Salesforce Ventures announced it is expanding its Generative AI Fund, doubling the $250 million fund to $500 million as part of its continuing commitment to bolster the AI startup ecosystem and drive the development of responsible generative AI. And Salesforce Ventures has also increased the number of AI innovators in the fund, adding Humane and Tribble to its AI startup ecosystem.
The Generative AI Fund has already invested in several top AI companies, including Hearth and You.com. The original $250 million generative AI fund was announced at TrailblazerDX back in March. At the time, Salesforce Ventures said it would be initially investing in four companies: Anthropic, Cohere, Hearth.AI, and You.com.
KEY QUOTES:
“We are already seeing AI change the way the world works, and we’re excited to build on the momentum of our Generative AI Fund. Expanding 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.”
— Paul Drews, Managing Partner, Salesforce Ventures
“This transformative partnership through investment with Salesforce gives us the opportunity to bridge the gap between consumers and enterprise, fueled by the remarkable capabilities of AI. Together, our aim is to reimagine the way businesses engage with their customers, creating personalized, intelligent experiences that not only captivate individuals but also elevate the efficiency and productivity of enterprise operations.”
— Bethany Bongiorno, CEO, Humane, and Imran Chaudhri, Chairman and President, Humane
“Tribble’s vision is to usher in a new age of go-to-market productivity with generative AI. We are building AI agents to transform how sales, marketing, and product teams work together. Working with Salesforce Ventures and a company like Salesforce that embodies innovation is a critical step in recognizing our vision.”
— Sunil Rao, CEO, Tribble
