If one thing, it is the effect of generating artificial intensigence, that as it promises to transform a wide range of foundries.Lucknow Stock
But Last Year was not the first time a company has launch. Hey Had It and where are they investing? Here’s the full round up so far -we’ll update this as new initiatives spring up:
Amazon (AWS Generation Ai Accelerator)
Amazon ’s AWS Cloud Services Subsidary is Betting Big On Generation AI and In April 2023 It Launched A Dedicated Accelerator for Startups in The Sector, Backed by PART NERS Including Venture Firms Sequoia Capital and Radical Ventures.
The scheme offers $ 300,000 in AWS CREDITITS to Participants Along with Mentorship, and the Accelerator Annound the Inaugural BATCH of 18 Startups Back In May. IRST DEMO Day WAS SCHeduled for the End of Last Month.
Baidu (Baidu Wenxin Investment Fund)
Once Known as CHINA’s Google, Baidu has expanded its search engine into a direct " . It unveiled an AI Chatbot Called Ernie (or wenxin, in China) in March 2023 and Formed A DedicatedINVESTMENT VEHICLLE, Baidu wenxin investment function, two months later.
The Fund is Equipped with About $ 140m in Capital and WAS Launched Together with The Wenxin Cup, a CONTEST WHERE ENTREPRENEURS SUBMIT TheIR GENERATIVE AI Ects to win a prize size at approximately $ 1.4m. It is you to office to officially disclose itS First Deal, thinkSister Unit Baidu Ventures Backed Generation AI Startup Shengshu Technology’s $ 14m Angel Round in June.
The Networking Technology Provider ’s Cisco Investments Subsidary Announded A $ 1BN AI Fund in June 2024, The Larges Corporate Venture Fund Yet to Be Entirely to Artificial Intelligence Technology.
Cisco Disclosed the Fund AlongSide News It has Investested in Generation AICorns Cohere and Mistral AI TRAING SOFTWARE PROVIDER AI, PART of the $ 200M The Company Said it has always combed.
Comcast
The Mass Media Group Set Generation AI as the Subject for the First Themed Cohort of ITS Comcast NBCuniversal Labs Accelerator in April 2023.
DataBricks (DataBricks AI Fund)
DataBricks’ Software Combnes Data and AI, and the Latter was one of the key areas when it Annound Corporate Arm DataBricks in 2021. VETED in 25 Startups Through ITS LAKEHOUSE FUND by the TOOK the WRAPS OfficeFund in May 2024. It Came in the Wake of the Company Adding Generatively AI Unicorns Glean and Mistral to ITS Portfolio in the Previous Six Months.
Dropbox (Dropbox Ventures)
Data Software Provider Dropbox Had Been An OCCASIONAL Startup Investor, Most Notbly Providing $ 5M for Enterprise Software Management PlatterCloud In 2019. B. UT It has always actually put together its own cvc unit.
That Changed in June 2023 when it unveiled a $ 50M Fund Dubbox Ventures that was put together to Invest in Developers of AI Tools and Applications. , Annound Together with AI Products Dropbox Dash Dash and Dropbox AI, Had Made Two Investments as of FebruaryThis year.
Google (Gradient Ventures)
Internet technology provider Google Launchd Gradient in 2017 AS An AI Fund to Complement GV and Capitalg, The Corporate Venture Units Overseen By Parent Ground Bet. Six Years On, Founding Managing Partner Anna Patterson Departed, to Be Donald Harrison.
Gradient was one of the more activity-stage funds event every year, when ites investment pace ramped up significantly. Ortfolio Companies (and more in Stealth), and color,Provider Lambda are among the gradient portfolio companies to have disclosed unicorn value in the pass year.
IBM (IBM Enterprise AI Venture Fund)
Computing Technology PRODUCER IBM Ploughed $ 1BN INTO A DEDICated Division for AI Query System Watson in 2014 that Included A $ 100M Fund Designet Em Around the Technology, But it was never that activity and subsently wound double.
IBM weefurity and Data Technologly IBM Ventures Unit, and Double DOWN in Nivember 2023 With Commitment TO Intended to BOOSTS Access to Generation AI TECHNOLOGY and Research.AI-Focused Investments by the Corporate that Included A $ 235m Round for Machine Learning Collaboration Platform Hugging Face and A $ 50M Series A For AI-Focused Cyber. Security Software Producer Hiddenlayer.
Image Courtesy of Gerd Altmann Via Pixabay
Kasikorn Bank (KXVC)
The Thai Bank’s Latest Fund, KXVC, IS A $ 100M Vehicle Which WAS SET Up in September 2023 to Invest in EDGE TechNologies as. The Unit Runs Both Venture Investment and Venture Studio ARMS, The Latter Havingben Operational since 2021.
Mass General Brigham
The us-based health system put $ 30M Inticted Artificial Intelligence and Digital Innovation Fund in 2020 Designet to OPENGSIDE CORPORE VC Nit Mass General Brigham Ventures. It had disclosed four deals as of a $ 150M Round for Medical Chatbotropper Abridge in Early in Early in Early2024.
MITSUBISHI UFJ Financial Group
JAPAN-BASED FINANCIAL Services Firm Mufg Put $ 136m Into The Latest Fund for Strategic Investment Arm Mufg Innovation PARTNERS in September 2023, ExpandING Ology Sphere to Generate AI.
Openai (openai startup fund)
Openai ’s Launch of Advanced AI Chatbot Chatgpt May Have Represented Zero for Generation Ai Hype, But the Company Had Actually ITS Own Early-Stage Inv ESTMENT FUND AS FAR BACK AS MID-2021, in Partnership with ITS Larget Investor, Microsoft.
