Menlo Ventures
4 storiesMenlo Ventures is a San Francisco-based venture capital firm that invests in AI and technology startups. Its recent coverage includes co-leading AI assistant startup Town's $108M Series B with Forerunner Ventures, alongside Andreessen Horowitz, Serena Ventures and First Round Capital. Menlo Ventures also took part in Nous Research's $90M Series B, a round that valued the company at $1.5B.
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San Francisco-based AI assistant startup Town announced a $108M Series B co-led by Forerunner Ventures and Menlo Ventures, with Andreessen Horowitz, Serena Ventures and First Round Capital participating. Founded by former Plaid CTO Jean-Denis Greze, Town launched publicly four months ago and reached millions in annual recurring revenue within weeks, raising at least $160M to date. Its Townie assistants connect to tools like email and calendars, and a new shared workflow lets assistants sync business info automatically.
Nous Research, developer of the open-source Hermes agent, confirmed a $90M Series B at a $1.5B valuation, bringing total funding to $158M. It also launched Hermes for Businesses and expects to top $100M in annualized revenue by end-2026.
Vibe-coding platform Lovable said its annual run-rate revenue has passed $600 million, up from about $500 million in June. Its co-founder said two-thirds of Fortune 500 companies now use the product and apps built on it draw nearly a billion monthly views; the startup has raised over $700 million in two rounds eight months apart at a $13.3 billion valuation.
Listen Labs walked away from a signed $125M Series C term sheet—reportedly due to ongoing ~$2B acquisition talks with Salesforce—and may return to market at a $2B+ target if a deal collapses.
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The A.I. Daily
AI assistant startup Town raises $108M Series B at unicorn valuation