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Menlo Ventures closes on $1.35B in new capital, targets investments in AI startups

Menlo Ventures has raised $1.35 billion in new capital that it plans to use in part “to support the forthcoming generation of AI startups,” the venture firm announced today. "Not every investment has to be an AI investment, but we believe that’s where the most exciting innovations will spark," Menlo Ventures Partner Venky Ganesan said in an emailed statement.
Venky Ganesan Greylock Partnersunveiled Asana Lab Menlo Ventures Ventures Partner Venky Ganesan Menlo Inflection
Source: yahoo.com

Menlo Ventures Hires Splunk CTO Tim Tully to Power up Cloud Investing

Menlo Ventures Tim Tully is the newest partner at Menlo Ventures. He spent the last four years at Splunk, where as CTO, he led the companys move to the cloud. At Menlo, Tully will focus on investments in cloud infrastructure. Menlo Ventures has hired away Tim Tully, chief technology officer of Splunk, to power up its cloud investing, Insider has learned. The newest partner at the Sand Hill Road firm will focus on companies in cloud computing, a $371 billion global ...
Jess Lee Tim Tully Matt Murphy Menlo Inflection Fund Sand Hill Road Menlo Inflection

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