@menloventures

Squint, which uses AI and AR to modernize manufacturing for companies like Pepsi, raised a $40M Series B led by The Westly Group and TCV at a $265M valuation

Allie Garfinkle / Fortune :

Crogl, whose AI agent helps cybersecurity researchers analyze daily network alerts to find and fix security incidents, raised a $25M Series A and a $5M seed

I invested in the seed round last year (h/t to Akshay Bhushan at Tola Capital 🙏) because of: … Tim Tully : Excited to announce Menlo Ventures is backing monzy merza, Bradford Lover...

Anthropic raised a $3.5B Series E led by Lightspeed at a $61.5B valuation; a source says its annual revenue run rate is up 30% in 2025, from ~$1B in late 2024

The company is said to have increased its run-rate revenue by 30% so far this year.  —  OpenAI rival Anthropic has officially closed …

Anthropic releases Claude 3.7 Sonnet, a hybrid model that can produce fast responses or extended, step-by-step thinking, and Claude Code, an agentic coding tool

and it could be a game changer Ghacks : Anthropic Unveils Claude 3.7: First Hybrid Reasoning AI Model Rowan Cheung / The Rundown AI : Claude enters the reasoning era Siddharth Jind...

Claude 3.7 and Grok-3 are the first “Gen3” models with big gains in handling complex tasks, using 10x more compute than GPT-4-class models, and better reasoning

Note: After publishing this piece, I was contacted by Anthropic who told me that Sonnet 3.7 would not be considered …

Anthropic launches Claude 3.5 Sonnet, which beats its flagship model Claude 3 Opus and outperforms GPT-4o in some tests, available for free on the web and iOS

OpenAI rival Anthropic is releasing a powerful new generative AI model called Claude 3.5 Sonnet.  But it's more an incremental step than a monumental leap forward.

Claude 3.5 Sonnet appears to be a tremendous leap for Anthropic and LLMs generally, and shows that AI model makers' performance gains are not slowing down

Carl Franzen / VentureBeat :

Anthropic hires former OpenAI safety lead Jan Leike to head up a new Superalignment team; a source says Leike will report to Chief Science Officer Jared Kaplan

Here's What We Know Wendy Lee / Los Angeles Times : OpenAI forms safety and security committee as concerns mount about AI Rounak Jain / Benzinga : OpenAI Former ‘Superalignment’ Le...

Anthropic launches a free iOS app and Team, its first enterprise plan, which offers access to its Claude 3 Opus, Sonnet, and Haiku models for $30/user/month

Arch, which provides operations and reporting services for private investments, raised a $20M Series A led by Menlo Ventures, taking its total funding to $25M+

Diana Britton / Wealth Management :

Genesis Therapeutics, which uses AI to discover and develop small-molecule drugs, raised a $200M Series B co-led by a16z, bringing its total funding to $280M

Chris Metinko / Crunchbase News :

Sleuth, an AI-powered tool that integrates with software development toolchains to measure developer productivity, raises a $22M Series A led by Felicis

Sleuth, an AI-powered tool that integrates with software development toolchains to measure developer productivity, raises a $22M Series A led by Felicis

As knowledge workers including software engineers shifted to remote work during the pandemic, executives expressed a concern that productivity would suffer as a result.

Polly, whose tools automate customer workflows for the mortgage industry, raises a $37M Series B led by Menlo Ventures, bringing its total funding to $50M

Mary Ann Azevedo / TechCrunch :

Benchling, which makes cloud-based software to manage biotech R&D, raises a $100M Series F at a $6.1B valuation; Benchling was last valued at $4B in April

Matik, which offers businesses data-driven and automated tools for making personalized PowerPoint presentations for customers, raises $20M Series A led by a16z

Vareto, which makes software to help companies with financial planning, raises $4.2M seed led by Menlo Ventures and $20M Series A led by GV

https://techcrunch.com/... @menloventures : Congrats to @KatOrekhova, @lalitsingh17 & team @varetoapp on your Seed and Series A! Vareto creates a system of record for FP&A teams. T...