Menlo Ventures has invested in AI coding startup Factory, joining the cap table at a $5 billion valuation despite recent public disputes involving the company's leadership.
Factory CEO Matan Grinberg has fired board advisor Chris Degnan, alleging he leaked confidential information to competitor Cognition before joining the firm as its new chief revenue officer.
Moonshot AI has denied reports regarding a potential dual listing in Hong Kong and Shanghai, following rumors about the company's plans to raise capital through public markets.
New York City startups Rightway Healthcare, Clay, and Savvy Wealth have raised significant funding rounds totaling hundreds of millions of dollars.
New York City startups raised $837.9 million across 34 deals in August 2026, with late-stage rounds accounting for 71% of the total capital.
