Core Insights - Venture capitalist Deedy Das has transitioned to a partner role at Menlo Ventures after successfully securing a startup deal while in Japan [2] - Das has a strong technical background, having worked at Facebook and Google, and played a significant role in scaling the enterprise search startup Glean to a valuation of $7.2 billion [3][4] - Menlo Ventures has launched a $100 million Anthology Fund focused on early-stage investments in generative AI, enhancing its credibility with startups [4][5] Company Developments - Glean, where Das was a founding engineer, achieved a valuation increase from $2.2 billion to $7.2 billion, with projected annualized revenue of $250 million by year-end, up from $100 million in 2024 [3] - Menlo Ventures has made significant investments in AI and infrastructure, with Das leading a $40 million Series A investment in OpenRouter, a platform for accessing multiple large language models [5][6] Industry Trends - The Anthology Fund has positioned Menlo Ventures as a key player in the generative AI space, attracting startups that prioritize technical expertise in their investors [5] - The demand for platforms like OpenRouter indicates a growing trend in the AI industry towards accessibility and integration of large language models [6]
Former Facebook Engineer Quickly Becomes VC Partner After Building $250M Revenue Engine At AI Startup Glean
Yahoo Finance·2025-09-18 23:01