Salesforce Ventures Doubles Down on Generative AI Fund

Salesforce Ventures 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 spark the development of responsible generative AI. Salesforce Ventures has also increased the number of AI innovators in the fund, adding Humane and Tribble to its AI startup ecosystem.

“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,” said Paul Drews, Managing Partner, Salesforce Ventures. “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.”

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 and Cohere.

Soundbites:

“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,” said Bethany Bongiorno, CEO, Humane, and Imran Chaudhri, Chairman and President, Humane. “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.”
“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,” said Sunil Rao, CEO, Tribble.

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