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Menlo Ventures announced $3 billion in funds on Tuesday, the largest raise in its 50-year history, driven in large part by its AI portfolio, especially Anthropic. Its stake in the model maker is now worth about $14 billion, sources told Bloomberg. To hear the folks at Menlo talk about it, they were white-knuckling it when…
AI-powered marketing platform Nectar Social announced Thursday that it raised a $30 million Series A round led by Menlo Ventures and its Anthology Fund, which was created alongside Anthropic. The company, which officially exited stealth last year, is an agentic operating system for marketers. It told TechCrunch that it uses autonomous AI agents to help…
The Super Bowl is happening in Silicon Valley this Sunday, and the Patriots-Seahawks game at Levi’s Stadium is going to be packed with tech money. YouTube CEO Neal Mohan is expected to be there. Apple’s Tim Cook, too. (He has become a Super Bowl fixture since Apple Music began sponsoring the halftime show several years…
Right on the heels of announcing Nova Forge, a service to train custom Nova AI models, Amazon Web Services (AWS) announced more tools for enterprise customers to create their own frontier models. AWS announced new capabilities in Amazon Bedrock and Amazon SageMaker AI at its AWS re:Invent conference on Wednesday. These new capabilities are designed…
AI research lab Anthropic’s AI models are now the top choice for enterprises, surpassing OpenAI. Anthropic now holds 32% of the enterprise LLM market share by usage, according to a report from Menlo Ventures released on Thursday. OpenAI holds the second-largest market share by usage among enterprises with 25%. The figure marks a strong reversal…