Another day and another AI fund debuts.
announced the launch of its $100 million AI fund 鈥� named the Anthology Fund 鈥� in partnership with generative AI startup and competitor, .
The new fund will look to back founders building AI-first applications and infrastructure solutions that leverage Anthropic鈥檚 technology and AI models.
Investments will concentrate on 鈥� but won鈥檛 be limited to 鈥� five areas of AI: infrastructure, frontier/novel application, consumer experiences, trust and safety and solutions that maximize societal benefits. The fund will invest from seed to expansion stages, with investments starting at $100,000.
鈥淔rom our earliest meetings with Anthropic when we first invested in early 2023, we were impressed by their team鈥檚 caliber and commitment to world-changing, safe AI innovation,鈥� wrote Menlo鈥檚 and in a .
鈥淲ith the Anthology Fund, we鈥檝e teamed up to further our commitment to the most imaginative AI pioneers,鈥� they continued.
Menlo took part in Anthropic鈥檚 Series C in 2023 and earlier this year led a $750 million round in Anthropic.
Another AI fund
While Anthropic will not take a stake in the companies the fund invests in, an AI or big tech company helping to create an AI-specific fund has become the norm.
The OpenAI Startup Fund was launched in 2022, investing $175 million raised from OpenAI partners. OpenAI itself is not an investor.
Last year, 鈥� 鈥檚 venture arm 鈥� announced a Generative AI Fund to $500 million. The firm is an investor in .
In May, a new Databricks AI Fund as part of .
Related reading:
Illustration:
Salesforce Ventures is an investor in 附近上门. It has no say in our editorial process. For more, head here
Stay up to date with recent funding rounds, acquisitions, and more with the 附近上门 Daily.
![Illustration of a guy watering plants with a blocked hose - Global [Dom Guzman]](/wp-content/uploads/quarterly-global-3-300x168.jpg)
67.1K Followers