Since its inception in 2021, OpenAI Venture Fund has raised $175 million for its main fund and an additional $114 million through five separate special purpose vehicles, which are pools of capital targeted at specific investment opportunities.


Unlike many large technology companies, OpenAI said it will not use its own funds to invest in startups. The developer of ChatGPT said its OpenAI venture fund was raised from external investors. According to the fund’s website, this includes participation from Microsoft, an important supporter of OpenAI, as well as “other OpenAI partners.”

According to research from data providers PitchBook, Crunchbase and TechCrunch, the OpenAI Venture Fund, managed by a dedicated team, has invested in more than a dozen start-ups so far.

Here are the companies that have announced investments from the OpenAI Venture Fund, in alphabetical order:

1.1X: This Norwegian humanoid robot start-up received US$23.5 million in investment led by OpenAI Venture Fund and Tiger Global in early 2023. However, when the company announced a $100 million Series B round in January this year, the OpenAI Fund was not listed as a participant.

2.AmbienceHealthcare: This start-up that uses artificial intelligence for medical records announced a $70 million Series B round of financing in February 2024, co-led by OpenAI Fund and Kleiner Perkins. Ambience is one of a number of startups developing artificial intelligence medical transcribers, including Abridge, Nabla, Suki and Microsoft-owned Nuance.

3.Anysphere (i.e. Cursor): In October 2023, OpenAI Fund led an $8 million seed round of financing from Anysphere, the developer of the artificial intelligence coding assistant Cursor. OpenAI was not listed as an investor in the company's subsequent funding rounds.

4. ChaiDiscovery: This start-up, which develops open source artificial intelligence basic models for drug research and development, received a US$30 million seed round of financing led by ThriveCapital and OpenAI Fund in September last year. The deal values ​​ChaiDiscovery, which is just six months old, at $150 million.

5. ClassCompanion: This educational technology startup received $4 million in seed funding in 2023 from the OpenAI Fund and a group of angel investors. It helps teachers quickly provide personalized feedback to students.

6. Descript: Shortly after the launch of ChatGPT in late 2022, this collaborative audio and video editing platform received $50 million in Series C financing led by OpenAI Fund. Other investors in the round include Andreessen Horowitz, Redpoint Ventures, Spark Capital and former Y Combinator partner Daniel Gross. Since the Series C round of financing, Descript has not announced any other financing.

7. FigureAI: Figure, an artificial intelligence robot start-up, received US$675 million in Series B financing from investors such as Nvidia, OpenAI Fund, and Microsoft in February 2024. This round of funding brings the company’s valuation to $2.6 billion. FigureAI is reportedly in talks to raise $1.5 billion at a $39.5 billion valuation.

8. GhostAutonomy: According to PitchBook data, this autonomous driving software developer received US$55 million in Series E financing in April 2023, of which OpenAI Fund invested US$5 million. But the investment was unsuccessful. A year later, the company folded.

9． HarveyAI: This legal technology startup received $21 million in Series A financing from investors including the OpenAI Fund in April 2023. The fund has also participated in three subsequent rounds of funding, including a $300 million Series D round last month that valued Harvey at $3 billion.

10． Heeyo: Heeyo, an educational artificial intelligence chatbot for children, announced in August that it received $3.5 million in financing from OpenAI Fund, Alexa Fund, PearVC and other investors.

11. Kick: This company is developing an artificial intelligence agent that it says can "autonomously drive" the accounting process. In October, it received $9 million in seed funding co-led by General Catalyst and OpenAI Fund.

12． Mem: This artificial intelligence note-taking application startup received US$23.5 million in Series A financing led by OpenAI Fund in November 2022. Mem has not announced any subsequent financing rounds since then.

13． Milo: This startup is developing an AI-powered personal assistant to help parents organize and track their children’s activities. Milo has received an undisclosed amount of pre-seed and seed funding from the OpenAI Fund, YCombinator and other investors.

14. PhysicalIntelligence: Physical Intelligence, a start-up that develops basic software for robots, received US$70 million in seed round financing in March last year. OpenAI Fund participated and continued to invest in the company’s $400 million Series A round, which valued the company at more than $2 billion. Other investors in the latest round include LuxCapital, Sequoia and Jeff Bezos.

15． Speak: This artificial intelligence language learning application developer received $27 million in Series B financing led by OpenAI Fund in November 2022. In December, the fund participated in Speak's $78 million Series C round, which valued the company at $1 billion.

16. ThriveAI: "Huffington Post" founder Arianna Huffington (Arianna Huffington) and the OpenAI Venture Fund announced in July last year that they jointly invested in and founded this "artificial intelligence health coach" start-up. ThriveAI plans to raise $10 million, according to a regulatory filing.

17． Unify: The sales technology startup raised approximately $19 million in seed and Series A funding from OpenAI Venture Fund, Thrive Capital, and Emergence.