Anthropic partners with Menlo Ventures to launch $100M fund for AI startups, following OpenAI.

From Quartz: 2024-07-17 10:13:20

AI startup Anthropic partners with Menlo Ventures to launch a $100 million fund for AI startups. The fund will focus on AI safety tools and apps with societal benefits. Co-founders, ex-OpenAI engineers Daniela and Dario Amodei, emphasize responsible AI development. Venture capital funding for AI is rising, with nearly half of all U.S. VC funding in 2024 going to AI startups. The fund follows in the footsteps of OpenAI’s $175 million fund for AI startups. Anthropic received a major investment from Amazon, despite being worth a quarter of their rival.
Key figures:
– $100 million: Capital for Anthropic and Menlo Ventures’ Anthology Fund
– $175 million: Value of OpenAI startup fund
– $80 billion: Value of OpenAI
– $18 billion: Value of Anthropic



Read more at Quartz: Anthropic follows OpenAI to launch $100 million AI startup fund