Salesforce Ventures Boosts AI Fund to $1 Billion

The venture arm of Salesforce has doubled its AI fund again, adding $500 million to support generative AI startups.

Salesforce Ventures announced an additional $500 million to its AI fund during the Dreamforce conference in San Francisco.
This latest investment brings the total AI fund to $1 billion, following previous increments in March and June 2023.
The fund aims to support generative AI companies, with notable investments in startups like Anthropic, Cohere, and Hugging Face.
Salesforce Ventures has already invested in 24 AI companies and plans to continue supporting innovative AI entrepreneurs.
The announcement underscores the growing corporate interest in AI, as venture funding in the sector remains robust.