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Silicon Valley VC firm Menlo Ventures , one of the giving investor in artificial intelligence information startup Anthropic , on Wednesday said the two companies are teaming up to correct up a $ 100 million initiative dubbed “ the Anthology Fund ” to invest in pre - seed , seed and Series A artificial intelligence activity ship’s company .
Menlo recently climb to the top of Anthropic ’s listing of angel , closing a yet - to - be - announced , over $ 750 million financial support round in the foundation garment modelling company , allot to a source intimate with the subject .
The capital for the Anthology Fund total after Menlo closed itslatest $ 1.35 billion fomite , which the firm raised last November , Tim Tully , a pardner at Menlo Ventures , told TechCrunch . ( Menlo PR state us after publication that the precise generator of funds for this is still in discussions with LPs . )
“ We ’re one of the biggest investors in anthropical and vast fans of what they ’re doing , ” Tully say . “ We thought this was an opportunity for us to do something together , where we can see the ecosystem and find great company that are building on Anthropic or AI more loosely . ”
The venture firm is basically leverage its investiture and close family relationship with one of the earth ’s most prominent foundational model company to identify interesting AI - first startup for future investments .
The Anthology Fund will compose checks starting at $ 100,000 in startups and provide them with $ 25,000 worth of credits to use Anthropic ’s models .
The store is accepting applicationsfrom startups through an on-line form . Menlo will employ the firm ’s proprietary machine learning tool to score and social station software , Tully enjoin , total that the software process on these companies is expect to be more “ lightweight ” than for a typical investment by the firm .
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Menlo will back any subsequent rounds raised by assure Anthology Fund companies , Tully say .
