{"id":63262,"date":"2023-06-12T05:00:00","date_gmt":"2023-06-12T12:00:00","guid":{"rendered":"https:\/\/www.salesforce.com\/?p=63262"},"modified":"2023-08-30T14:34:42","modified_gmt":"2023-08-30T21:34:42","slug":"generative-ai-investing","status":"publish","type":"post","link":"https:\/\/www.salesforce.com\/news\/stories\/generative-ai-investing\/","title":{"rendered":"Salesforce Ventures Doubles Down on Generative AI Fund"},"content":{"rendered":"\n

Editor\u2019s Note: AI Cloud, Einstein GPT, and other cloud GPT products are now Einstein. For the latest on Salesforce Einstein, go <\/em>here<\/em><\/a>.<\/em><\/p>\n\n\n\n

Editor\u2019s note: This story was originally published in March 2023, but was updated in June 2023 to reflect changes to the fund.<\/em><\/p>\n\n\n\n

Salesforce Ventures is expanding its Generative AI Fund<\/a>, doubling the $250 million fund to $500 million as part of its continuing commitment to bolster the AI startup ecosystem and spark the development of responsible generative AI. Salesforce Ventures has also increased the number of AI innovators in the fund, adding Humane<\/a> and Tri<\/a>bble<\/a> to its AI startup ecosystem. <\/p>\n\n\n\n

\u201cWe are already seeing AI change the way the world works, and we\u2019re excited to build on the momentum of our Generative AI Fund,\u201d said Paul Drews, Managing Partner, Salesforce Ventures. \u201cExpanding our Generative AI Fund enables us to work with even more entrepreneurs who are accelerating the development of transformative AI solutions for the enterprise, and we are excited to support the next generation of innovative founders.\u201d <\/p>\n\n\n\n

The Generative AI Fund has already invested in several top AI companies, including Hearth and You.com. Most recently, the fund announced further investments in Anthropic<\/a> and Cohere<\/a>. <\/p>\n\n\n\n

Soundbites: <\/strong><\/p>\n\n\n\n