Salesforce Ventures, the company’s global investment arm, has launched a new $250 million generative AI fund to bolster the startup ecosystem and spark the development of responsible generative AI.
More than two-thirds of leaders will be prioritising generative AI over the next 18 months, but technical and ethical concerns with the technology remain a top concern.
Announced at TrailblazerDX, the fund will initially invest in four companies, including Anthropic, Cohere, Hearth.AI, and You.com.
Each has demonstrated an ability to meaningfully transform application software and impact end users’ workflows using responsible and trusted development processes.
“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.
“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.
