The OpenAI Startup Fund, a venture fund investing in early-stage AI companies, has raised an additional $5 million, transferred legal control to Ian Hathaway after Sam Altman, and operates using special purpose vehicles (SPVs) for investments, including OpenAI Startup Fund SPV III, L.P.
The fund, backed by external limited partners like Microsoft, has previously raised SPVs totaling $25 million. It has supported various startups, including those like Harvey, Ambiance Healthcare, Figure AI, and Ghost Autonomy, while continuing to expand its portfolio.
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