Kraning Joins Menlo Ventures to Drive AI Investments
Company - People | Apr 10, 2025 | EIN
Menlo Ventures has announced the appointment of Matt Kraning as its newest partner to lead investments in AI, enterprise SaaS, national defense, and cybersecurity. Kraning, co-founder and former CTO of Expanse, brings extensive expertise in AI and cybersecurity, having previously developed AI-driven technologies for Fortune 500 companies and large government agencies. His transition to venture capital occurs as AI technology is reshaping industries. Kraning emphasizes the transformative potential of AI, stressing that businesses which can offer comprehensive, impactful solutions will prevail. Menlo Ventures, known for its deep technical investment team, has already backed several innovative AI startups and sees Kraning’s role as pivotal in continuing this trajectory. With a broad portfolio and $5.8 billion under management, Menlo Ventures is committed to supporting the next generation of AI-first businesses and shaping the future of innovation.
Sectors
- Venture Capital
- Artificial Intelligence
- Cybersecurity
Geography
- United States – Menlo Ventures operates in Silicon Valley, California, and many involved companies and sectors are part of the US technology landscape.
Industry
- Venture Capital – Menlo Ventures is a venture capital firm engaged in investment activities, highlighting this as the core industry.
- Artificial Intelligence – The article focuses on AI investments and Matt Kraning’s expertise in this sector, which is a primary area of focus for Menlo Ventures.
- Cybersecurity – Kraning's background and the investment focus include cybersecurity, indicating its relevance to the article.
Financials
- $1.25 billion – The acquisition price of Expanse by Palo Alto Networks.
- $5.8 billion – The amount of assets currently under management by Menlo Ventures.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Matt Kraning | Partner | People | New partner at Menlo Ventures, focusing on AI investments, former co-founder, and CTO of Expanse. |
| Menlo Ventures | Venture Capital Firm | Company | A leading venture capital firm that supports and invests in various sectors, with a current focus on AI. |
| Expanse | Former Company of Matt Kraning | Company | Category-creating data and cybersecurity company co-founded by Matt Kraning; acquired by Palo Alto Networks. |
| Palo Alto Networks | Acquirer of Expanse | Company | Cybersecurity company that acquired Expanse for $1.25 billion. |
| Venky Ganesan | Partner | People | Partner at Menlo Ventures who commented on the significance of hiring Matt Kraning. |
| Matt Murphy | Partner | People | Partner at Menlo Ventures who highlighted the firm’s AI investment strategy. |