Menlo Ventures announced $3 billion in new capital, its largest raise in 50 years.

Menlo is set to announce that it’s raised $3 billion for a set of funds dedicated to backing AI startups, marking the venture firm’s largest fundraising haul to date. As part of…

Menlo has created a solid rep for itself as an AI investor, all based on one gutsy $750 million move in 2024.