All articles tagged with #menlo ventures
Menlo Ventures has invested $16 million in Aurora Therapeutics, co-founded by CRISPR pioneer Jennifer Doudna and Fyodor Urnov, to develop personalized CRISPR therapies targeting rare diseases like PKU, leveraging recent regulatory and technological advances to make treatments for ultra-rare conditions more feasible.
Anthropic, an AI startup known for its large language model and ChatGPT challenger Claude 2, raised $750 million in a new funding round led by Menlo Ventures using a special purpose vehicle (SPV), nearly quadrupling its valuation to $18.4 billion. The SPV tactic allowed Menlo to jump to the front and double down on its position in Anthropic, while also formalizing terms for investments promised by cloud computing partners Amazon and Google. The round surprised some industry insiders, but provided Anthropic with a quick cash infusion and minimal fuss, enabling the company to bolster its war chest amid a hiring and product race.
Artificial intelligence startup Anthropic is in talks to raise $750 million in a venture round led by Menlo Ventures, valuing the company at $15 billion. The investment, which could potentially reach $18 billion, highlights the strong appetite of VC investors for large AI deals, particularly those generating revenue. Anthropic has also secured commitments from major cloud providers, positioning itself as a key competitor to OpenAI.