According to TechFlow, venture capital firm Greylock has launched a new $1 billion fund to invest in early-stage startups and 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 Fund No. 16 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 Fund No. 17.