TechCrunch
OpenAI Startup Fund raises additional $5M
The OpenAI Startup Fund, a venture fund that invests in early-stage AI companies and has recently transferred legal control from Sam Altman to Ian Hathaway, has closed on additional $5 million, according to a filing with the U.S. Securities and Exchange Commission. The fresh funds were raised from two investors who transferred the capital into a special purpose vehicle, a legal entity associated with the OpenAI Startup Fund: OpenAI Startup Fund SPV III, L.P. This is the third time the OpenAI Startup Fund has raised an SPV.
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