**Anthropic and Menlo Ventures Launch $100M AI Fund**

Anthropic, the AI startup known for its chatbot Claude, has teamed up with Menlo Ventures to create a $100 million fund aimed at supporting emerging AI firms. Announced on July 18, the Anthology Fund will back startups innovating with generative AI technology.

Key areas of support include:

- AI infrastructure

- Applications in healthcare and education

- Consumer AI solutions

- Trust and safety tools

- AI tech for societal benefits

Beneficiaries will gain access to Anthropic's products, research, and $25,000 in AI model credits, along with additional support from Menlo Ventures. This initiative follows Menlo's recent $1.35 billion funding round to boost the next wave of AI companies.