Summary List PlacementMenlo Ventures has hired away Tim Tully, chief technology officer of Splunk, to power up its cloud investing, Insider has learned. The newest partner at the Sand Hill Road firm will focus on companies in cloud computing, a $371 billion global market that's exploded as businesses running software on traditional servers move their infrastructure to the cloud. Tully also will advise on investments in hyper-growth companies out of the $500 million Menlo Inflection Fund.