MENLO PARK, Calif., Dec. 18, 2024 (GLOBE NEWSWIRE) — Menlo Ventures, a number one enterprise capital agency investing on the forefront of AI, introduced its first cohort of 18 firms backed by the $100 million Anthology Fund immediately. Launched in partnership with Anthropic to speed up AI-first innovation, the fund has obtained 1000’s of purposes from entrepreneurs worldwide since its July announcement. This overwhelming response underscores the large alternative in frontier AI improvement and the distinctive worth proposition of mixing Menlo’s company-building experience with Anthropic’s cutting-edge AI expertise.
“The inaugural cohort of Anthology Fund is strictly what we envisioned after we launched this initiative with Anthropic,” mentioned Menlo Ventures Partner Matt Murphy. “From groundbreaking analysis in mannequin interpretability to revolutionizing healthcare supply, these 18 firms characterize the unimaginable variety of innovation potential with frontier AI expertise.”
The chosen firms span a wide range of sectors, together with:
Research
- Mercor – Mercor is coaching fashions that predict job efficiency higher than a human can. Their expertise is trusted by prospects starting from startups making their first hires to the biggest AI labs hiring 1000’s of specialists to coach LLMs.
- All Hands – All Hands AI is an open-source AI platform for autonomous software program engineering improvement, powered by AI and LLMs.
- Goodfire – Goodfire is an utilized analysis lab constructing AI interpretability instruments.
Finance
- Crosswise – Crosswise is a self-building compliance administration system for banks and fintechs.
- Accordance – Accordance is an AI platform constructed for main tax, audit, and CPA groups.
Healthcare
- Brellium – Brellium automates chart evaluate with clinical-validated AI.
- New Lantern – New Lantern accelerates radiology with cloud- and AI-powered medical picture evaluation.
Consumer
- Alma – Alma is an AI-native diet app.
Security
- Astrix – Astrix is the chief in non-human identification safety.
CRM
- BeHeard – BeHeard reimagines suggestions by remodeling boring surveys into steady, heart-to-heart conversations with manufacturers.
In addition to the businesses named above, the primary batch of Anthology Fund-backed firms contains eight stealth startups.
“VCs have largely targeted their investments on the foundational layers of AI — {hardware} and fashions. Now, the highlight is shifting to delivering real-world worth by transformative end-user purposes,” mentioned Menlo Ventures Principal Deedy Das. “Anthropic’s Claude 3.5 Sonnet stands out as a pacesetter within the enterprise, excelling at duties like code technology. Teams can now accomplish duties in days that beforehand took weeks or months, which is a generational enhance in human productiveness.”
“The Anthology Fund creates a robust flywheel—enabling us to work carefully with builders pushing the boundaries of what’s potential with Claude, whereas giving startups the assets and insights they should construct significant AI purposes,” mentioned Alex Albert, Head of Developer Relations, Anthropic. “Through our partnership with Menlo Ventures, Anthropic can help gifted founders with compute credit and technical steering, whereas Menlo Ventures brings deep company-building experience and an unimaginable community of potential companions and prospects.”
About the Anthology Fund
The Anthology Fund is a $100 million initiative designed to speed up the expansion of AI-first firms and drive the subsequent wave of synthetic intelligence innovation. Launched in 2024 by Menlo Ventures, a number one early-stage enterprise capital agency, and Anthropic, a pioneer in AI security and analysis, the fund invests $100,000+ in seed to expansion-stage startups leveraging Anthropic’s superior AI expertise. To be taught extra or apply, go to the Anthology Fund.
About Menlo Ventures
Menlo Ventures, is a number one early-stage enterprise capital agency investing on the forefront of AI. Our portfolio contains greater than 80 public firms and over 165 exits by mergers and acquisitions. Currently managing greater than $6 billion in belongings, we make investments at each stage throughout Consumer, Enterprise, and Healthcare. Our portfolio firms embrace Abnormal Security, Anthropic, Benchling, Carta, Chime, Harness, Pinecone, Poshmark, Pillpack, Recursion, Roku, Rover, Siri, Typeface, Uber, and Warby Parker. We try to have a optimistic influence on every part we do. When we’re in, we’re ALL IN, and we’re ALL IN on AI.
About Anthropic
Anthropic is an AI security and analysis firm that creates dependable, interpretable, and steerable AI programs. Our flagship product is Claude, an AI assistant that’s designed to be highly effective, dependable and steerable.
For extra particulars on the Anthology Fund and its portfolio firms, go to Anthology Fund.
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