Menlo Ventures And Anthropic Launching $100 Million Anthology Fund For Accelerating AI Innovation

By Amit Chowdhry • Jul 17, 2024

Venture capital firm Menlo Ventures announced the Anthology Fund, a groundbreaking $100 million initiative created in partnership with Anthropic, which is the frontier AI safety and research company. The Anthology Fund looks to partner with innovative founders for building unique AI-first applications and infrastructure solutions that leverage Anthropic’s technology and AI models.

The Anthology Fund will invest in companies from seed to expansion stages, with investments starting at $100,000. This fund will back selected entrepreneurs innovating broadly with Anthropic technologies, primarily focused on 5 key areas:

1.) AI infrastructure – including DevX tools and middleware – that advances the use of Claude and other LLMs, accelerating their adoption and capabilities.

2.) Frontier/Novel applications of AI transforming bio, healthcare, legal, financial services, supply chains, cloud infrastructure, and cyber security. These areas are highlighted, but they are also committed to backing ideas across all sectors.

3.) Consumer AI solutions transforming the user experience by seamlessly integrating LLMs as core components driving interactions.

4.) Trust and safety tooling (at or above the model layer) enhancing AI safety and offers scalable, profitable solutions for responsible AI deployment.

5.) AI apps/tech that maximize societal benefits like new forms of education/training, job creation solutions, and tools that expand accessibility.
Startups backed by this fund gain access to a suite of resources, including a strong venture partner; Anthropic Advantage (utilize pioneering AI research, products, and tools); frontier model access (Access to Anthropic’s most advanced AI models with $25,000 in free credits); a collaborative community; and a structured program.

This program includes progress updates at the bi-annual demo day hosted by the Menlo team and Anthropic leaders like Chief Product Officer Mike Krieger and President Daniela Amodei. And the program also includes credits from Menlo’s infrastructure partners and fractional workspace in Menlo’s San Francisco and Menlo Park offices.

The investment team, led by Menlo Partners Tim Tully, Matt Murphy, Joff Redfern, Amy Wu, Deedy Das, and Venky Ganesan, will work closely with the Anthropic team to support Anthology startups as they scale.

KEY QUOTES:

“We are thrilled to join forces with Anthropic to launch the Anthology Fund. By combining Menlo’s company-building experience with Anthropic’s cutting-edge AI technology and talent, we are uniquely positioned to identify and partner with the most promising entrepreneurs shaping the future of AI.”

– Matt Murphy, Partner at Menlo Ventures

“The Anthology Fund represents more than investing—we see this as an opportunity to drive AI forward. We’re not just looking for startups; we’re seeking pioneers who will harness Anthropic’s groundbreaking technology to shatter the limits of what is possible today through AI. Our mission is to empower ambitious founders to create solutions that don’t just drive value but fundamentally reshape industries and improve lives.”

– Tim Tully, partner at Menlo Ventures

“Through our partnership with Menlo Ventures and the Anthology Fund, we hope to accelerate the development of groundbreaking AI applications. We’re particularly interested in ventures that leverage AI to enhance human capabilities and productivity in fields such as healthcare, legal services, education, energy, infrastructure, and scientific research. We look forward to working closely with Menlo and the exceptional founders backed by this Fund to push the boundaries of what’s possible with AI.”

– Daniela Amodei, President of Anthropic