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A $100 million fund has been launched by a company in collaboration with Menlo Ventures to support emerging AI startups. The fund, named Anthology Fund, aims to assist AI firms focusing on generative AI technology in areas such as healthcare, education, consumer solutions, trust and safety tooling, and societal benefit maximization.
Support for AI Startups
Entrepreneurs will receive support, access to the company’s products, research, and $25,000 in credits for their AI models, along with additional backing from Menlo.
Investment from Tech Giants
The company, founded by former members of a well-known AI organization, has garnered investments from tech giants. Menlo Ventures, having recently closed a $1.35 billion funding round, is committed to supporting the next generation of AI firms, having raised approximately $4 billion for AI sector developments.
Boost for AI Startup Ecosystem
The fund’s establishment and the involvement of major players in the tech industry signal a significant boost for the AI startup ecosystem.
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