Menlo Ventures

This just in: Menlo Ventures’ 2026 The State of Enterprise AI report is live.

In 2026, enterprise AI spend skyrocketed 5.4x from $33B to $177B in a single year.

The full report covers how AI became an economy-scale force this year, and shows where the dollars are going, which markets are working, and which models buyers choose.

More from @timt, @mejoff, @deedydas, and @derekgxiao: mnlo.vc/enterprise-ai-…

Software infrastructure was built for people: human-paced, one session at a time, provisioned once and left running.

Agents run at machine speed, in parallel, spinning resources up and discarding them as needed. 74% of builders now use agents. Our State of Enteprise AI report shows the stack is changing:

➡️ Code sandboxes: 11% → 40% of builders
➡️ Search: 5% → 30%
➡️ Browser infrastructure: 4% → 14%

Full report here: menlovc.com/perspective/20…

Congratulations to @OpenRouter on officially joining @stripe! 🎉

In just three years, @alexatallah and the team made OpenRouter one of the most important companies of the AI era. Stripe's acquisition is powerful validation of both what they've built and the importance of the category they helped define.

We're proud to have been a part of the journey, from the seed round to doubling down on their Series B earlier this year.

Read more from @deedydas and @mmurph: menlovc.com/perspective/st…

Menlo is excited to welcome @brielee_lu to the team as our newest investor!

Brie is focused on early-stage investments across AI, physical infrastructure (power, defense, autonomy), and the software on top of it. She believes that the best early-stage companies are often undefinable and wants to support exceptional people wherever they’re headed.

More on Brie and her focus areas here: menlovc.com/team/brie-lu/

@deedydas joined @technology & @carolmassar this morning to walk through our latest State of Enterprise AI report. They discuss:

➡️ How compute demand isn't going anywhere
➡️ Agentic AI as the primary driver
➡️ AI is actually expanding the software economy, not cannabalizing
➡️ Market share and ROI

Watch the full clip here: bloomberg.com/news/videos/20…