Menlo Ventures, in collaboration with Anthropic, has launched a $100 million fund aimed at fostering AI startups. The initial 18 companies were chosen from thousands.
This program resembles corporate startup initiatives, offering startups valuable resources including a $100,000 investment and $25,000 credits for Anthropic models, focusing on future AI applications.
Tim Tully emphasized the partnership saying, 'We thought this was an opportunity for us to do something together, where we can see the ecosystem and find great companies...'
The Anthology Fund focuses on emerging applications and innovations in AI, moving beyond fundamental models and infrastructure towards practical, consumer-facing AI solutions.
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