Modal Labs
Optimizes AI inference to reduce compute costs and response time
$750MSeries D
ParticipantMV
Menlo Ventures
Activity from announced rounds
Activity in this selectionUnited States · Oct 19, 2026 · Jul 22, 2026
Menlo Ventures backs early-stage technology companies, with a major focus on AI infrastructure and applications across enterprise, healthcare and consumer markets.
Its stated investment areas also include cybersecurity, fintech, robotics, hardware and supply-chain automation. Across these areas, Menlo examines how AI changes both the underlying infrastructure and the products businesses or consumers use.
The Menlo Anthology Fund is a $100 million initiative developed with Anthropic to finance AI startups. Menlo also publishes research on enterprise, consumer and healthcare AI adoption, offering founders evidence about buyer demand and spending in their markets.
Sources
- Rounds participated in
- 12
- Confirmed lead rounds
- 1 5 roles undisclosed
- New companies
- 7 First participation on record · 5 follow-on
- Funding in participating rounds
- $2.5B 11 disclosed · full round size, not this investor’s share
By stage
By primary sector
By country
Rounds
12 in this selectionNous Research
Open-source AI models and the Hermes agent, which retains project memory and reusable skills across tasks.
$90MSeries B
ParticipantArmadin
Armadin develops AI agents that test attack paths across enterprise systems and show defenders how connected weaknesses could be exploited.
$255.5MSeries B
ParticipantFactory
Develops an autonomous software-development platform for enterprise engineering teams.
$200MFunding
ParticipantGimlet Labs
Provides a cloud inference platform and compiler that distribute AI workloads across different processor types.
$300MSeries B
ParticipantOliverAI
Builds an analytical database platform that lets AI agents query enterprise data in real time
UndisclosedPre-Seed
Role not disclosedHiggsfield
AI video and image creation platform for professional creators and brands
$400MSeries B
ParticipantWispr Flow
Wispr Flow turns speech into edited text across desktop and mobile applications and provides AI notes for meetings.
$280MSeries B
LeadHeaviside Industries
Builds autonomous precision munitions platforms for air, land, and sea forces
$60MSeries B
Role not disclosedSapiom
Builds infrastructure that helps engineering teams run AI agents reliably in production
$35MSeries A
Role not disclosedObsidian Security
Secures non-human identities and AI agents operating in third-party applications
$85MSeries D
Role not disclosedArch
Arch helps investors, advisers and family offices administer private-market portfolios by collecting documents, standardizing data and coordinating investment workflows.
$52MSeries B
Role not disclosed