Fund doubles down on Salesforce Ventures’ backing of high-growth companies
Salesforce Ventures has announced a new US$ 500mn AI fund, bringing its total commitment to AI innovators to US$ 1bn in the past 18 months.
The fund doubles down on Salesforce Ventures’ backing of high-growth companies and visionary founders charting the future of AI, driving market-shifting innovation, and delivering strong returns while prioritizing their core values of trust and responsibility.
To date, Salesforce Ventures has invested in over two dozen AI companies, including market leaders such as Anthropic, Cohere, Runway, TogetherAI, Mistral AI, and Hugging Face. The new investments will continue to build on the organization’s stake in many of these companies, providing patient capital alongside unmatched growth opportunities and industry expertise from its enterprise ecosystem.
“Salesforce Ventures is a leader in helping startups scale market-changing innovations in the cloud, and we’re expanding on that heritage to bring the power of AI to all parts of the enterprise,” stated John Somorjai, President, Salesforce Ventures.
“The AI landscape has evolved greatly in the past year, encompassing everything from powerful LLMs to business-boosting applications — yet no enterprise will adopt AI at scale unless they trust it will deliver strong returns and avoid putting their reputation at risk,” added Paul Drews, Managing Partner, Salesforce Ventures.
