The OpenAI Startup Fund is not directly affiliated with OpenAI, but is affiliated with the company.
The fund raised $175 million last year to invest in artificial intelligence companies.
Since then, he has co-led investments in legal technology startup Harvey and healthcare company Ambiance, among other companies.
This is a machine translation of an article from our American colleagues at Business Insider. Automatically translated and reviewed by an editor.
OpenAI's venture capital fund recently raised $10 million (equivalent to €9.3 million) from two unnamed investors through a special purpose vehicle (SPV), according to an SEC filing.
The OpenAI Startup Fund is related to OpenAI, but is technically a separate entity. So far the fund has been collected $175 million (equivalent to €162 million) “to help AI companies make a profound and positive impact on the world.”
The fund's previous deals were the same An investment of 80 million dollars (equivalent to €74 million) in and participating in legal technology startup Harvey An investment of 70 million dollars (equivalent to 65 million euros) in Ambience Healthcare.
Money flows into a special purpose vehicle
OpenAI Startup Fund SPV I, LP was enough SEC filing On February 2nd. $10 million was raised on January 30. The disclosure mentions Ian Hathaway, a partner at the company's venture capital fund, and Bobby Wu, a corporate lawyer at OpenAI.
An SPV is a financial structure that allows a group of investors to pool their money for a single, one-time investment. means Can be applied more quickly than a traditional venture capital fund. It can also be marketed to a larger number of non-institutional investors.
It's unclear what the $10 million was for or why the OpenAI Startup Fund created a special purpose vehicle just eight months after raising $175 million for its main fund. OpenAI and Startup Fund did not respond to Business Insider's requests for comment.
Read the original article Interested in trade
“Alcohol buff. Troublemaker. Introvert. Student. Social media lover. Web ninja. Bacon fan. Reader.”
More Stories
Corporate Bankruptcy in the USA: Chapter 11 is very popular
Pun: What is the funniest brand name in the UK?
frap | An American company buys the Crans Montana ski resort