USA – Menlo Park, CA-based venture capital firm Menlo Ventures added Tim Tully as a new partner.
Tully will join Menlo Ventures in May, transitioning into venture capital from Splunk (NASDAQ: SPLK), where he was the Chief Technology Officer and led the product, engineering, IT and security teams. He will bring his deep engineering experience to his investments of Menlo XV, a $500m early-stage fund launched in October 2020. Tully will focus on next-gen cloud infrastructure, specifically AI/ML platforms, devops, and the new data stack. He will also advise on early-growth investments considered by Menlo’s Inflection Fund.While CTO of Splunk, Tully oversaw the company’s shift to the cloud. He was responsible for 10 of Splunk’s acquisitions (SignalFx, Omnition, Phantom Cyber, Victorops, Streamlio, Plumbr, Flowmill, Rigor, Rocana, and SignalSense) and also worked with Splunk’s venture capital arm. He scaled Splunk’s product, design, IT and engineering teams, tripling its product team from 600 to 1800 in less than three years, helped grow the company’s revenue to $2.5B annually with a $25B market cap. Before Splunk, Tully spent over a decade in various technical roles at Yahoo!, Sun Microsystems, and several startups. He holds an M.S. from Carnegie Mellon University and a B.S. from the University of California, Davis.Menlo Ventures is a venture capital firm that over 43 years has grown a portfolio that includes more than 70 public companies, over 100 mergers and acquisitions, and $5.5 billion under management. They invest at every stage and in every sector, with expertise in Consumer, Enterprise, and Healthcare. Portfolio companies include Benchling, Chime, Carta, Poshmark, Uber, and Roku.16/04/2021
