Menlo Ventures invests in AI coding startup Factory after Khosla spat

Menlo Ventures announced an investment in AI coding startup Factory, which was valued at $5 billion in its latest round. The firm declined to disclose the amount but a source called it significant. The move backs Factory after Vinod Khosla publicly called it a "struggling second tier competitor."

• Menlo Ventures invested in AI coding startup Factory, valued at $5 billion
• The amount was not disclosed but a source called it significant for Menlo
• Khosla had called Factory a "struggling second tier competitor"
• Menlo is not an investor in rival Cognition