MENLO PARK, Calif., Dec. 18, 2024 (Globe Newswire) — Menlo Ventures, a leading venture capital firm investing on the frontiers of AI, today announced that it is backed by a $100 million Anthology Fund.18 announced the first group of companies. Launched in partnership with Anthropic to accelerate AI-first innovation, the fund has received thousands of applications from entrepreneurs around the world since its July announcement. This overwhelming response highlights the tremendous opportunity in cutting-edge AI development and the unique value proposition of combining Menlo’s company-building expertise with Anthropic’s cutting-edge AI technology.
“The first group of Anthology funds is exactly what we envisioned when we launched this initiative with Anthropic,” said Menlo Ventures Partner Matt Murphy. “From groundbreaking research in model interpretability to innovations in healthcare delivery, these 18 companies represent the incredible variety of innovations possible with frontier AI technologies.”
The selected companies span a variety of sectors, including:
the study
Mercor – Mercor trains models that predict job performance more accurately than humans. Their technology is trusted by a wide variety of customers, from startups hiring for the first time to the largest AI labs that employ thousands of professionals to train their LLMs. All Hands – All Hands AI is an open source AI platform for autonomous software engineering development powered by AI and LLM. .Goodfire – Goodfire is an applied research lab that builds AI interpretation tools.
finance
Crosswise – Crosswise is a self-built compliance management system for banks and fintechs. Accordance – Accordance is an AI platform built for leading tax, audit, and CPA teams.
health care
Brellium – Brellium uses clinically validated AI to automate medical record reviews. New Lantern – New Lantern accelerates radiology with cloud and AI-powered medical image analysis.
consumer
Alma – Alma is an AI-native nutrition app.
safety
Astrix – Astrix is the leader in non-human identity security.
CRM
BeHeard – BeHeard reimagines feedback by turning boring surveys into an ongoing heart-to-heart dialogue with your brand.
In addition to the companies mentioned above, the first group of companies backed by Anthology Fund includes eight stealth startups.
“VCs have primarily focused their investments on the foundational layers of AI: hardware and models. Now, the focus has shifted to delivering real-world value through innovative end-user applications.” said Deedy Das, principal at Menlo Ventures. “Anthropic’s Claude 3.5 Sonnet excels at tasks like code generation and stands out as a leader in the enterprise. Teams can now complete tasks in days that previously took weeks or months. Human productivity has increased over generations.”
“The Anthology Fund will create a powerful flywheel that will enable Claude to work closely with developers who are pushing the boundaries of what is possible, while equipping startups with the resources and insights they need to build meaningful AI applications. ” said Alex Albert, director of developer relations. Human. “Through our partnership with Menlo Ventures, Anthropic is able to support talented founders with computing credits and technical guidance, while Menlo Ventures has deep company-building expertise and an incredible network of potential partners and customers. I will bring it.”
About the Anthology Fund
The Anthology Fund is a $100 million initiative aimed at accelerating the growth of AI-first companies and driving the next wave of artificial intelligence innovation. Founded in 2024 by Menlo Ventures, a leading early-stage venture capital firm, and Anthropic, a pioneer in AI safety and research, the fund will invest in seed- to expansion-stage startups leveraging Anthropic’s advanced AI technology. Invest more than $100,000 in. To learn more or apply, visit Anthology Fund.
About Menlo Ventures
Menlo Ventures is a leading early-stage venture capital firm investing at the forefront of AI. Our portfolio includes over 80 publicly traded companies and over 165 merger and acquisition exits. We currently manage more than $6 billion in assets and invest at every stage of the consumer, corporate and healthcare sectors. Our portfolio companies include Abnormal Security, Anthropic, Benchling, Carta, Chime, Harness, Pinecone, Poshmark, Pillpack, Recursion, Roku, Rover, Siri, Typeface, Uber, and Warby Parker. We strive to have a positive impact in everything we do. When we’re in, we’re all in, and we’re all in when it comes to AI.
About human studies
Anthropic is an AI safety and research company that creates reliable, interpretable, and operational AI systems. Our flagship product is Claude, an AI assistant designed to be powerful, reliable, and easy to use.
For more information about Anthology Fund and its portfolio companies, please visit Anthology Fund.
media contact
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