Salesforce Ventures, the corporate venture capital arm of Salesforce [NYSE: CRM], has launched a new $50m fund focused on accelerating the development of AI solutions on Salesforce.
The Salesforce AI Innovation Fund will help accelerate the development of transformative AI solutions that extend and complement Salesforce.
According to John Somorjai, EVP of Corporate Development and Salesforce Ventures, Salesforce, this will help customers reach new levels of success.
The fund has already invested in AI focused startups including Highspot, Squirro and TalkIQ. Additionally, Salesforce Ventures has completed an investment in All Turtles, an AI startup studio that partners with founding teams and companies to build AI-centric products. Salesforce will partner with All Turtles to co-create AI solutions built on the Salesforce platform.
The launch of the new fund builds on the first anniversary of Salesforce Einstein, the company’s AI tool, which now delivers more than 475 million AI-powered predictions every day