Anthropic and Menlo Ventures Partner on $100 Million AI Fund
The VC firm’s new fund will back companies using Anthropic products with money, advice and credits.
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Anthropic is assisting Menlo Ventures with a new $100 million fund for artificial intelligence startups — and its chatbot, Claude, will recommend potential deals.
Menlo Ventures’ Anthology Fund, the latest entrant in a crowded field of new AI backers, is for companies that are using Anthropic’s Claude AI models to build their products. Menlo Ventures, which is one of Anthropic’s investors, will supply all the capital for the fund, with investments starting at $100,000 for early-stage companies, the firm announced Wednesday. Anthropic won’t take a stake in the companies, but will provide networking opportunities and credits for using Claude.