Factory Raises $150 Million Series C

Factory, an AI-native software development platform, led by Matan Grinberg and Eno Reyes, has raised $150M Series C led by Khosla Ventures with participation from Sequoia Capital, Blackstone, Insight Partners, Evantic Capital, 20VC, NEA, and Mantis VC. This puts Factory's valuation at $1.5B and will accelerate investment in research, product, and global go-to-market.

Factory was founded to bring autonomy to software engineering, with its “Droids” now used by hundreds of thousands of developers across enterprises like Nvidia, Adobe, EY, Palo Alto Networks, and Adyen.

Revenue has doubled month-over-month for six months, as companies adopt the platform to build autonomous software factories across the development lifecycle.

The Factory platform has undergone a step-function evolution, with Droids advancing from software development agents into full-spectrum autonomous systems operating across multiple functions.

New capabilities include Missions, which enable coordinated, multi-step workflows across agents, and Factory Desktop, which brings Droids directly to local environments with full system access. This expands their scope to handle virtually any computer-based task, while maintaining top performance across leading development agent benchmarks.

The team brings together talent across engineering, research, operations, and go-to-market from leading global organizations. Hiring is focused on speed and conviction, with a shared belief that autonomous software engineering is both inevitable and imminent.

The platform is designed for agent-native development, where software is produced by autonomous systems operating in parallel rather than being written line by line.

The next phase focuses on optimized model routing and cost control, always-on agents, enterprise-grade governance, and measurable evaluation of agent readiness and performance at scale.