Menlo Ventures launched a $100M #AI fund called Anthology Fund, partnering with #OpenAI competitor #Anthropic. The fund backs AI-first apps and infrastructure, focusing on infrastructure, novel applications, consumer experiences, trust and safety, and societal benefits. Investments will start at $100K. Competition to OpenAI should be seen as a positive, given their large contracts with #Microsoft and #Apple, making early disruption of a potential monopoly formation necessary.
Open AI ------ Anthology Fund
Startups interested in applying for funding from the Anthology Fund can do so through an online application form. Menlo Ventures will use their proprietary machine learning tool to evaluate and rank the applications.The fund offers initial investments starting at $100,000 and provides $25,000 worth of credits to use Anthropic’s models. This support can be valuable for startups looking to leverage advanced AI technologies and scale their innovative solutions.