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Five months after the announcement of a a new $100 million fund called the Anthology Fund, Menlo Ventures and Anthropic have backed their first 18 startups. And they are looking for more.
Menlo says the first 18 were selected from thousands of applicants. It includes recruitment initiatives; independent code; interpretive research (understanding how models make decisions); compliance with fintech and tax software; radiology image analysis and chart review software; non-human cybersecurity; customer engagement programs; and consumer nutrition program. In addition there are eight others accepted into the program that are still confidential, Menlo says.
The software is a cross product between the company’s basic software (eg Introduction to Nvidia or Microsoft for Startups) where founders get funding for operating and educational support, and an incubator where they get interest in building a company and funding. The fund will write checks for $100,000 or more to startups and provide them with up to $25,000 in loans. Anthropic species.
Menlo is a major sponsor of Anthropic and this fund helps both to get into the middle of the next big thing in AI coming in 2025: to focus more than the basic models and architecture of AI and to the new applications on top of them.
“We’re one of the biggest investors in Anthropic and big fans of what they’re doing,” Menlo Ventures partner Tim Tully told TechCrunch in July when the program launched. “We thought that this is an opportunity for us to do something together, where we can see the ecosystem and find the big companies that are building on Anthropic or AI more broadly.”
