The VC firm announced that it has closed Sound Ventures AI Fund, oversubscribed at nearly $240 million. The fund seeks to invest in AI businesses at the foundation model layer. Currently, the fund’s portfolio of companies includes OpenAI, Anthropic and StabilityAI. Kutcher, Oseary and Effie Epstein lead Sound Ventures as general partners.
“We believe this is potentially the most significant technology we will experience since the advent of the internet,” Kutcher said in a statement. “The foundation model layer companies are defining the category, and, in our view, they have the power to transform businesses and everyday life. That is a conversation we want to be in.”
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