In addition to capital, IBM's fund will offer startups the chance to form partnerships and gain expertise in product, engineering, and go-to-market strategies from IBM's team. The company aims to expand its AI partnerships ecosystem, including collaboration with companies that leverage and build on IBM’s AI and data platform, WatsonX.
Key takeaways:
- IBM has launched a $500 million fund to invest in generative AI startups focused on enterprise customers.
- The fund will invest in startups at various stages, from early-stage to hyper-growth, all across the world.
- IBM's fund will not only provide capital but also offer startups the opportunity to develop partnerships and gain expertise on product, engineering, and go-to-market strategies from IBM’s team.
- IBM hopes that the fund will help grow its ecosystem of AI partnerships, including collaboration with companies that leverage and build on IBM’s AI and data platform, WatsonX.