Simply 5 months after saying a brand new $100 million fund referred to as the Anthology Fund, Menlo Ventures and Anthropic have sponsored their first 18 startups. And they’re searching for extra. Menlo says the primary 18 had been decided on from hundreds of candidates. It contains recruitment tasks; impartial code; interpretive analysis (working out how fashions make selections); compliance with fintech and tax tool; radiology symbol research and chart assessment tool; non-human cybersecurity; buyer engagement systems; and client diet program. As well as, there are 8 others permitted into this system which might be nonetheless confidential, Menlo says. This system is one thing of a move between a startup program (comparable to Nvidia’s Inception or Microsoft for Startups), the place startups get running capital and coaching improve, and an incubator the place they get hobby in construction an organization and making an investment. The fund will write assessments for $100,000 or extra to startups — from seed to Sequence B — and provides them as much as $25,000 in Anthropic manufacturers. Menlo is the most important supporter of Anthropic, and this fund is helping everybody get in at the subsequent giant factor in AI coming in 2025: staring at kids past the fundamental fashions and structure of AI and the brand new systems on most sensible of them. “We are some of the largest buyers in Anthropic and massive fanatics of what they are doing,” Menlo Ventures spouse Tim Tully advised TechCrunch in July when this system introduced. “We concept that this is a chance for us to do one thing in combination, the place we will be able to see the ecosystem and to find the large corporations which might be construction on Anthropic or AI extra extensively.”
