As the race to build generative AI tools for the enterprise heats up, Big Tech companies are investing heavily in startups. Typeface, a company founded in 2022, recently raised $100 million at a $1 billion valuation, with investors including Salesforce Ventures, Alphabet (through its GV investing arm), and Microsoft (through its M12 investing effort). This is interesting because Salesforce and Microsoft have competing CRM products, and Microsoft and Alphabet compete in various areas. This raises the question of where else major corporate venture capital (CVC) investors are putting their money. Overall, Big Tech companies are actively investing in startups.
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