Menlo Ventures and Anthropic team up on a $100M AI fund

July 17, 2024: Menlo Ventures and Anthropic Launch $100M AI Fund - Menlo Ventures and AI startup Anthropic have established the Anthology Fund, a $100 million initiative to support pre-seed, seed, and Series A AI companies. The fund, derived from Menlos $1.35 billion vehicle, will offer $100,000 investments and $25,000 Anthropic credits to startups. Applications are being processed via an online form, assessed by Menlos proprietary machine learning tool for a streamlined diligence process. Menlo will continue to back promising companies through subsequent funding rounds.