Based in Beverly Hills Sound Ventures LLC Pour capital into artificial intelligence.
Co-founded by an actor and a venture capitalist Ashton Kutcher talent manager and investor Guy Oseary, the venture capital firm announced it would launch a new $240 million AI fund. Since the foundation of the fund in early May, the company has Open AI, stable love And as of last week, human.
Sound Ventures said its initial plan was to back only six companies, which would make the investment capital very concentrated.
“We expect AI to play an influential role in everything we do, including entertainment, an industry we are all familiar with,” Auseary said in a statement. “The companies we are backing will be at the forefront of this powerful innovation. I am excited to be able to support them responsibly.”
Sound Ventures manages over $1 billion in assets. Active investments include an East Hollywood-based social media platform. pair pop Fraud prevention and compliance software company sardine. Notable exits include: Airbnb Inc., duolingo, Poshmark, spotify, warby hoodie and Uber Technologies Inc.
San Francisco-based Anthropic raised $450 million in its recent Series C funding round. spark capital, Sound Ventures and others participated. Anthropic, founded in 2021 by a group of former OpenAI executives, is a generative AI company that develops machine learning and language models. The company has a chatbot named “Claude” in its product. Google has reportedly invested about $300 million in Anthropic, though the amount of Sound Ventures’ investment in the company has not been disclosed.
Anthropic’s CEO said, “We are thrilled to have these leading investors and technology companies support Anthropic’s mission of AI research and products that put safety at the forefront.” . Dario Amodei said in a statement. “The system we are building is designed to deliver reliable AI services that can positively impact businesses and consumers today and in the future.”
Sound Ventures’ AI fund will operate and invest in parallel with existing early-stage funds. The company said it has invested in AI since its inception.
“We believe this moment in history will determine the trajectory of this technology.” Effie Epsteinsaid a managing partner at Sound Ventures in a statement. “Our team is well positioned to continue to invest in and support great founders who are thoughtfully shaping the future through artificial intelligence.”
