Published Jun 23, 2026, 9:00 AM ET · Updated 5 months ago · 1 source
Early Anthropic Backer Menlo Lands $3 Billion in Its Largest-Ever Haul
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Original Report
INFERY
In 2024, Menlo Ventures made the risky decision to raise $500 million to invest in Anthropic PBC, then an underdog rival to OpenAI that had yet to generate meaningful revenue or gain mainstream adoption like ChatGPT.