Anthropic ties with Menlo Ventures to increase AI apps development

Anthropic – an AI startup has joined forces with Menlo Ventures to boost the development of artificial intelligence apps. Both parties launched a $100 million fund called “Anthology Fund”. The aim is to fuel AI startups with better solutions.

The Anthology Fund has certain benefits for new AI startups. For instance, every startup will get an investment of $100K and up. They can also access Anthropic products like the Claude AI model as well as other research-based technologies.

Startups can further gain up to $25000 free credits and best-in-class venture support from Menlo. Other perks include Anthropic guidance, experts and developer relations, seamless networking with other AI firms, frequent meetings, and more.

Anthropic says that its new partnership with Menlo Ventures expects a boost in AI apps development. The company further adds that it is quite interested in more such deals that can lead to AI enhancements for human welfare and productivity.

The Co-founder and President of Anthropic – Daniela Amodei states:

“We look forward to working closely with Menlo and the exceptional founders backed by the Fund to push the boundaries of what’s possible with AI.”

Anthropic ties with Menlo Ventures to increase AI apps development (Image Credits: Menlo Ventures)

Anthology Fund is mainly built to help AI startups in five significant aspects. The list counts:

• AI infrastructure: DevX tools that leverage AI LLM models usage.
• Novel AI apps: Related to healthcare, education, scientific research, and more. The idea is to expand AI innovation in every sector.
• Consumer AI solutions: Solutions that can easily integrate into LLMs and create better interaction.
• Loyal and safety tools: Tools that can provide AI safety as well as look after responsible AI deployment
• AI apps and techs for societal benefits: New ways of learning and training that can stretch accessibility.

Thus, AI startups can access all kinds of aid under this funding support. Interested AI startups can tap HERE to fill in the application form for the Anthology Fund as well as check on the new benefits.