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Menlo Ventures and Anthropic have picked the first 18 startups for their $100M fund

TechCrunch LogoTechCrunch11h ago

Menlo Ventures and Anthropic have picked the first 18 startups for their $100M fund - TechCrunch

Quick Summary:

Just five months after launching a $100 million fund, Menlo Ventures and Anthropic have backed their first 18 startups.

Menlo is a major backer of Anthropic and this fund helps both get in the middle of the next big thing for AI coming in 2025: a focus beyond the foundational models and AI infrastructure and into the new apps that run on top of them.“We’re one of the biggest investors in Anthropic and huge fans of what they’re doing,” Menlo Ventures partner Tim Tully told TechCrunch in July when the program launched.“We thought this was an opportunity for us to do something together, where we can see the ecosystem and find great companies that are building on Anthropic or AI more broadly.

And they are looking for more.

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Menlo Ventures and Anthropic have picked the first 18 startups for their $100M fund - TechCrunch (Picture 1)

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Article Details

Author / Journalist: Julie Bort

Category: Technology

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Article Type: News Report

Published On: 2024-12-18 @ 21:48:36 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 263 words

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Copyright Owner: © TechCrunch

News ID: 24540881

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