Menlo Ventures

Activity from announced rounds

Activity in this selectionAI

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
34
Confirmed lead rounds
4
25 roles undisclosed
New companies
31
First participation on record · 3 follow-on
Funding in participating rounds
$7.4B
33 disclosed · full round size, not this investor’s share

By stage

Series B10
Series C+10
Series A7
Undisclosed3
Pre-seed2
1 more
Seed2

By primary sector

AI15
Healthtech4
Cybersecurity3
Developer tools3
Enterprise software3
5 more
Fintech2
Biotech1
Defense tech1
Robotics1
Space tech1

By country

United States32
Sweden2

Rounds

34 in this selection
Greptile

Greptile builds an AI code-review and validation platform that checks software changes against the context of a team’s codebase.

$50MSeries B
Lead
Town

Town is a personal AI assistant that works across email, calendars, documents and messaging to handle tasks in a user’s connected tools.

$108MSeries B
Lead
Modal Labs

Optimizes AI inference to reduce compute costs and response time

$750MSeries D
Participant
Nous Research

Open-source AI models and the Hermes agent, which retains project memory and reusable skills across tasks.

$90MSeries B
Participant
Factory

Develops an autonomous software-development platform for enterprise engineering teams.

$200MFunding
Participant
Gimlet Labs

Provides a cloud inference platform and compiler that distribute AI workloads across different processor types.

$300MSeries B
Participant
OliverAI

Builds an analytical database platform that lets AI agents query enterprise data in real time

UndisclosedPre-Seed
Role not disclosed
Higgsfield

AI video and image creation platform for professional creators and brands

$400MSeries B
Participant
Wispr Flow

Wispr Flow turns speech into edited text across desktop and mobile applications and provides AI notes for meetings.

$280MSeries B
Lead
Lovable

Lovable helps people build software by describing what they want to an AI development platform.

$400MSeries C
Lead
Sapiom

Builds infrastructure that helps engineering teams run AI agents reliably in production

$35MSeries A
Role not disclosed
Obsidian Security

Secures non-human identities and AI agents operating in third-party applications

$85MSeries D
Role not disclosed
Arch

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
Fireworks

Platform for specialized intelligence enabling companies to train and serve custom models

$1.5BSeries D
Role not disclosed
Walden Robotics

A full-stack Physical AI company building and deploying general-purpose robots that continuously learn and improve while performing real work

$300MUndisclosed
Role not disclosed
Chai Discovery

Building AI models to accelerate pre-clinical drug discovery

$400MSeries C
Role not disclosed
Assort Health

Provides AI-powered patient journey platform for healthcare organizations

$120MSeries C
Role not disclosed
OpenRouter

Provides a unified API gateway enabling access, routing, and optimization across 400+ AI models for developers and enterprises

$113MSeries B
Role not disclosed
Nourish

Provides AI-native metabolic health care with dietitians and virtual medical services

$100MSeries C
Role not disclosed
Nectar Social

Provides AI infrastructure for modern marketing

$30MSeries A
Role not disclosed
Heaviside Industries

Builds autonomous precision munitions platforms for air, land, and sea forces

$28MSeries A
Role not disclosed
Manifest OS

Powers AI-native law firms with outcomes-based fixed pricing and predictable quality

$60MSeries A
Role not disclosed
True Anomaly

Builds autonomous spacecraft, advanced payloads, mission software, and space-based interceptors for U.S. national security

$650MSeries D
Role not disclosed
BrainGrid

Builds AI product planning tools for non-technical founders

$1MPre-Seed
Role not disclosed
Gimlet Labs

Provides a cloud inference platform and compiler that distribute AI workloads across different processor types.

$80MSeries A
Role not disclosed
Legora

Legora develops AI software for law firms and in-house legal teams.

$550MSeries D
Role not disclosed
Armadin

Armadin develops AI agents that test attack paths across enterprise systems and show defenders how connected weaknesses could be exploited.

$189.9MSeed+Series A
Role not disclosed
Grow Therapy

Supports providers delivering in-person and online therapy and psychiatric care.

$150MSeries D
Role not disclosed
Goodfire

Uses interpretability to understand, learn from, and design AI systems

$150MSeries B
Role not disclosed