Official announcements from the startup, Menlo Ventures, or Anthropic; TechCrunch or other major financial news outlets

Menlo Ventures and Anthropic Launch $100M Anthology Fund to Compete with OpenAI

Jul 17, 2024, 02:49 PM

Menlo Ventures and Anthropic have announced the launch of a $100 million AI fund named the 'Anthology Fund.' This initiative aims to invest in pre-seed and Series A AI startups, providing significant financial backing and resources to early-stage companies in the artificial intelligence sector. The fund is designed to support innovative entrepreneurs and leverage Anthropic's advanced AI technology. Additionally, startups funded by the Anthology Fund will receive $25,000 in credits and direct support from Anthropic. This collaboration is seen as a strategic move to compete with other major players in the AI industry, including OpenAI.