Menlo Ventures raises $1.35 billion in new funding to invest in next-generation artificial intelligence startups
On November 17th, venture capital firm Menlo Ventures announced that it has raised $1.35 billion in new funding, primarily investing in next-generation artificial intelligence startups. Amy Wu, Menlo Ventures' consumer and gaming partner (former head of FTX Ventures), said the funds will support founders in the consumer, gaming, and blockchain sectors. Menlo Ventures was founded in 1976 and manages approximately $5 billion in assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto Trader Makes $2.5 Million Profit With This Altcoin
Cardano Gains Momentum as Whales Double Holdings, Analyst Predicts $6 Target
Memecoins Paving the Way for Blockchain Adoption in Traditional Finance
Tether’s Treasury Mints 2 Billion USDT on Ethereum Network