Salesforce Ventures Expands AI Fund to $1B with New $500M Investment

By James Dargan · 17 September 2024 · 1 min read

At Salesforce’s Dreamforce conference in San Francisco, Salesforce Ventures announced Monday an additional $500 million for its AI-focused fund, doubling the total to $1 billion.

This follows a previous increase from $250 million to $500 million in June 2023. Salesforce Ventures, known for backing top AI startups like Anthropic and Hugging Face, has played a key role in making San Francisco a hub for AI companies, attracting startups from around the world.

TopicsAI AI Fund business capital markets funding insights Salesforce

About the author

James Dargan

James Dargan is a writer and researcher at The AI Insider. His focus is on the AI startup ecosystem and he writes articles on the space that have a tone accessible to the average reader.

Salesforce Ventures Expands AI Fund to $1B with New $500M Investment

Trending today

OpenAI Faces Safety Culture Criticism While Expanding ChatGPT Ads and EU Watermarking

Hitachi & Agile Robots Partner to Develop Physical AI for Autonomous Manufacturing

Shopify’s Canvas Lets Merchants Build Online Stores by Chatting With AI

Wandercraft Acquires Ekso Bionics to Expand Medical Exoskeleton Business

Supabase Announces $150M in New Funding and Turso Acquisition

Exclusives

South Korea’s AI G3 Strategy: Decoded

10 Switzerland-Based AI Scale-Ups You Need to Know in 2026

Why Crypto Could Be AI’s Payment Layer: BlackRock Sees Stablecoins Connecting Commerce and Compute

Why AI Predictions Often Get The Technology Right But The Timeline Wrong

10 CEE & Baltics-Based AI Scale-Ups You Need to Know in 2026

More in Business & Markets

TikTok Introduces AI Shopping Assistant and One-Click Checkout Across Its App

Anthropic Expands Claude for Startups Program With Free Year of Claude Team and $1,000 in API Credits

OpenAI Faces Safety Culture Criticism While Expanding ChatGPT Ads and EU Watermarking

Meta Opens Muse to Hardware Hackers With Open Source Gadgets Project

Salesforce Ventures Expands AI Fund to $1B with New $500M Investment

Trending today

OpenAI Faces Safety Culture Criticism While Expanding ChatGPT Ads and EU Watermarking

Hitachi & Agile Robots Partner to Develop Physical AI for Autonomous Manufacturing

Shopify’s Canvas Lets Merchants Build Online Stores by Chatting With AI

Wandercraft Acquires Ekso Bionics to Expand Medical Exoskeleton Business

Supabase Announces $150M in New Funding and Turso Acquisition

Exclusives

South Korea’s AI G3 Strategy: Decoded

10 Switzerland-Based AI Scale-Ups You Need to Know in 2026

Why Crypto Could Be AI’s Payment Layer: BlackRock Sees Stablecoins Connecting Commerce and Compute

Why AI Predictions Often Get The Technology Right But The Timeline Wrong

10 CEE & Baltics-Based AI Scale-Ups You Need to Know in 2026

More in Business & Markets

TikTok Introduces AI Shopping Assistant and One-Click Checkout Across Its App

Anthropic Expands Claude for Startups Program With Free Year of Claude Team and $1,000 in API Credits

OpenAI Faces Safety Culture Criticism While Expanding ChatGPT Ads and EU Watermarking

Meta Opens Muse to Hardware Hackers With Open Source Gadgets Project

The AI economy, every weekday morning