TLDR:
Anthropic, an A.I. startup, is partnering with investor Menlo Ventures to launch a $100 million fund. The fund, called Anthology Fund, will provide investments to innovative startups and use Anthropic’s A.I. technology to recommend deals. Anthropic’s flagship product, Claude, will play a role in selecting startups for the fund. The company was founded by siblings Dario and Daniela Amodei and has earlier been valued at $15 billion. Applications for the fund are open to startups focusing on areas like A.I. infrastructure, healthcare, cybersecurity, and social benefits.
Anthropic, an A.I. startup, is partnering with Menlo Ventures to launch a $100 million fund called Anthology Fund. The fund aims to advance the use of Anthropic’s A.I. technology and bring innovative startups to the VC firm.
Anthropic’s flagship product, Claude, will participate in the Anthology Fund by recommending startups for investment. While Anthropic will not take equity stakes, it will provide startups with its products and credits. Menlo Ventures will make the final decisions on which startups to back.
Founded by siblings Dario and Daniela Amodei in 2020, Anthropic focuses on responsible A.I. Earlier this year, the company was valued at $15 billion after closing a $750 million round led by Menlo Ventures. The fund is open for startups emphasizing A.I. infrastructure, healthcare, cybersecurity, and social benefits.
