Factory

Private

Factory builds AI-powered software development agents called Droids that automate complex engineering tasks like code review, refactoring, migrations, and testing for enterprise teams. The platform integrates into existing developer environments and is vendor-agnostic across foundation models. Clients include Morgan Stanley, Ernst & Young, Palo Alto Networks, NVIDIA, MongoDB, Zapier, and Bayer.

Founders Matan Grinberg, Eno Reyes

CEO Matan Grinberg

Company

Founded

2023

Headquarters

San Francisco, United States

Financials

Total Funding

$220M

Last Valuation

$1.5B

Sectors

Artificial Intelligence Developer Tools Enterprise Software

factory.ai

Funding History

4 rounds

Series C Apr 16, 2026

$150M

Valuation: $1.5B

Khosla Ventures (Lead) Sequoia Capital Insight Partners Blackstone

Series B Sep 25, 2025

$50M

Valuation: $300M

NEA (Lead) Sequoia Capital NVIDIA J.P. Morgan Abstract Ventures Mantis VC

Series A Jun 18, 2024

$15M

Valuation: $120M

Sequoia Capital (Lead) Lux Capital Mantis VC

Seed Nov 2, 2023

$5M

Sequoia Capital (Lead) Lux Capital SV Angel BoxGroup

Funding data is compiled from multiple independent sources including company announcements, press coverage, and regulatory filings. While we strive for accuracy, amounts and dates may reflect reported figures at time of announcement.