menlo ventures

Harness hits $5.5B valuation with $240M raise to automate AI’s ‘after-code’ gap

Enterprise /

AI DevOps tool Harness, founded in 2017 by serial entrepreneur Jyoti Bansal, is on track to exceed $250 million in annual recurring revenue in 2025, Bansal tells TechCrunch. The startup just raised a fresh $240 million Series E funding that values the company at $5.5 billion post-money. The round includes a $200 million primary investment […]

Harness hits $5.5B valuation with $240M raise to automate AI’s ‘after-code’ gap Read More »

AWS doubles down on custom LLMs with features meant to simplify model creation

Enterprise /

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

AWS doubles down on custom LLMs with features meant to simplify model creation Read More »

Composite gets backing from NFDG for its cross-browser agent tool

AI /

The central pitch of AI browsers like Perplexity’s Comet, Opera’s Neon, and The Browser Company’s Dia is that they’ll help you complete daily tasks more efficiently. While these are agents that are limited to one browser, Composite aims to build an agentic solution that helps professionals with their tasks, regardless of which browser they use.

Composite gets backing from NFDG for its cross-browser agent tool Read More »

Enterprises prefer Anthropic’s AI models over anyone else’s, including OpenAI

Enterprise /

AI research lab Anthropic’s AI models are now the top choice for enterprises, surpassing OpenAI. Anthropic now holds 32% of the enterprise large language model 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

Enterprises prefer Anthropic’s AI models over anyone else’s, including OpenAI Read More »

Enterprises prefer Anthropic’s AI models over anyone else’s, including OpenAI’s

AI /

AI research lab Anthropic’s AI models are now the top choice for enterprises, surpassing OpenAI. Anthropic now holds 32% of the enterprise large language model 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

Enterprises prefer Anthropic’s AI models over anyone else’s, including OpenAI’s Read More »

Iconiq VCs spent two years courting Chime and the firm isn’t selling its stake

Venture /

The VC tech world was abuzz on Thursday when neobank Chime successfully became a public company. Chime raised $864 million on a its $27 share price, which popped big, opening at $43.  This wasn’t the biggest IPO of the year. CoreWeave, for instance, raised $1.5 billion in March, and its first-day market cap hit around

Iconiq VCs spent two years courting Chime and the firm isn’t selling its stake Read More »

Former Whoop exec’s new app Alma uses AI for all things nutrition

Apps /

Generative AI models have demonstrated to app developers that combining a robust knowledge base with the right model can enable them to offer users services — once reliant on costly professionals like therapists or executive assistants — at a fraction of the price. Former VP of product at fitness company Whoop, Rami Alhamad, has a

Former Whoop exec’s new app Alma uses AI for all things nutrition Read More »

Menlo Ventures and Anthropic have picked the first 18 startups for their $100M fund

Venture /

Just five months after announcing a new $100 million fund called Anthology Fund, Menlo Ventures and Anthropic have backed their first 18 startups. And they are looking for more. Menlo says these first 18 were selected from thousands of applicants. They include startups working on recruiting software; autonomous coding; interpretability research (understanding how models make

Menlo Ventures and Anthropic have picked the first 18 startups for their $100M fund Read More »