Anthropic and Menlo Ventures Launch $100 Million Anthology Fund to Boost Early-Stage AI Startups

Anthropic, an AI safety startup, has teamed up with venture capital firm Menlo Ventures to launch a $100 million fund called the Anthology Fund to invest in early-stage AI startups. The fund is modeled after Apple's iFund from 2008 which was a partnership between Apple and Kleiner Perkins to support developers building for Apple's mobile platforms. Startups will receive $25,000 in credits to use Anthropic's AI technology and coaching and resources from Anthropic. However, Anthropic will not take equity stakes in the startups. The aim is to help more startups adopt AI and, in the process, provide feedback to Anthropic to improve their own products.