{"id":10895,"date":"2024-09-16T09:00:00","date_gmt":"2024-09-16T16:00:00","guid":{"rendered":"https:\/\/www.salesforce.com\/?p=10895"},"modified":"2024-09-17T02:26:15","modified_gmt":"2024-09-16T16:26:15","slug":"ai-fund-round-3","status":"publish","type":"post","link":"https:\/\/www.salesforce.com\/au\/news\/stories\/ai-fund-round-3\/","title":{"rendered":"Salesforce Ventures Expands AI Investment to $1 Billion"},"content":{"rendered":"\n<p>Salesforce Ventures is announcing a new $500 million <a href=\"https:\/\/www.salesforce.com\/au\/news\/stories\/generative-ai-investing\/\" target=\"_blank\" rel=\"noreferrer noopener\">AI fund<\/a>, bringing its total commitment to AI innovators to $1 billion in the past 18 months.&nbsp;<\/p>\n\n\n\n<p>The fund doubles down on Salesforce Ventures\u2019 backing of high-growth companies and visionary founders charting the future of AI, driving market-shifting innovation, and delivering strong returns while prioritizing their core values of trust and responsibility. Salesforce Ventures connects portfolio companies with its ecosystem of leaders across the Fortune 500, and also helps startups balance trust, growth, and innovation through access to Salesforce\u2019s <a href=\"https:\/\/www.salesforce.com\/company\/ethical-and-humane-use\/\" target=\"_blank\" rel=\"noreferrer noopener\">Office of Ethical and Humane Use<\/a> and other experts.<\/p>\n\n\n\n<p>To date, Salesforce Ventures has invested in over two dozen AI companies, including market leaders such as Anthropic, \u200b\u200bCohere, Runway, TogetherAI, Mistral AI, and Hugging Face. The new investments will continue to build on the organization\u2019s stake in many of these companies, providing patient capital alongside unmatched growth opportunities and industry expertise from its enterprise ecosystem.<\/p>\n\n\n\n<aside class=\"contextual-driver has-text-align-left contextual-driver--einstein\">\n\t<header class=\"tidbit-header\">\n\t\t<h2 class=\"tidbit-head\">\n\t\t\tFor the Most Promising Founders.\t\t<\/h2>\n\t<\/header>\n\t<div class=\"tidbit-body\">\n\t\t<p><\/p>\t<\/div>\n\t\t\t<p class=\"tidbit-link label\">\n\t\t\t<a class=\"label has-right-arrow has-right-arrow--small\" href=\"https:\/\/salesforceventures.com\/\" target=\"_blank\">\n\t\t\t\t<span>SALESFORCE VENTURES<\/span>\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 14 10\">\n\t<path d=\"M13.92 5.38a1 1 0 000-.76.9.9 0 00-.17-.26.25.25 0 000-.07l-4-4a1 1 0 00-1.46 1.42L10.59 4H1.07a1 1 0 000 2h9.52l-2.3 2.29a1 1 0 000 1.42 1 1 0 001.42 0l4-4a.25.25 0 000-.07.9.9 0 00.21-.26z\" \/>\n<\/svg>\n\t\t\t<\/a>\n\t\t<\/p>\n\t\t\t\t<img class=\"tidbit img-einstein\"\n\t\tsrcset=\"\n\t\t\thttps:\/\/www.salesforce.com\/au\/news\/wp-content\/themes\/newsroom\/assets\/images\/article-tidbit-einstein-large@0.5x.png 84w,\n\t\t\thttps:\/\/www.salesforce.com\/au\/news\/wp-content\/themes\/newsroom\/assets\/images\/article-tidbit-einstein-large@1x.png 168w,\n\t\t\thttps:\/\/www.salesforce.com\/au\/news\/wp-content\/themes\/newsroom\/assets\/images\/article-tidbit-einstein-large@2x.png 336w\n\t\t\"\n\t\tsrc=\"https:\/\/www.salesforce.com\/au\/news\/wp-content\/themes\/newsroom\/assets\/images\/article-tidbit-einstein-large@1x.png\"\n\t\talt=\"Illustration of einstein\"\n\t\tsizes=\"(min-width:1024px) 175px, 130px\"\n\t>\n\t<\/aside>\n\n\n\n\n<p>\u201cSalesforce Ventures is a leader in helping startups scale market-changing innovations in the cloud, and we&#8217;re expanding on that heritage to bring the power of AI to all parts of the enterprise,\u201d said John Somorjai, President of Salesforce Ventures. \u201cThe first $500 million we invested in this technology has powered growth across our AI ecosystem, and we\u2019ll continue to incorporate learnings from across our business, partners, and customers to help build the AI leaders of tomorrow.