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Amazon started the Alexa Fund in 2015 toback former - level voice startups . With the advent of bombastic lyric models and Amazon found Gen AI - powered Alexa+ , along witha family of multimodal AI models , the fund now wants to diversify its scope and invest more in AI startups .
In a blog situation Amazon shared with TechCrunch ahead of publishing , Alexa Fund leader Paul Bernard excuse that the company now wants to endow in areas including artificial insemination - enabled hardware and smart broker .
“ While the Alexa Fund ’s mission has develop beyond the initial focus on voice technology over the years , the speedy development in AI present an flection dot that allow for the Fund to embrace new technology while still do its original mission , ” Bernard said .
“ As such , the Fund has been investing in startups that advance the state - of - the - nontextual matter in AI - enabled computer hardware , generative medium , sassy agents , emerge AI architectures , and more . To dive deeply into this evolving investing scheme , we met with Paul Bernard , director of the Alexa Fund , to ask him about the Fund ’s renewed charge and its late investments . ”
The investment trust has invested in four novel startups working in different areas :
For Amazon , these startups also become a way to put its cloud and AI hatful to use . Many of these startups get former admission to private genus Apis and SDKs of Amazon and become a test ground for the eastward - DoC companionship . Amazon also say that it provides access code to aged execs or opportunity with Amazon Business .
All major caller working in AI are trying to fund promising inauguration that can use their AI manakin . OpenAI ’s startup fund has backednumerous companies in the health care , robotics , edtech , and originative putz sectors . Anthropic partnered withMenlo Ventures to create an investment funds vehicle for inauguration . Google also recently backed companies like thelock screen platform Glanceand thewebtoons program Toonsutraand provided them access to dissimilar AI models .
