Menlo Ventures partner Matt Murphy and his team announced Monday in a blog post that the firm has invested in AI coding startup Factory. Menlo declined to comment on how much it invested but said the deal was part of Factory’s latest funding round announced last month at a $5 billion valuation. A source familiar with the deal told us the investment was significant to Menlo — not a token gesture — and that Menlo would have invested more had there been room on the cap table. Ordinarily, som…
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