Menlo Ventures, which in October raised $500 million for its 15th main early-stage fund, has bolstered its investment team by adding Tim Tully as a partner.
Tully was most recently chief technology officer for Splunk, where he led the product, engineering, IT and security teams. At Menlo Ventures, he will focus on early-stage next-gen cloud infrastructure, specifically AI/ML platforms, dev-ops and the new data stack.
He will also advise on early-growth investments that the firm makes with its Inflection Fund, a $500 million vehicle it raised two years ago to back companies in between the early-stage and the breakout stage of growth.
Tully will officially join the firm in May.
Menlo Ventures was not a backer of Splunk, a venture-backed company data software company that went public in 2012. But while at Splunk, Tully worked on 10 of the company’s acquisitions (SignalFx, Omnition, Phantom Cyber, Victorops, Streamlio, Plumbr, Flowmill, Rigor, Rocana and SignalSense) and he worked with the company’s VC arm, Splunk Ventures, which launched in 2019.
At Menlo Ventures, a 43-year-old venture firm, he joins a team that has been remade in recent years. Partner Naomi Ionita joined in 2018 to focus on B2B SaaS and was preceded by Greg Yap, who came aboard in 2017 to lead life sciences and digital health investing at the firm.
Shawn Carolan rejoined the firm in 2016 and Matt Murphy came over from Kleiner Perkins in 2015.
The other partners include Venky Ganesan, who joined more than eight years ago, JP Sanday, Steve Sloane and Tyler Sosin.