BTC

$65121.413

1.13%

ETH

$3463.798

0.62%

BNB

$577.049

0.56%

XRP

$0.609

4.44%

News

Insider: Anthropic AI Funding Surpasses $750M With Menlo Ventures’ Investment

1 hours ago - Around 2 mins mins to read

Key Points:

  • According to TechCrunch, Anthropic, an AI company, raised over $750 million in an ongoing financing round, with investment from Menlo Ventures.
  • Menlo Ventures and Anthropic announced the launch of the $100 million Anthology Fund, aimed at pre-seed and Series A AI companies.
Anthropic AI funding update: Menlo Ventures invests in Anthropic, leading a $750M round and launching the $100M Anthology Fund for AI startups.
Insider: Anthropic AI Funding Surpasses $750M With Menlo Ventures' Investment
Insider: Anthropic AI Funding Surpasses $750M With Menlo Ventures’ Investment

According to TechCrunch, Anthropic, an AI company, was invested in by Menlo Ventures, a major venture capital company in Silicon Valley. In the ongoing, unannounced financing round, Anthropic has already raised over $750 million, and Menlo Ventures also invested some of its capital in this space.

Anthropic AI Funding Attracts Major Investment from Menlo Ventures

On Wednesday, Menlo Ventures and Anthropic announced their partnership in launching the $100 million Anthology Fund. The fund will target company investments in artificial intelligence’s pre-seed and Series A development stages.

That includes leading a $750 million investment recently made by Menlo Ventures, giving the firm the top slot among those on record as backing Anthropic; the Anthology Fund capital comes from Menlo’s largest vehicle to date, a $1.35 billion fund the firm closed last November, confirmed Matt Murphy, a partner at Menlo Ventures.

Murphy said he’s a big believer in Anthropic: “We’re one of the biggest investors in Anthropic and huge fans of what they’re doing. We saw this as an opportunity to collaborate, support the ecosystem, and find great companies focusing on Anthropic or AI in general.”

Readmore: Hamster Kombat Second Airdrop Will Be Launched In The Next 2 Years

Anthropic and Menlo Ventures Launch $100 Million Anthology Fund

Anthology Fund is built on top of the foundation of investment by Menlo Ventures and the close relationship with Anthropic in search of appropriate AI-first startups to invest in. The fund will write checks to start-ups, starting at $100,000 and $25,000 of credits to use Anthropic’s models.

Applications to the fund will be accepted online. The applications will be scored and then ranked using Menlo Ventures’ proprietary machine learning tool; diligence for the investment will be much quicker than a typical round.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Anthology Fund

Anthology Fund capital

Anthropic

Anthropic AI

Avatar of Thana

Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
News

Insider: Anthropic AI Funding Surpasses $750M With Menlo Ventures’ Investment

Key Points:

  • According to TechCrunch, Anthropic, an AI company, raised over $750 million in an ongoing financing round, with investment from Menlo Ventures.
  • Menlo Ventures and Anthropic announced the launch of the $100 million Anthology Fund, aimed at pre-seed and Series A AI companies.
Anthropic AI funding update: Menlo Ventures invests in Anthropic, leading a $750M round and launching the $100M Anthology Fund for AI startups.
Insider: Anthropic AI Funding Surpasses $750M With Menlo Ventures' Investment
Insider: Anthropic AI Funding Surpasses $750M With Menlo Ventures’ Investment

According to TechCrunch, Anthropic, an AI company, was invested in by Menlo Ventures, a major venture capital company in Silicon Valley. In the ongoing, unannounced financing round, Anthropic has already raised over $750 million, and Menlo Ventures also invested some of its capital in this space.

Anthropic AI Funding Attracts Major Investment from Menlo Ventures

On Wednesday, Menlo Ventures and Anthropic announced their partnership in launching the $100 million Anthology Fund. The fund will target company investments in artificial intelligence’s pre-seed and Series A development stages.

That includes leading a $750 million investment recently made by Menlo Ventures, giving the firm the top slot among those on record as backing Anthropic; the Anthology Fund capital comes from Menlo’s largest vehicle to date, a $1.35 billion fund the firm closed last November, confirmed Matt Murphy, a partner at Menlo Ventures.

Murphy said he’s a big believer in Anthropic: “We’re one of the biggest investors in Anthropic and huge fans of what they’re doing. We saw this as an opportunity to collaborate, support the ecosystem, and find great companies focusing on Anthropic or AI in general.”

Readmore: Hamster Kombat Second Airdrop Will Be Launched In The Next 2 Years

Anthropic and Menlo Ventures Launch $100 Million Anthology Fund

Anthology Fund is built on top of the foundation of investment by Menlo Ventures and the close relationship with Anthropic in search of appropriate AI-first startups to invest in. The fund will write checks to start-ups, starting at $100,000 and $25,000 of credits to use Anthropic’s models.

Applications to the fund will be accepted online. The applications will be scored and then ranked using Menlo Ventures’ proprietary machine learning tool; diligence for the investment will be much quicker than a typical round.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Visited 25 times, 25 visit(s) today