Menlo Ventures Invests in Factory

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; Factory&comma; a company specializing in self-improving software development&comma; announced that Menlo Ventures has invested in the company&comma; led by Matt Murphy&comma; Managing Partner&period; Murphy has spent more than two decades investing through major shifts in enterprise technology and has emerged as a leading investor in the AI era&period; At the outset of the generative AI transformation&comma; he led Menlo’s pre-product investment in Anthropic and has since backed companies reshaping the AI and software development stack&period; His investment in Factory reflects a shared view of where software development is heading&colon; toward autonomous software engineering that is governable&comma; flexible&comma; and measurable&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Matt is one of the legends of Silicon Valley&period; High integrity&comma; high conviction&comma; and incredible results&period; He has a track record of recognizing winners before they become obvious&comma;” said Matan Grinberg&comma; CEO and cofounder of Factory&period; &OpenCurlyDoubleQuote;We are moving from a world where engineers build software to a world where engineers build the factories that build the software&period; Matt and Menlo share our conviction in that future&comma; and we’re excited to have him on board as we build it&period;”<&sol;p>&NewLine;<p>Factory is building for a future in which every enterprise operates its own autonomous software factory&comma; with engineering teams defining intent and governing outcomes while autonomous systems carry work from an idea through implementation and ongoing improvement&period;<&sol;p>&NewLine;<p>As enterprises entrust more software development to autonomous systems&comma; Factory believes they will need greater control over those systems&comma; including which AI models they use&comma; where their software and engineering context reside&comma; and how autonomous work is governed&period; Factory is built around model independence&comma; sovereign intelligence&comma; and continual improvement&comma; allowing organizations to operate autonomous software development within their own security&comma; infrastructure&comma; and governance requirements&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Matan&comma; Eno and the Factory team are building for a shift in software that I believe will be every bit as significant as the shifts we’ve seen in AI models themselves&comma;” said Murphy&period; &OpenCurlyDoubleQuote;When we invested in Anthropic&comma; there was plenty of skepticism that they could overcome larger competitors&period; They stayed focused on the things that mattered and the results speak for themselves&period; I see that same combination of principles&comma; talent&comma; and execution at Factory&period; There’s a lot more coming&comma; and I’m thrilled to be part of the journey&period;”<&sol;p>&NewLine;<p>Factory works with organizations including NVIDIA&comma; Blackstone&comma; Palo Alto Networks&comma; Adyen and EY&period; The company recently raised a &dollar;200 million funding round at a &dollar;5 billion valuation and has expanded globally with offices in San Francisco&comma; New York&comma; London and Japan&period;<&sol;p>&NewLine;