Menlo Ventures Closes $1.35 Billion to Invest in Companies Leading the AI Transformation
MENLO PARK, Calif., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Today, Menlo Ventures , a leading venture capital firm, announced the firm has raised $1.35 billion in new capital that will be invested by Menlo’s flagship venture fund Menlo XVI and Menlo Inflection III and their affiliated funds, with a mandate to invest in promising technology companies leading the AI transformation.
- MENLO PARK, Calif., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Today, Menlo Ventures , a leading venture capital firm, announced the firm has raised $1.35 billion in new capital that will be invested by Menlo’s flagship venture fund Menlo XVI and Menlo Inflection III and their affiliated funds, with a mandate to invest in promising technology companies leading the AI transformation.
- “With this $1.35 billion in new capital, we’re making a commitment to support the forthcoming generation of AI startups,” said Venky Ganesan.
- Menlo Ventures will help write the next chapter,” said Matt Murphy, partner at Menlo Ventures.
- The potential is profound.”
To learn more about Menlo Ventures, please visit www.menlovc.com
For detail on Menlo Ventures’ perspective on AI, visit https://menlovc.com/focus-areas/ai/
To read Menlo Venture’s newest report, The State of Generative AI in the Enterprise visit mnlo.vc/Ent_AI_Report