Former OpenAI employees have launched a new venture capital fund named Converge, targeting early-stage artificial intelligence companies. According to regulatory filings and public reports, the fund has a target size of up to $100 million.
The fund is led by partners who previously held key roles at OpenAI, including Sarah Guo, a former board observer and executive. Converge aims to invest in foundational AI infrastructure and application-layer companies, focusing on seed and Series A rounds.
The launch reflects a growing trend of AI talent moving from leading research labs to venture capital, seeking to fund the next generation of AI innovation. The fund's strategy is to leverage the partners' technical expertise and industry networks to identify promising startups.
While the fund has been quietly making investments, its public emergence marks a significant new player in the competitive AI investment landscape. The move underscores the increasing capital flowing into AI ventures from specialized investors with deep domain knowledge.
