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. With the new funds, the firm says it has raised more than $3.8 billion across eight fund groups and distributed $5.2 billion to its LPs. The […]