Amazon Alexa Fund

The Amazon Alexa Fund, launched in 2015 with an initial $100 million investment, supports startups and entrepreneurs innovating in voice technology and artificial intelligence. Focused on advancing Alexa’s capabilities, the fund primarily backs companies developing solutions for smart home technology, AI-driven applications, and ambient computing. Through strategic investments, Amazon aims to drive forward the potential of voice interaction to enhance everyday life. Notable Alexa Fund investments include companies like Greenlight, which provides financial literacy tools for kids, and SPAN, which integrates smart electrical panels with Alexa for seamless home energy management. The fund also collaborates with organizations such as All Raise and AfroTech to support diverse founders, emphasizing equity and inclusion within tech innovation. Additionally, the Alexa Fund operates programs like the Alexa Accelerator, powered by Techstars, and Alexa Next Stage, to provide mentorship and development resources for emerging voice tech companies. With an eye on the future, the Alexa Fund continues to evolve, incorporating startups focused on unique applications such as assisted reality and personalized ambient experiences, underscoring Amazon's commitment to embedding voice technology across a range of sectors.