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.
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