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.

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