Anthropic Investor Menlo Turns 50 and Raises $3 Billion

An early backer of Anthropic says it has raised $3 billion for additional AI startups. Menlo Ventures announced the new funding — its largest raise ever — Tuesday (June 23) while marking its 50th anniversary and reflecting on its investment in Anthropic. The company said it saw promise in the artificial intelligence (AI) startup even as ChatGPT became a “household name” and many observers claimed the AI race was already over.