Menlo’s 2026 State of Consumer AI report is here.  The headline: adoption barely moved this year, but global spend tripled to $40B and existing users went deeper. 55% of AI users now pay for at least one product 25% of Americans use AI every day The story isn't how many people have tried AI. It's what happens as the relationship deepens across time, money, tasks, and autonomy. Full report from @shawnvc, @amywumartin and @samanthasborja here: mnlo.vc/ConsumerAI_26

I've been a huge @atkland fan for a long time. Now we get to work together during the most exciting time backing AI leaders. Welcome to @MenloVentures!

Menlo’s @mmurph sat down with @HarryStebbings on @20vcFund for a wide-ranging conversation on how Menlo thinks about venture right now — from leading @AnthropicAI's early rounds when the opportunity didn't fit any playbook, to backing @Lovable, @WeAreLegora, @WisprFlow, & @OpenRouter as they redefine what's possible in AI-native software and infrastructure. Matt breaks down the barbell strategy behind it: going earlier at seed, bigger at growth, and why ownership matters less than it used to in an era of outlier outcomes. 🧵

Today we raised a $120M Series C at a $1.2B valuation, led by @MenloVentures. We now have over $220M to become the standard for how healthcare providers transform the patient journey with AI. As a medical student at UCSF, I watched patients fall through the cracks for reasons that had nothing to do with medicine. Healthcare has spent decades improving clinical outcomes, yet patients were still repeating their story, navigating disconnected systems, and too often giving up before they got the care they needed. I couldn't accept that patients spent more time on hold than with their doctors. It felt like one of the biggest unsolved problems in healthcare. So I left to build @assort_health. Our first chapter was learning how complex each practice's care protocols really are. It took us months to build a single agent. That's why we built Synapse, our agentic model. It gets sharper with every edge case it sees, and with 190M+ patient interactions behind it, no one's model has seen more. That's what lets non-technical people build agents in weeks, even for the most complex workflows, with industry-leading automation rates. This is how we grew revenue 20x in 15 months, as leading providers chose the one platform proven to handle the complexity of healthcare workflows at scale. But this was always meant to be just the first chapter. The first interaction isn't only where care begins. It's where patient context is created. Get that right, and every step after becomes easier. Today we're a platform for the whole journey. Our AI agents answer calls, schedule appointments, manage referrals, complete intake, refill medications, reach patients proactively, and collect payments, all personalized to each patient. Grateful to @jpsanday, Matt Murphy and the team at Menlo Ventures for leading, and to @lightspeedvp, @felicis, First Round Capital, Chemistry, @QuietCapital, and Joe Montana for backing us again. To the Assort team: none of this happens without your relentless focus and care. Fired up to build Healthcare that Remembers alongside you. Still Day One.

Today we're announcing a $120 million Series C led by Menlo Ventures , bringing Assort Health's total funding to $222 million and our valuation to $1.2 billion. The number is a milestone. But it was never the point. Growing up, I was a patient transport volunteer. I helped people physically get to appointments and navigate a healthcare system that often didn't make sense to them. For some, simply having someone there to help made all the difference. Helping one patient get the care they needed was rewarding. But it was one person at a time. That experience has stayed with me. It's why Assort exists: to make exceptional healthcare accessible anytime, anywhere, for anyone, and to reach as many patients as possible. This funding is fuel for that mission. Every call, text, referral, form, appointment, and outreach creates context. Without Assort, context gets lost. Patients repeat themselves. Staff become the glue between systems that don't talk. Follow-ups slip. People fall through the cracks. Care gets delayed. Not because healthcare lacks information. Because it lacks continuity. What started as an AI agent answering phone calls has grown into a platform that schedules appointments, manages referrals, completes intake, proactively reaches patients, and helps healthcare organizations run the operational work for every visit. The part that matters most is that every interaction builds on the last. We call this Patient Journey Memory: turning disconnected touchpoints into one continuous conversation, so patients don't have to start over every step. Our brand film says it simply: Healthcare That Remembers. With this funding, we'll reach far more patients, serve many more healthcare organizations, keep building the product, and bring exceptional people onto the team. One full-circle detail: in the cofounder-dating questionnaire Jon Wang and I filled out before starting Assort, I wrote that building a company worth $100 million would be an incredible outcome. We've now passed that by more than 10x. It's a surreal milestone, and a reminder that the problem and opportunity are far bigger than we thought. None of this is ours alone. To the customers and partners who trusted us early, challenged our thinking, and shaped Assort: thank you. You took a chance on a young company, held us to a very high standard, and made us better than we could have become on our own. To @jpsanday and @mmurph from Menlo Ventures and all new and returning investors: thank you for believing in our team and our mission. And to the Assort team: building AI systems in healthcare is hard. Building them in a way that patients trust and healthcare organizations rely on every day is even harder. Thank you for how much you care, how hard you push, and the standard you continue to set. We're still early. There are more patients to reach and a lot to build. That's why we're excited. Come help make healthcare remember every patient. We're hiring. DM me!

Healthcare is adopting AI faster than anything I've seen. The reason: it's finally letting providers do what they went into medicine to do. And patients are getting the experience they've always deserved but rarely received. We're excited to be part of this next chapter!

