Salesforce Ventures ups its AI fund to $1 billion, doubling it again
CRMsalesforce(CRM) TechCrunch·2024-09-17 02:28

As part of Salesforce’s massive tech conference, Dreamforce, taking place this week in San Francisco, its VC arm, Salesforce Ventures just announced a new 500millionfunddedicatedtoAIcompanies.Thisissignificantforseveralreasons.First,inJune2023,SalesforceVenturesdoubleditsAIfundfrom500 million fund dedicated to AI companies. This is significant for several reasons. First, in June 2023, Salesforce Ventures doubled its AI fund from 250 to 500,sotheadditional500, so the additional 500 million brings the AI fund to 1billion.Thiscomparesto1 billion. This compares to 5 billion total deployed in its first 15 years, since its 2009 launch. Salesforce Ventures is also among the ...