Anthropic partners with Menlo Ventures to launch a $100 million fund to accelerate the development of groundbreaking AI applications.

The artificial intelligence startup Anthropic announced yesterday, the 17th, that it will collaborate with the venture capital firm Menlo Ventures to establish a new $100 million fund called "Anthology Fund", aimed at accelerating the development of AI applications utilizing Anthropic technology.

Anthropic's New Fund "Anthology Fund"

Anthropic's latest announcement reveals that the company has partnered with venture capital firm Menlo Ventures to launch a $100 million fund to support AI startups.

The company stated that AI companies supported by the Anthology Fund will have access to Anthropic's existing products and research reports, receive a $25,000 grant, as well as support and other benefits from Menlo Ventures:

Through collaboration with Menlo and Anthology Fund, we hope to accelerate the development of breakthrough AI applications.

Additionally, Anthropic disclosed its interest in certain areas, which may increase the likelihood of approval for applicants:

1. 1. AI infrastructure
   2. New applications of AI in healthcare and education
   3. Consumer AI solutions
   4. Trust and security tools
   5. AI applications and technologies that maximize social benefits

Menlo Ventures partner Matt Murphy also welcomed applications from companies in a statement:

By combining Menlo's fundraising experience with Anthropic's AI technology, we are uniquely positioned to identify the most promising entrepreneurs and collaborate with them to shape the future of AI development.

Finally, Anthropic stated that they will not hold shares in companies funded by the fund but may consider them as potential acquisition targets in the future.

Application Link: https://menlovc.com/anthology-fund-application/

Background of Anthropic

Anthropic, founded by CEO Dario Amodei, a former researcher at competitor OpenAI, was established following Microsoft's initial investment in OpenAI, leading to commercialization and diverging paths in development direction.

Anthropic, born in 2021, developed an AI chatbot named "Claude," widely seen as a competitor to OpenAI's ChatGPT.

Just yesterday, Anthropic also announced that following the iOS app launch in May, Android users can now experience Claude on their mobile devices.

Backed by FTX, Google, Amazon

As a highly anticipated AI unicorn, Anthropic has received investments since 2022 from bankrupt exchange FTX founder SBF, Google, South Korean SK Telecom, and Amazon, with a total fundraising amount exceeding $3.3 billion, according to financial records.

Google and Amazon, as major shareholders, have pledged to invest a total of $4 billion and $2 billion, respectively.

Previously, for repayment purposes, FTX fully sold its 8% stake in the company last month, garnering a total of $1.3 billion.

SBF's investment in AI startup Anthropic sees a fivefold valuation increase, giving FTX clients the chance to recoup more funds!