The Company Waited UNTIL the END of 2022 to Announds First FIRST FORSTFOLIO Companies -Description, Harvey AI, Mem and Speak – And Increases of the Fu fu nd from $ 100M to $ 175M in May 2023. It has also launched an accelerator scheme classConverge That Offers $ 1M in Equity Financing for Each Participating Startup.
PayPal (PayPal Ventures ai Fund)
Digital Payment Processor PayPal ’s Corporate Venture Arm Made the First Investment Out of ITS AI Fund in February 2024, Co-Leading A $ 30M Roundaa, Developer O f an open-Source Development Platform for Enterprise-Grade Conversational AI Tools.
The Fund is not an adDitional portion of capital butrends a set portion of the cash payPal venntures will investful. I technology startups spanning all foundries and verticals.
Qualcomm (Qualcomm Ventures ai Fund)
Mobile Chipmaker Qualcomm ’s Corporate Venture Subsidial Channeld $ 100M Into A Specialist AI Fund Also, in 2018, With the Intenting on its Internet Search by accessing startups in areas like autonomous cars, Robotics and Machine Learning Platforms.
The Fund’s First Investment WAS in Israeli Facility Startup Anyvision, Which Has Since Reached Unicorn Status. der the banner of qualcomm venntures. Although the unit has more than 30 active ai-flaged portfolio companyInvestments are still made through a section fund.
Salesforce (Salesforce Ventures Generation AI Fund)
The Enterprise Software Provider Announded A $ 250M Generation AI Fund in March 2023 Along with Four Portfolio Companies. Ed on Products that use ai, Salesforce’s was focused Squarely on the large language models that make update ai programs, and thatInitial portfolio included unicorns anthropic and cohere.
The Unit Doubled the size of Fund to $ 500M Just Two Months Later, By Which Time Anthropic Had Raise Another $ 450m at A Valuational Ad Closed A $ 270m Round Valuing It Above $ 2bn. It Put $ 500M Into ASecond AI Fund in SeptEmber 2024.
SAP/SAPPHIRE VENTURS
SAPPHIRE, Which SPUN Off FROM SAP and Still Counts The Enterprise Software Producer As a Major Backer, Annound in Jury 2023 It is Committing $ AI-Powere d Enterprise Technologies in Areas Including Generation AI.
ServiceNow
Digital Workflow Software Produceer Servicenow AdDed $ 1BN in Capital to Corporate Vc Arm Servicenow Ventures in May 2023, City AI And Machine Learning As Two of ITS Key Investment Areas. Activity since then has included a $ 1BN Round value ai data foundry scale ai at nearly$ 14bn.
Softbank (deepcore)
Japanese Telecoms and Internet Group Softbank Formed A DOMESTIC FUND CALLED DeepCore in 2018 with Just Just Over $ 50m A Mission to Fund AITUPS at SEED and EARLY ES. It Racked Up Several Deals in ITS FIRST Year Including A Series A Investment in Telexistence, ASheld-Stacking Robotics Developer that Closed A $ 170m Round Feature Softbank in MID-2023.
SoftBank Launched A $ 55M Second DeepCore Fund in 2019 and Its Portfolio Now Stands at more than 70 Startups. DeepCore, Which Has Formed PARTNERSTRES WITH CORPORES S Uch as nvidia and Zeroth, Remains Active in 2024 and has widened its focus to more companies outside of japanUdabur Investment. Those include builder.ai, the uk-based creator of an app dependment platform, which recentice compound a $ 250M Series d Round Last Year.
Solana
Solana Foundation, The Owner of Cryptocurrency Software Provider Solana, Boosted The Size of its AI Grant Fund From $ 1M TO $ 10M in MAY 2023. It will F UP to $ $ 25,000 to projects that Combine the Solana Blockchain with Ai Technology.Surat Stock
T-Mobile
Corporate Venture Unit T-Mobile Ventures Launchd ITS Second Fund Last SEPTEMBER, Adding AI to the 5G-Focused TechNOLOGY IT Invests on Behalfes Mobile. iLenetwork Operator Parent.
Toyota
The Carmaker’s Toyota Research Institute Invested $ 100M in A Fund Aimed at AI, Robotics and Data Technology in 2017, and It has Had Accumulated A 19-Strong by the time toyota launchd a $ 100M Fund II Two Years Later. Its Biggest Exit was the$ 6.6BN Reverse Takeover of Air Taxi Developer Joby Aviation in 2021.
TOYOTA ENDED UP Reorganising ITS CVC Funds The Same Year, Absorbing The TOYOTA AI Ventures Into A Newly Rebranded Toyota Ventures. S AI TECHNOLOGY Startups Through Toyota Ventures’ Frontier Fund, and AI WAS NAMED As An Area of Interest WhenITS $ 150M Second Frontier Fund in April 2024.
Visa (VISA GENAI FEND)
The Payment Services Firm Claims to have Utilised AI SINCE 1993 and Has Been Making Strategic Investments in Startups Since 2007, So Putting $ 100M Into A Generate AI Initiative that will be overseen by its visa venntures united seemed a natural next step.
VISA LAUNCHED ITS GENAI FUND In October 2023 To Fund Startups Integrating The Technology Into Commerce and Payment Products. It is Yet to Reveal Its First INVE Stment Out of the Fund.
Workday
The Company Doubled The Capital Available for ITS Workday Ventures Unit to $ 500M in February 2023. Annuncement that it planned to now put more money into emerging technology like generating ai.
Zendesk
The Customer Service Management Platform Annound An Early-Stage Investment Arm, Zendesk Ventures, In June 2024 to Fund Startups Bringing AI TECHNOLOGY to the Customer and Employeee Experience Fields.
ZENDESK VENTURES is Financed by Tens of Millles from the Zendesk Balance Sheet and Invests Approximately $ 500,000. Aunched with Four Companies in its portfolio.
Updated: june 24, 2024