Kraning Joins Menlo Ventures as AI-Focused Investing Partner
Investor - People | Apr 10, 2025 | Menlo Ventures
Menlo Ventures has appointed Matt Kraning as its newest investing partner, highlighting its strategic focus on artificial intelligence (AI), enterprise SaaS, national defense, and cybersecurity. Kraning, co-founder and former CTO of Expanse, is known for his role in creating the AI-driven attack surface management category. Expanse was acquired by Palo Alto Networks for $1.25 billion in 2020, underscoring Kraning's prowess in scaling AI firms. With a diverse portfolio including over 50 investments and advisory roles, Kraning is well-positioned to aid Menlo Ventures in navigating the rapidly evolving AI landscape. Menlo Ventures has bolstered its team with individuals who have demonstrated prowess in building AI-intensive systems, signaling its commitment to technologically ambitious founders. Kraning's recruitment is timely as Menlo aims to support the creation of AI-native companies, leveraging his unique experience in the field to offer unparalleled insight and guidance to technical founders.
Sectors
- Venture Capital
- Artificial Intelligence
- Cybersecurity
- Enterprise Software
Geography
- United States – Menlo Ventures and Matt Kraning's previous company, Expanse, both operate within the US market.
Industry
- Venture Capital – The article is about Menlo Ventures, a venture capital firm, and its new appointment to strengthen its investment strategy.
- Artificial Intelligence – The article focuses on AI as a key strategic area for investments by Menlo Ventures and Matt Kraning.
- Cybersecurity – Matt Kraning's background in AI-driven cybersecurity and his role at Expanse are relevant to this industry.
- Enterprise Software – The article mentions enterprise SaaS as a focal area for Matt Kraning's investment strategy at Menlo Ventures.
Financials
- 1.25 billion – Acquisition price of Expanse by Palo Alto Networks in 2020.
- 12 million – Amount Matt Kraning personally led in funding for Wispr Flow.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Menlo Ventures | Private Equity Firm | Company | A venture capital firm focused on investing in transformative technologies, including AI and cybersecurity. |
| Matt Kraning | Investing Partner | Person | Recently joined Menlo Ventures, ex-CTO of Expanse, known for AI and cybersecurity expertise. |
| Expanse | Target Company | Company | An AI-driven attack surface management company co-founded by Matt Kraning, acquired by Palo Alto Networks. |
| Palo Alto Networks | Acquirer | Company | Acquired Expanse for $1.25 billion, operates in cybersecurity. |