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OpenAI Startup Fund

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From Wikipedia, the free encyclopedia

OpenAI Startup Fund
TypePrivate
IndustryVenture capital
FoundedMay 2021; 5 years ago (2021-05)
FoundersSam Altman
HeadquartersSan Francisco, California, U.S.
Key peopleIan Hathaway (general partner)
AUMUS$575 million committed (2026)
Websiteopenai.fund

The OpenAI Startup Fund is an American venture capital fund affiliated with OpenAI. Founded in 2021 and headquartered in San Francisco, the fund invests in early-stage companies applying artificial intelligence to fields such as healthcare, law, education, energy and the sciences.[1] Its capital originally came from outside limited partners including Microsoft.[1][2]

History

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The OpenAI Startup Fund was announced in May 2021 with an initial size of $100 million, later increased to $175 million in committed capital.[1][3][4] Ian Hathaway, previously an investor at the seed firm Haystack, joined OpenAI in 2021 to manage the fund.[5]

In August 2026, the Wall Street Journal reported that OpenAI intended to raise a second venture vehicle of $400 million, this time however with OpenAI itself as the sole investor.[6]

References

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  1. 1 2 3 "About". OpenAI Startup Fund. Retrieved September 15, 2026.
  2. ↑ Hart, Robert (April 2, 2024). "Sam Altman Cut From OpenAI's Startup Fund—Here's What The ChatGPT Maker Invests In". Forbes. Retrieved September 15, 2026.
  3. ↑ "OpenAI Startup Fund quietly raises $15M". TechCrunch. April 26, 2024. Retrieved September 15, 2026.
  4. ↑ "OpenAI Startup Fund's First Investments: Humanoid Robots, Virtual Paralegals and More". Newsweek. July 23, 2024. Retrieved September 15, 2026.
  5. ↑ "Sam Altman gives up control of OpenAI Startup Fund, resolving unusual corporate venture structure". TechCrunch. April 1, 2024. Retrieved September 15, 2026.
  6. ↑ Schneider, Michael (August 28, 2026). "OpenAI Is the Sole Investor in its Latest Venture Fund". WSJ. Retrieved September 15, 2026.
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