Menlo Ventures: Unveiling First Cohort of Anthology Fund-Backed AI Startups
Portfolio | Dec 18, 2024 | Menlo Ventures
In July, Menlo Ventures launched the $100 million Anthology Fund in partnership with Anthropic, aimed at supporting pioneering AI startups. Over a million people heard this announcement through major tech outlets such as TechCrunch and CNBC. From thousands of applications, the firm selected 18 companies across critical sectors such as research, back office, healthcare, consumer, security, CRM, construction, and R&D for their inaugural cohort. Each selected company receives $25,000 in Anthropic credits and access to resources and events, including guidance from Anthropic's team and networking opportunities. The initiative is not just financial but also focuses on building a community to explore AI's potential impact. The initiative is expected to further develop and expand its reach through events that foster collaboration and innovation.
Sectors
- Technology
- Healthcare
- Finance
Geography
- United States – Menlo Ventures and Anthropic are based in the United States, which likely influences the geographical scope of this fund and its focus.
Industry
- Technology – The main focus of the Anthology Fund and selected startups is on technology, particularly artificial intelligence.
- Healthcare – Several startups within the cohort focus on healthcare applications of AI, including medical image analysis and mental health.
- Finance – The cohort includes companies offering AI solutions for tax, audit, and compliance management, relevant to the finance sector.
Financials
- $100 million – The total value of the Anthology Fund launched by Menlo Ventures and Anthropic.
- $25,000 – The value of Anthropic credits provided to each company in the Anthology Fund cohort.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Menlo Ventures | Investor | Company | A leading venture capital firm investing in promising AI startups through the Anthology Fund. |
| Anthropic | Partner | Company | An AI safety and research company partnering with Menlo Ventures on the Anthology Fund. |
| Mercor | Portfolio Company | Company | A startup focused on AI models to predict job performance. |
| All Hands | Portfolio Company | Company | An open-source AI platform for software engineering. |