Salesforce Ventures Doubles AI Fund to $1B, Now at $1 Billion Investment
During this week’s Dreamforce tech conference in San Francisco, Salesforce announced a remarkable new initiative: its VC arm, Salesforce Ventures, has launched a $500 million fund specifically for AI companies. This development is noteworthy for several reasons. Earlier in June 2023, Salesforce Ventures had already doubled its AI fund from $250 million to $500 million, meaning that this latest addition brings the total AI fund to an impressive $1 billion—a substantial increase compared to the $5 billion invested over the first 15 years since the fund's inception in 2009.