MENLO PARK, Calif., July 17, 2024 (GLOBE NEWSWIRE) — Menlo Ventures, a leading venture capital firm, today announced Anthology Fund, a groundbreaking $100 million initiative created in partnership with Anthropic, a cutting-edge artificial intelligence safety and research company. Anthology Fund is designed to partner with innovative founders to build unique AI-first applications and infrastructure solutions leveraging Anthropic’s technology and AI models.
“We are excited to partner with Anthropic to launch Anthology Fund,” said Matt Murphy, Partner at Menlo Ventures. “By combining Menlo’s company building experience with Anthropic’s cutting-edge AI technology and talent, we are uniquely positioned to identify and partner with the most promising entrepreneurs shaping the future of AI.”
Anthology Fund will invest in companies from seed to expansion stage, with investment amounts starting at $100,000. The fund will support select entrepreneurs working on a wide range of innovations in Anthropogenic Technologies, primarily focusing on five key areas:
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AI InfrastructurePromote the use of Claude and other LLMs, including DevX tools and middleware, to accelerate their adoption and capabilities.
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Cutting-edge/new applications of AI Innovations that transform biology, healthcare, law, financial services, supply chain, cloud infrastructure and cyber security. While we focus on these areas, we are also committed to supporting great ideas in all sectors.
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Consumer AI Solutions Transform your user experience by seamlessly integrating LLM as a core component that drives interactions.
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Trusted and secure tools It strengthens AI safety (from the model layer onwards) and provides a scalable, profitable solution for responsible AI deployment.
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AI apps and technologies that maximize social benefits New forms of education/training, job creation solutions, tools to expand accessibility, etc.
Startups supported by the fund will have access to a range of resources including:
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A powerful venture partner: Leverage Menlo’s experienced investors, dedicated services team, and vast network to build your product into a hyperscale-ready business.
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Human Superiority: Leverage pioneering AI research, products, and tools.
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Access to Frontier Models: Take advantage of Anthropic’s cutting-edge AI models with $25,000 in free credits.
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A supportive community: Join a vibrant network of like-minded founders, researchers, and business leaders who have a desire to leverage AI to create positive change.
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Structured Program: You will participate in quarterly in-depth discussions with Menlo Partners and Anthropic’s Developer Relations team to optimize your use of Claude, and you will showcase your progress at semi-annual Demo Days hosted by the Menlo team and Anthropic leaders, including Chief Product Officer Mike Krieger and President Daniela Amodei.
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Additional resources: Enjoy credits from Menlo’s infrastructure partners and split workspace in Menlo’s San Francisco and Menlo Park offices.
“The Anthology Fund is more than just an investment – we see this as an opportunity to advance AI,” said Tim Tully, partner at Menlo Ventures. “We’re not just looking for startups – we’re looking for pioneers who will leverage Anthology’s breakthrough technology to push the boundaries of what’s possible with AI today. Our mission is to empower ambitious founders to create solutions that not only add value, but also fundamentally transform industries and improve lives.”
“Through our partnership with Menlo Ventures and Anthology Fund, we hope to accelerate the development of groundbreaking AI applications. We are particularly interested in ventures that leverage AI to improve human performance and productivity in sectors such as healthcare, legal services, education, energy, infrastructure and scientific research,” said Daniela Amodei, president of Anthropic. “We look forward to working closely with Menlo and the outstanding founders backed by this fund to push the boundaries of what’s possible with AI.”
Interested startups can apply for consideration and receive more information from the Anthology Fund through Menlo Ventures. WebsiteMenlo Partners’ investment team, led by Tim Tully, Matt Murphy, Joff Redfern, Amy Wu, Deedy Das and Venky Ganesan, will work closely with the Anthropic team to help scale Anthology’s startup companies.
About Menlo Ventures:
Menlo Ventures is a venture capital firm that seeks to make a positive impact in everything we do. That’s why we support companies that are reimagining life and work for the better, including Abnormal Security, Anthropic, Benchling, Carta, Chime, Harness, Poshmark, Pillpack, Pinecone, Roku, Rover, Uber, and Warby Parker. For over 47 years, we’ve grown a portfolio that includes more than 80 public companies, more than 165 mergers and acquisitions, and $6.4 billion in assets under management. We leverage our consumer, enterprise, and healthcare expertise to invest at every stage and in every sector to make a real impact for entrepreneurs where they need it most. We’re all in when we get in.
About Anthropic
Anthropic is an AI lab that develops research and products with safety as a top priority. As a public benefit corporation, Anthropic is committed to making the world a safer transition through transformative AI. Their multidisciplinary team builds trustworthy, interpretable, and operational AI systems. Anthropic’s flagship product is Claude, a large-scale language model that offers the best combination of speed and performance.
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