Early Anthropic backer Menlo lands $3 billion in its largest-ever haul (opens original article in a new tab)

Menlo Ventures raised $3 billion for AI startup funds, its largest-ever fundraising effort, and plans to make larger later-stage investments similar to its Anthropic bet. The firm is shifting focus from biology to AI and expanding technical expertise.

• Menlo Ventures raised $3 billion for AI startup funds, its largest fundraising haul
• Menlo plans to make later-stage investments similar to its Anthropic bet
• Menlo is shifting focus from biology to AI and expanding technical expertise