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Salesforce Launches $50 Million Fund for AI Startups

September 21, 2017

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Salesforce announced a new $50 million venture fund for startups to innovate with AI technology. The goal is to encourage AI startups to develop artificial intelligence solutions that work together with the Salesforce platform. The Salesforce AI Innovation Fund, part of Salesforce Ventures, has already made investments in three AI startups.

Salesforce (NYSE: CRM) is placing big emphasis on AI and machine intelligence. One year ago the company launched Einstein, Salesforce’s artificial intelligence engine. Einstein provides predictive sales forecasting, and uses machine intelligence to score sales opportunities and gain insights from emails.

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