\u201d<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Salesforce Ventures is a leader in helping startups scale market-changing innovations in the cloud, and we&#8217;re expanding on that heritage to bring the power of AI to all parts of the enterprise.<\/p>\n<cite>John Somorjai, President of Salesforce Ventures<\/cite><\/blockquote>\n\n\n\n\n\n<p>\u201cThe AI landscape has evolved greatly in the past year, encompassing everything from powerful <a href=\"https:\/\/www.salesforce.com\/au\/artificial-intelligence\/trusted-ai\/\" target=\"_blank\" rel=\"noreferrer noopener\">LLMs<\/a> to business-boosting applications \u2014 yet no enterprise will adopt AI at scale unless they trust it will deliver strong returns and avoid putting their reputation at risk,\u201d added Paul Drews, Managing Partner of Salesforce Ventures. \u201cOur expanded investment deepens our commitment to helping the most dynamic and expansive innovators win the market by accelerating their growth through our customer network and delivering <a href=\"https:\/\/www.salesforce.com\/artificial-intelligence\/trusted-ai\/\" target=\"_blank\" rel=\"noreferrer noopener\">trusted AI<\/a> that earns the confidence of the biggest companies in the world. Values drive value, and we know trust and responsibility are good for the world\u2014and good for business.\u201d<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-more-information\"><strong>More information:<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Learn more about <a href=\"https:\/\/salesforceventures.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Salesforce Ventures<\/a><\/li>\n\n\n\n<li>Read more <a href=\"https:\/\/www.salesforce.com\/au\/news\/df24-media-resources\/\" target=\"_blank\" rel=\"noreferrer noopener\">news from Dreamforce<\/a>, including the launch of <a href=\"https:\/\/www.salesforce.com\/au\/news\/press-releases\/2024\/09\/12\/agentforce-announcement\/\" target=\"_blank\" rel=\"noreferrer noopener\">Agentforce<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Salesforce Ventures is announcing a new $500 million AI fund, bringing its total commitment to AI innovators to $1 billion in the past 18 months.&nbsp; The fund doubles down on Salesforce Ventures\u2019 backing of high-growth companies and visionary founders charting the future of AI, driving market-shifting innovation, and delivering strong returns while prioritizing their core [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":10894,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sf_subhead":"","sf_i18n_disclaimer":false,"_jetpack_memberships_contains_paid_content":false,"alternateThumbnailId":0,"sf_product_cta_id":0,"footnotes":""},"categories":[],"tags":[],"sf_content_type":[1166],"sf_theme":[1114],"sf_topic":[1092,1106],"sf_product":[],"sf_industry":[],"sf_role":[],"sf_multimedia_asset":[],"sf_location":[1094],"sf_collection":[3553],"sf_visibility":[],"coauthors":[],"class_list":["post-10895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","sf_content_type-news-announcements-product-news-announcements","sf_theme-artificial-intelligence","sf_topic-artificial-intelligence","sf_topic-ventures","sf_location-global","sf_collection-dreamforce-2024"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Salesforce Ventures Expands AI Investment to $1 Billion - Salesforce<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.salesforce.com\/au\/news\/stories\/ai-fund-round-3\/\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Salesforce Ventures Expands AI Investment to $1 Billion\" \/>\n<meta property=\"og:description\" content=\"Salesforce Ventures is announcing a new $500 million AI fund, bringing its total commitment to AI innovators to $1 billion in the past 18 months.&nbsp; 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