Sunday, 7 September 2025
29.6 C
Singapore
27.1 C
Thailand
19.5 C
Indonesia
27.5 C
Philippines

How OpenAI is shaping the future with its startup investments

OpenAI’s Startup Fund has backed multiple AI-driven startups across industries, raising millions to support innovation in robotics, healthcare, and more.

Since its launch in 2021, the OpenAI Startup Fund has raised US$175 million for its main fund and an additional US$114 million through five special purpose vehicles—investment pools created for specific opportunities.

Unlike other large tech companies, OpenAI does not invest in startups using its own money. Instead, the OpenAI Startup Fund is backed by external investors, including Microsoft, one of OpenAI’s biggest supporters, along with other OpenAI partners, according to the fund’s website.

How OpenAI is investing in startups

OpenAI has backed companies across a range of industries, including robotics, healthcare, education, and legal tech. Here are some of the key startups that have secured investment from the OpenAI Startup Fund:

  • 1X – A Norwegian robotics company that raised US$23.5 million in early 2023, with OpenAI’s fund and Tiger Global’s leading investment. However, OpenAI was not named as a backer in its US$100 million Series B round in January 2024.
  • Ambience Healthcare – An AI-powered medical note-taking startup that secured US$70 million in a Series B round in February 2024, co-led by OpenAI’s fund and venture capital firm Kleiner Perkins.
  • Chai Discovery – A biotech startup focusing on AI-driven drug discovery, which secured US$30 million in a seed round in September 2023.
  • Descript – An AI-driven audio and video editing platform that raised US$50 million in a Series C round led by OpenAI’s fund in late 2022.
  • Figure AI – A robotics company focused on AI-driven humanoid robots, which raised US$675 million in a Series B funding round in February 2024. The deal valued Figure AI at US$2.6 billion.
  • Harvey AI – A legal tech startup that raised US$21 million in a Series A round in April 2023, with backing from OpenAI’s fund. The fund also participated in later rounds, including a US$300 million Series D in May 2024, which valued Harvey AI at US$3 billion.

The impact of OpenAI’s investments

OpenAI’s financial backing is helping startups develop cutting-edge AI applications across different sectors. Companies like Ambience Healthcare and Harvey AI use AI to transform industries such as medicine and law, while robotics firms like 1X and Figure AI are advancing automation and humanoid robotics. The investments indicate OpenAI’s strategy of supporting innovative startups that align with its vision of AI-driven progress.

What’s next for OpenAI’s Startup Fund?

With a growing portfolio of funded companies, OpenAI’s Startup Fund continues to expand its influence. Its investments in AI-driven startups highlight its commitment to shaping the future of artificial intelligence. As more startups emerge, OpenAI will likely continue to invest in new ventures that push the boundaries of AI technology.

Hot this week

Global Anti-Scam Summit Asia 2025 launches major initiatives to fight online fraud

Global Anti-Scam Summit Asia 2025 in Singapore unveils new initiatives to fight scams with technology, funding, and cross-border collaboration.

Garmin launches fēnix 8 with first-ever MicroLED smartwatch display

Garmin debuts the fēnix 8 MicroLED, the world’s brightest smartwatch with advanced features for athletes and adventurers.

Neo4j launches Infinigraph as most scalable graph database

Neo4j launches Infinigraph, a new graph database architecture designed to unify transactions and analytics at over 100TB scale.

FairPrice Group opens AI-powered Store of Tomorrow at Punggol Coast Mall

FairPrice Group has opened the world’s first AI-powered supermarket at Punggol Coast Mall, transforming shopping and staff experiences.

AI-generated music earns record deal for UK creator

British artist Oliver McCann, known as imoliver, signs a record deal for AI-generated music, sparking debate on AI’s role in the industry.

OpenAI to launch job platform and AI certification scheme

OpenAI will launch an AI job platform and certification scheme to help employers find talent and upskill job seekers.

Meta improves threaded posts on Threads with clearer design

Meta is updating Threads with clearer thread labels, numbered posts, and new layout tools to improve user experience.

US court rules Google can keep Apple deal but must share search data with rivals

A US court ruled Google can keep its Apple deal but must share search data with rivals, marking a key antitrust decision.

ECOVACS unveils DEEBOT X11 with PowerBoost and expands service robot portfolio at IFA 2025

Ecovacs launches DEEBOT X11 with PowerBoost and expands its service robot lineup with ULTRAMARINE at IFA 2025.

Related Articles

Popular Categories