Venture capital firm Greylock launches new $1 billion fund to invest in early-stage startups

Odaily Planet Daily News Venture capital firm Greylock has launched its 17th fund worth US$1 billion to invest in early-stage startups. Meanwhile, Greylock also announced a new program called Greylock Edge, a three-month company-building program for pre-idea, pre-seed and seed founders that will also include some type of “Flexible” funding. It is reported that Greylock announced the launch of its 16th fund in September 2020, with a total scale of US$1 billion. Greylock stated in its blog that it has been committed to artificial intelligence investment for ten years, and this commitment has been continued in the 17th fund. Greylock is a Silicon Valley-based venture capital institution with more than $3.5 billion in committed capital under management, according to RootData. Greylock has invested in 15 blockchain projects including Coinbase, Magic Eden, and 0x.