According to ChainCatcher, venture capital firm Greylock has launched a new $1 billion fund to invest in early-stage startups. At the same time, 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 size of US$1 billion. Greylock stated in its blog that it has been committed to artificial intelligence investment for a decade, and this commitment has been continued in the 17th fund.

According to RootData, Greylock is a Silicon Valley-based venture capital firm that manages more than $3.5 billion in committed capital. Greylock has invested in 15 blockchain projects including Coinbase, Magic Eden, and 0x.