Congratulations to @amywumartin for being named to @billboard's Finance 50 list π
Amy earned her place among the dealmakers with her landmark achievement: leading @suno's $250M funding round, just days before welcoming her first child, which achieved a $2.45B valuation and emerged as the clear market leader in generative AI music.
As a classically trained pianist, Amy brings unique perspective to her vision of greatly expanding the music industry. Proud to have Amy leading the charge!
Read more here: https://t.co/fG4yhjF4kd
@kevinroose@morqon@JoannaStern Idk i was at my daughters softball game last summer and a grandma visiting her fam told me she was learning AI but it wasnt ChatGPT she chose a different one bc she liked its values. I asked if it was claude and she was shocked i knew & then she raved about the founder ethics
@CristinCulver Ahhh we should catch up @CristinCulver... ive been playing through some related thinking lately as it relates to some strategic decisions for my team/function
Big milestone for Physical AI.
In July 2024 @MenloVentures invested in @SkildAI's Series A. @mmurph believed a unified robotics brain could unlock something big
They just raised $1.4B at $14B+ valuation. More importantly, they're deploying real robots generating real $$$
πππ
At @SkildAI, weβve raised $1.4B, bringing our valuation to over $14B.
Weβre on a generational mission, and Iβm grateful to be working alongside an exceptional team. Thanks to our investors for the long-term conviction towards omni-bodied intelligence π
https://t.co/8BrqxxGVZe
@danprimack (FWIW, my first day at Bessemer, new to VC, I was told that yours was the newsletter to read every morning. It stuck and I'm sure I've shared that same advice!)
Early conviction pays off. @mmurph believed the foundation layer had room for two big players, today he sees @Anthropic poised to lead. Here he tells @CNBC why his conversations with Dario convinced him to bet on Anthropic before Claude had ever released.
My partner @mmurph on why he wrote @MenloVenturesβ largest check ever into @AnthropicAI when they just went to market. Today they have over 300k enterprise customers π₯
@AnthropicAI is on a tear--and not so under-the-radar anymore!
β’ 10Γ revenue growth for three years straight
β’ ~85% of revenue from enterprises
β’ Claude now default model for teams that ship software and value reliability
@MenloVentures@mmurph w/@cnbc on why he invested early
CNBC published a thoughtful profile on the brother sister duo leading incredible momentum driving @AnthropicAI and how Dario and Daniela created a competive advantage with their initial focus on enterprise customers who valued the company's focus on trust and safety.
As part of their reporting, they asked @mmurph what inspired him to lead an early round in the company--before Anthropic even had a product in market.
More from @cnbc@KENZIESIGALOS https://t.co/jVQostvkRA
Loved seeing so many @MenloVentures backed founders at our JPM event last night! Healthcare is energized right now and everyone at #JPM26 is excited for the breakthroughs that are coming!
The team at Menlo will be there at the forefront.
π¨JUST DROPPED - Our 2025 State of AI in Healthcare report shows the $4.9T healthcare industry is the leading adopter of AI, deploying AI 2.2Γ faster than the broader economy, with $740B in services budget shifting to software. HUGE opportunity for startups.
π₯ 22% of healthcare organizations have already implemented domain-specific AI tools, a 7Γ jump since last year.
π° $1.4B in healthcare AI spend this year (triple 2024 levels!) making it the fastest-growing vertical AI market, ahead of legal, financial, and media.
π Startups capture 85% of that spending, outpacing incumbents like Epic with AI-native products that deliver faster ROI.
Where dollars are flowing:
$600M β Ambient scribes like @AbridgeHQ, @AmbienceAI
$450M β Coding & billing automation like @CommureOS, @AdonisRcm,
$100M+ β Patient engagement (+20Γ YoY) @doctronic, @assort_health
$100M+ β Prior authorization (+10Γ YoY) @Tandem, @mandolin_ai
$50M+ β Payor Operations (5x YoY) @DistylAI, @AutonomizeAI
Meanwhile, health systems like Kaiser Permanente, Mayo Clinic, and Advocate Health are rolling out AI at unprecedented speed, compressing procurement cycles from 8 months to under 6 and investing billions to reshape care delivery.
Even payers and pharma are adopting AI, from proprietary drug-discovery models to AI claims negotiations.
π Read the full Menlo Ventures report β https://t.co/axwOra4smE
Kudos to @grgyap@derekgxiao@hu_j@jpsanday@CroomBeatty@TiffanyLSpencer