A $100 million venture fund launched by Anthropic in 2024 and financed by Menlo Ventures, investing in startups that build on Anthropic's models.
Sigil Wen's Underdog runs a 27-billion-parameter AI assistant entirely on users' own Macs and Windows PCs. Privacy then depends on where the model runs, and users pay for it with a smaller model and a vendor that earns when the assistant spends.
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S32 led a $140M round that takes Basecamp Research's total funding to $225M since 2019. Two of the sixteen named backers, NVIDIA and Anthropic's Anthology Fund, are also partners on the dataset its models train on.
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The Series C values Basecamp Research at about $800 million, roughly 3.6 times everything it has raised, on the strength of a proprietary sequence library and scaling comparisons the company ran internally.
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The Series C funds a 28-billion-parameter model trained on more than 100 billion genes. Two of the partners who helped assemble that dataset, Nvidia and Anthropic's joint fund, are also in the round.
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The company says the money will train the next generation of its EDEN models. The published evidence so far is one January bioRxiv preprint, co-authored with Nvidia, whose venture arm also put money into the round.
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