A year after expanding its AI fund to $1 billion, Salesforce Ventures today announced it has deployed over $850 million to support the next generation of enterprise AI companies. With this rapid deployment, the fund is on track to fully invest by the end of 2025. To date, the fund has invested in 35 AI-first companies whose combined valuations have soared to over $270 billion, positioning Salesforce Ventures as a leading VC in the enterprise AI landscape.
This progress demonstrates Salesforce Ventures’ commitment to identifying and backing market-defining companies. The fund’s portfolio includes leading innovators such as Anthropic, Cohere, ElevenLabs, Protect AI (acquired by Palo Alto Networks), Together AI, and Runway, with new investments in emerging leaders like fal AI, World Labs, and Writer.
“After 15 years of investing in enterprise technology, we’ve seen how monumental platform shifts create new market leaders,” said Paul Drews, Managing Partner at Salesforce Ventures. “We believe AI is the most profound platform shift of our time, and its ripple effects will transform industries we care deeply about. Our focus is on founders who are building secure, trustworthy AI that will deliver ROI and shape the kind of future we want to be a part of.”
After 15 years of investing in enterprise technology, we’ve seen how monumental platform shifts create new market leaders.
Paul Drews, Managing Partner at Salesforce Ventures
A new mandate for AI investing
The rapidly evolving AI landscape demands a new type of partnership. By identifying emerging trends and backing leading disruptors, Salesforce Ventures delivers strong financial returns and brings cutting-edge insights directly back to the broader enterprise ecosystem.
The momentum from the latest wave of AI investing has enabled Salesforce Ventures to increase its investments in over 25% of its existing AI portfolio companies, underscoring a long-term commitment to its portfolio. The firm’s founder-first approach provides more than just capital, giving companies access to a powerful global network and unparalleled go-to-market insights.
“Salesforce Ventures has been an important partner, and we appreciate their incredibly collaborative approach,” said Krishna Rao, Chief Financial Officer of Anthropic. “They have provided valuable customer insights and have helped Anthropic scale faster.”
What’s next: Fueling the future of enterprise AI
As the next chapter in the AI revolution unfolds, a major enterprise-wide transition is underway. Advances in action-oriented AI and physical-world applications are driving the industry toward new, creative solutions to real-world challenges. Over the past year, Salesforce Ventures has actively invested across robotics, horizontal, and vertical applications, supporting pioneers such as Covecta, Dyna, OneVest, and PointFive.
“Enterprises are moving beyond experimentation to full-scale production with AI — especially in agents, search, and integrated workflows,” said John Somorjai, President of Salesforce Ventures. “The companies that will win aren’t just building better models; they’re building more resilient businesses around transformative AI capabilities. Salesforce Ventures is committed to being the long-term partner for this next generation of AI innovators, supporting them every step of the way on the road from enterprising startup to enduring market leader.”
Enterprises are moving beyond experimentation to full-scale production with AI — especially in agents, search, and integrated workflows.
John Somorjai, President of Salesforce Ventures
Salesforce Ventures will continue to seek out visionary founders charting the industry’s future and driving market-shifting innovation while prioritizing the values of trust and responsibility. With over 15 years of investing, Salesforce Ventures can offer startups tackling these challenges patient capital, multifaceted expertise, and access to a world-class network.
Go deeper:
- Learn more about Salesforce Ventures’ $1B AI fund
- Read about how Salesforce Ventures is reimagining venture capital
- Details on Anthropic’s $13B Series F
