Salesforce Ventures Launches $250 Mn Generative AI Fund

Salesforce Ventures, Salesforce’s global investment arm, on Tuesday launched a new USD 250 million generative AI fund to bolster the startup ecosystem and spark the development of responsible generative AI.

“Salesforce Ventures has been investing in high-potential enterprise technology businesses for more than a decade, and these initial investments from the fund in generative AI companies fit squarely into that strategy,” said John Somorjai, EVP Corporate Development and Salesforce Ventures at Salesforce.

Announced at TrailblazerDX, the fund will initially invest in four companies, including Anthropic, Cohere, Hearth.AI, and You.com.

“We’re excited to partner with Salesforce to bring our trustworthy, conversational AI assistant Claude to more businesses in a responsible and ethical way. Anthropic and Salesforce share a vision for creating innovative technology that is rooted in safety, and we’re looking forward to introducing more useful AI services into the world,” said Daniela Amodei, President, Anthropic.

In other development, Salesforce launched Einstein GPT, the world’s first generative AI CRM technology, which delivers AI-created content across every sales, service, marketing, commerce, and IT interaction, at hyperscale. Called Einstein GPT, the AI CRM from Salesforce is expected to transform every customer experience with generative AI.