Menlo is 50 years in — and all in on AI. Today, we’re announcing $3B in new capital to back the next generation of AI founders. The companies that will define the next era are being built right now. We’re ready to meet the moment. Read more: mnlo.vc/3b-for-ai

Thrilled to double down on @suno's $400M round, after leading its Series C last fall! Suno is making creation itself a form of entertainment. Millions of songs generated every day. This is the broader Menlo thesis: AI won't just change how content is produced, it'll change how people spend their time. We see it with Suno in music, @higgsfield_ai in video, @Lovable in solopreneurship, and @AnthropicAI across it all. Congrats to @MikeyShulman, @GeorgKucsko, @fut_ure, and the whole Suno team. More from @amywumartin: mnlo.vc/doubling-down-on-sun…

We are thrilled to celebrate @Anthropic's $65B Series H at a $965B post-money valuation. Anthropic is Menlo's single largest and highest-conviction investment in our 50-year history — and it's not even close. This round marks our largest single investment in any round since our partnership began. Our relationship with @AnthropicAI, goes way back: → Invested in their Series C, 2023 — PRE-launch, PRE-revenue → Led their Series D, 2024 → Significant backers in every round since → And in July 2024, co-launched the $100M Anthology Fund with them to seed the next generation of AI-native companies Three years into this partnership, we continue to be blown away by everything they've built. $47B+ run-rate revenue. 40%+ enterprise LLM market share. Claude Opus 4.8 launching today. Web traffic from 16M → 290M monthly visits in 13 months. Enterprise AI and consumer AI. Both. Congratulations to @DarioAmodei, @DanielaAmodei. and the entire Anthropic team. You are building one of the most important companies of our generation.

We’re excited to share that Nourish has raised a $100M Series C, bringing our total funding to $215M 🚀 The round was led by @MenloVentures, with participation from @ThriveCapital, @IndexVentures, @ycombinator, @jpmorgan Growth Equity Partners, Maverick Ventures, @BoxGroup, @atomico, @daybreak_fund, and Operator Partners. Nearly 200 million Americans live with nutrition-related chronic conditions, yet care today is expensive, reactive, fragmented, and doesn't make people healthier. Nourish has built the AI-native metabolic care model to change that - driving the personalized behavior and lifestyle change that deliver real clinical outcomes at a low cost and great patient experience. In just four years, Nourish has grown to 10,000+ Registered Dietitians - the largest in the country - completed millions of appointments, and more than tripled year-over-year. Nourish has partnered with hundreds of the nation’s leading health plans to provide broad access for more than 200 million covered lives. Nourish has tens of thousands of providers from over 250 health systems referring hundreds of thousands of patients to Nourish’s care model. Most importantly, we’re helping patients get healthier: - 8% average weight loss - 1.3-point average A1C reduction - 31-point average LDL reduction - 23-point average systolic blood pressure reduction This next chapter will help us grow our clinical network, accelerate investment in AI agents for patients and providers, continue building a metabolic health clinic centered around real patient outcomes, and deepen partnerships with health plans, employers, and health systems. Thank you to our patients, providers, partners, and team for helping make this possible🧡 Read more here:

Menlo is leading @nourish's $100M Series C 🎉 We've been building toward this thesis for years: personalized, insurance-covered care that increases access, improves outcomes, and lowers cost. @GrowTherapy_ did it for behavioral health, @solacehealth_ for patient advocacy, @function for diagnostics. Nourish is doing it for cardiometabolic care. More from @jpsanday @grgyap @derekgxiao @sabrinarlu: mnlo.vc/nourish-series-c

Proud to lead @nectarsocialai's $30M Series A—building the agentic OS for modern marketing 🎉 Less than a year out of stealth: 10M+ autonomous conversations/week (up 5x in 3 months), $100M attributed revenue, 50M engaged users. Customers include e.l.f. Beauty and Liquid Death. Congrats to @misbahuz, @farahura, and the entire Nectar team! More from @amywumartin and @CCgong: mnlo.vc/nectar-social-series…

Proud to see three Menlo-backed companies on @TIME's 100 Most Influential Companies of 2026 🚀 @AnthropicAI: "Steadfast AI lab" @Lovable: "Software for the 99%" @Chime: "Banking for the masses" Congratulations to all three teams!

Skills-based hiring, now for teams of every size! Great product velocity coming from @CodeSignalCom

As AI collapses the cost of building, one-person companies become inevitable. You can see that shift in our investments--with TEN Menlo portfolio companies named to @notablecap's Prosumer AI 40. Congrats to the teams at @askalphaxiv @AnthropicAI @CompositeAI @florafaunaai @higgsfield @Lovable @openevidence @suno_ai_ @WisprFlow --recognized for expanding what one person can actually accomplish. notablecap.com/prosumer-ai-4…

Proud to see so many Menlo-backed companies on the Forbes AI 50 list this year, and @Accordance, @axiommathai, @flappyairplanes, @OpenRouter and @WisprFlow on the inaugural Brink list for early-stage startups. Congrats! 🎉

Congratulations to @GrowTherapy_ for topping @FT's list of The Americas' Fastest Growing Companies in 2026 at #1! We're proud to partner together 💪 See the full list here: ft.com/content/3d3b5406-b7e6…

Incredible to see so many Menlo-backed companies on @Wing_VC and @EricNewcomer's 2026 Enterprise Tech 30 list! Congrats to @AnthropicAI, @AbnormalAI, @cursor_ai, @databricks, @WeAreLegora, @Lovable, @openevidence, @OpenRouter and @WisprFlow 🎉 See the full list: wing.vc/et30#ET30

We've known Jake & team since 2022. Their execution has been exceptional and now they're using AI to push beyond access into measurable outcomes & value-based care. This is exactly the kind of company we love to back: mission-driven, category-defining, and just getting started.

Thrilled to announce two well-deserved promotions! 👏 @y2kandace → VP of GTM Talent @samanthasborja → Investor Kandace has been a game-changer for our portfolio since 2022. Sam joined in 2023, hit the ground running, and was just named a @BusinessInsider Rising Star. Congrats to both! 🎉