Cisco launched a $1 billion AI investment fund to support startups in generative AI and large language models (LLMs).
Jun 04, 2024•about 1 year ago
Amount Raised
$1 Billion
Investors
Cisco
Description
Cisco launched a $1 billion AI investment fund to support startups in generative AI and large language models (LLMs), and also announced its backing of Cohere, Mistral AI, and Scale AI, startups valued in the billions as a result of ongoing fundraising sprees.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers