge data center trends
- Not a technical implementation guide; strategic overview only