AI

Backed by a single multi-billion-dollar family office since inception, the Austin, Texas-based VC's structure affords more flexibility to extend the timeframe of funds and focus on its portfolio companies without fundraising distractions.

The Menlo Park-based firm raised capital across six vehicles, underscoring its customized fund architecture and deep AI investment track record.

Annual enterprise spending on AI has surged from just $1.7bn in 2023 to $37bn in 2025, as companies see 'real revenue and productivity gains at scale,' Menlo Ventures says in its third annual report on generative AI in the enterprise.

Advanced AI reasoning is at the heart of research engines accelerating R&D and commercialization of new materials.

The New York-based firm reportedly plans to match its total for Fund XVI with its latest vehicle as it takes a more disciplined approach.

The semiconductor specialist firm has so far raised over $100m toward its target of $500m for its debut vehicle.

Thirteen IPOs by AI expansion-stage companies in the first three quarters represent less than 10% of the total exit count, but nearly 87% of total exit value.

The Boston-based venture firm invests primarily in deep tech, energy and AI, with a focus on lowering carbon emissions.

Limited partners in the debut fund include such institutional investors as Cendana Capital and Isomer Capital, Lucca and Stella Norton’s family office and partners at Concept Ventures and Credo Ventures.

The pre-seed investor and accelerator is focused on robotics, space, defense and AGI infrastructure companies.