The Databricks AI Fund is the second fund at Databricks Ventures.

Databricks AI fund, artificial intelligence

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Databricks Ventures, the strategic investment arm of US-based data and analytics company Databricks, has launched an AI fund.

The Databricks AI Fund team will seek investments in early- and growth-stage startups that are using or enabling AI on top of or alongside its platform, according to a company post.

Over the past several months, Databricks Ventures has invested in six AI-focused startups: Anomalo, Cleanlab, Glean, Mistral AI, Perplexity and Unstructured.

Databricks Ventures was founded in 2021. The firm invests in early- and growth-stage companies focusing on data, analytics and AI sectors. Databricks Ventures has 24 companies in its portfolio including Matillion, Lovelytics and Labelbox.