OpenAI’s startup empire: The companies backed by its venture fund

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Since its founding in 2021, OpenAI Startup Fund has raised $175 million for its main fund and secured an additional $114 million through five separate special purpose vehicles, which are investment pools for specific opportunities.

Unlike many sizable tech companies, OpenAI says it doesn’t use the company’s money to invest in startups.  The ChatGPT maker says its OpenAI Startup Fund is raised from outside investors. This includes participation from significant OpenAI backer Microsoft, as well as “other OpenAI partners,” according to the…



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OpenAI’s startup empire: The companies backed by its venture fund


Since its founding in 2021, OpenAI Startup Fund has raised $175 million for its main fund and secured an additional $114 million through five separate special purpose vehicles, which are investment pools for specific opportunities.

Unlike many sizable tech companies, OpenAI says it doesn’t use the company’s money to invest in startups.  The ChatGPT maker says its OpenAI Startup Fund is raised from outside investors. This includes participation from significant OpenAI backer Microsoft, as well as “other OpenAI partners,” according to the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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