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Menlo Ventures

2 mentions in 7 days · 3 in 30 days · 3 total · first seen · last

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Mecka AI nears $500M valuation in Sequoia-led deal amid rush for robot training data

Mecka AI, which collects human motion data for robot training, is nearing a Sequoia-led round at about a $500 million valuation.

Mecka AI is nearing a new funding round led by Sequoia Capital at a valuation of roughly $500 million, three months after raising $60 million led by Framework Ventures with participation from Menlo Ventures, SV Angel, and Kindred Ventures. Founded in 2024 by Josh Gao, Mogen Cheng, Jason Chong, and Duy Nguyen, the startup pays people to record everyday tasks using body sensors and smartphones to produce egocentric training data for humanoid robots. The company projected a $100 million annual run rate by the end of 2026 and competes with firms like Scale AI, Mercor, Surge, Micro1, and XDOF in the physical-world data market.

TechCrunch · AI · 4d agoAI industry 2 sources1

AI research startup Listen Labs scrubbed a $1.5B funding round for Salesforce talks

Listen Labs abandoned a signed $125M Series C term sheet at a $1.5B valuation amid acquisition talks with Salesforce at roughly $2 billion.

Listen Labs, a three-year-old voice AI market research startup with about $30 million in annualized revenue, signed a term sheet for a $125 million Series C led by Menlo Ventures at a $1.5 billion valuation but walked away before closing. The financing likely collapsed due to acquisition talks with Salesforce at around $2 billion, though no deal is finalized. Competitor Simile recently closed a $200 million Series B at a $2 billion valuation, resetting benchmarks for the sector. Listen Labs' customers include Microsoft, Canva, Anthropic, and Sweetgreen.

TechCrunch · AIupdated · 4d agofirst · 6d agoAI industry 2 sources

Lovable CTO: The Future of SaaS Is Apps That Agents Can Use

Lovable pivots from app building to exposing app functions as agent-callable capabilities via hosted MCP servers, raising a $400M Series C at a $13.3B valuation.

Lovable CTO Fabian Hedin outlined a strategy of turning published applications into agent-accessible capabilities by exposing selected functions as tools through a hosted MCP server, usable from ChatGPT, Claude, and other MCP-compatible clients. The company reports surpassing a $500M annualized revenue run rate, more than 60 million projects created, over 900 million monthly visits to Lovable-built apps, and usage by employees at nearly two-thirds of the Fortune 500. Menlo Ventures led a $400M Series C this month alongside EQT's Scaleup Europe Fund, valuing the company at $13.3 billion. Lovable evolved from the open-source GPT Engineer tool, became a commercial product in November 2024, and now competes with platforms like Vercel in AI-generated software hosting.

Latent Space · 20d agoAI industry