Key Points:
According to TechCrunch, Anthropic, an AI company, raised over $750 million in an ongoing financing round, with investment from Menlo Ventures.
Menlo Ventures and Anthropic announced the launch of the $100 million Anthology Fund, aimed at pre-seed and Series A AI companies.
Anthropic AI funding update: Menlo Ventures invests in Anthropic, leading a $750M round and launching the $100M Anthology Fund for AI startups.
Insider: Anthropic AI Funding Surpasses $750M With Menlo Ventures' Investment
According to TechCrunch, Anthropic, an AI company, was invested in by Menlo Ventures, a major venture capital company in Silicon Valley. In the ongoing, unannounced financing round, Anthropic has already raised over $750 million, and Menlo Ventures also invested some of its capital in this space.
Anthropic AI Funding Attracts Major Investment from Menlo Ventures
On Wednesday, Menlo Ventures and Anthropic announced their partnership in launching the $100 million Anthology Fund. The fund will target company investments in artificial intelligence's pre-seed and Series A development stages.
That includes leading a $750 million investment recently made by Menlo Ventures, giving the firm the top slot among those on record as backing Anthropic; the Anthology Fund capital comes from Menlo's largest vehicle to date, a $1.35 billion fund the firm closed last November, confirmed Matt Murphy, a partner at Menlo Ventures.
Murphy said he's a big believer in Anthropic: "We're one of the biggest investors in Anthropic and huge fans of what they're doing. We saw this as an opportunity to collaborate, support the ecosystem, and find great companies focusing on Anthropic or AI in general."
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Anthropic and Menlo Ventures Launch $100 Million Anthology Fund
Anthology Fund is built on top of the foundation of investment by Menlo Ventures and the close relationship with Anthropic in search of appropriate AI-first startups to invest in. The fund will write checks to start-ups, starting at $100,000 and $25,000 of credits to use Anthropic's models.
Applications to the fund will be accepted online. The applications will be scored and then ranked using Menlo Ventures' proprietary machine learning tool; diligence for the investment will be much quicker than a typical round.
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