According to Foresight News, Tate Berenbaum launched AO Ventures, a 10-week incubator program, to promote the development of Arweave and AO. Foresight News reported in September 2022 that Community Labs, a software company and venture capital studio aimed at supporting Arweave ecosystem projects, completed a $30 million financing led by Lightspeed Venture Partners, with participation from Arweave, Bain Capital Crypto and Blockchain Capital. The company's founder, Tate Berenbaum, is only 19 years old.