All posts tagged: menlo ventures

Marketing operating system Nectar Social raises M Series A led by Menlo

Marketing operating system Nectar Social raises $30M Series A led by Menlo

AI-powered marketing platform Nectar Social announced Thursday that it raised a $30 million Series A round led by Menlo Ventures and its Anthology Fund, which was created alongside Anthropic. The company, which officially exited stealth last year, is an agentic operating system for marketers. It told TechCrunch that it uses autonomous AI agents to help brands run “social activity, moderation, creator workflows, competitive intelligence and commerce conversations end-to-end.” It also has data partnerships with companies like Meta and Reddit that allows the Nectar agent pull and pool data into one place from various platforms, rather than brands needing to use different tools to manage different platforms. Nectar Social was founded by sisters Misbah and Farah Uraizee, ex-Meta employees. Misbah, the CEO, told TechCrunch that this round will help the company expand and hire more across applied AI, enginnering, and go to market. “The buying conversation has moved into social, and no human team can staff every place it happens,” Misbah said. “We’re accelerating our category lead in building the operating system that lets brands show …

The kids ‘picked last in gym class’ gear up for Super Bowl

The kids ‘picked last in gym class’ gear up for Super Bowl

The Super Bowl is happening in Silicon Valley this Sunday, and the Patriots-Seahawks game at Levi’s Stadium is going to be packed with tech money. YouTube CEO Neal Mohan is expected to be there. Apple’s Tim Cook, too. (He has become a Super Bowl fixture since Apple Music began sponsoring the halftime show several years ago.) Longtime VC Venky Ganesan from Menlo Ventures gave the New York Times a quote about the whole thing, saying the Super Bowl in the Bay Area is “tech billionaires who got picked last in gym class paying $50,000 to pretend they’re friends with the guys who got picked first.” Added Ganesan, “And for the record, I, too, was picked last in gym class.” Ganesan could likely afford a $50,000 ticket if he needed one. Menlo went all-in on Anthropic, setting up a $100 million fund with the AI company in summer 2024 to invest in other AI startups. The firm has also joined numerous funding rounds for Anthropic itself, both through its flagship fund and various special purpose vehicles. …