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- Factory
Factory Valuation, Funding & Investors
Factory is valued at $5B as of September 2026.
Last Factory valuation
$5B
Undisclosed stage · Sep 2026
Last Factory funding round
$200M
Undisclosed stage · Sep 2026
Cumulative funding Factory raised
$420M
across 5 funding rounds
Key investors in Factory
Sequoia Capital
MANTIS Venture Capital
New Enterprise Associates
Abstract
Khosla Ventures
Insight Partners
About Factory
Factory is a developer of AI agents named Droids that handle full software development tasks such as refactoring and migrations. San Francisco-headquartered, it integrates agents into IDEs, CLIs, browsers, and collaboration tools like Slack, offering enterprise-grade security for vendor-agnostic automation.
Founded
2023
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$5B (Sep 2026)
Factory Valuation
Factory is currently valued at $5B, based on its undisclosed-stage round in September 2026.
The $200M round included Sound Ventures, Blackstone Digital Infr, Nico Rosberg, Brad Gerstner, New Enterprise Associates and 7 other investors.
Factory's valuation has grown 42x from $120M at its Series A in June 2024 to $5B in September 2026, across 4 priced rounds.
Factory valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2026 | Undisclosed stage | $5B |
| Apr 2026 | Series C | $1.5B |
| Sep 2025 | Series B | $300M |
| Jun 2024 | Series A | $120M |
Factory Funding History
Factory has raised a total of $420M across 5 funding rounds.
Factory's first fundraising round was a $5M seed round in November 2023. The most recent completed round was a $200M undisclosed-stage round in September 2026.
Factory funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2026 | Undisclosed stage | Sound Ventures; Blackstone Digital Infr; Nico Rosberg; Brad Gerstner; New Enterprise Associates; Clearlake Capital; Khosla Ventures; Evantic Capital; Sequoia Capital; Insight Partners; Marc Benioff; MANTIS Venture Capital | $200M | $5B | Factory raised $200 million in a September 15, 2026 financing at a $5 billion post-money valuation, with Blackstone, Khosla Ventures, Sequoia Capital, Insight Partners, Evantic Capital, Sound Ventures, New Enterprise Associates, Mantis VC, and Clearlake Capital participating alongside angel investors including Nico Rosberg, Brad Gerstner, and Marc Benioff. The company issued convertible preferred shares in the transaction, and the capital was positioned to accelerate research, product development, and global go-to-market expansion. Factory is a San Francisco-based enterprise software company building self-improving software development tools and AI agents for engineering teams. The round followed an earlier April 2026 financing at a $1.5 billion valuation and brought total funding to more than $400 million, reflecting rapid investor backing for its enterprise AI coding platform and associated product scaling. |
| Apr 2026 | Series C | Khosla Ventures (lead); New Enterprise Associates; Blackstone; Evantic Capital; Sequoia Capital; Abstract; Insight Partners; 20VC; MANTIS Venture Capital | $150M | $1.5B | - |
| Sep 2025 | Series B | New Enterprise Associates (lead); NVIDIA; Frank Slootman; Nikesh Arora; JPMorgan Chase; Sequoia Capital; Abstract; QuantumLight; MANTIS Venture Capital; Aaron Levie | $50M | $300M | - |
| Jun 2024 | Series A | Sequoia Capital (lead); Lux Capital; Abstract; MANTIS Venture Capital | $15M | $120M | Factory develops AI-driven software development agents that deliver measurable enterprise outcomes in dev lifecycles. The company raised $15 million in its Series A round in June 2024 at a post-money valuation of $120 million, led by Sequoia Capital with participation from Lux Capital and Mantis Venture Capital. Proceeds supported team growth and customer acquisition. Factory doubled its month-over-month customer base, serving clients like Bubble, Nav, and Podium, while achieving the #1 position on SWE-bench. Total funding exceeded $20 million at that stage. The round reflected strong investor confidence in agentic AI's potential amid rapid product advancements. Investors highlighted Factory's flexibility across tools and models, enabling enterprises to adopt and scale the technology for real value. |
| Nov 2023 | Seed | Lux Capital (lead); Sequoia Capital (lead); Clément Delangue; SV Angel; BoxGroup; Ali Ghodsi; Factorial Capital | $5M | - | - |
Who has invested in Factory?
27 investors have backed Factory across its funding rounds, including Sequoia Capital, MANTIS Venture Capital, New Enterprise Associates, Abstract, Khosla Ventures and Insight Partners.
Lead investors include Khosla Ventures, New Enterprise Associates, Sequoia Capital and Lux Capital.
Factory Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | Nov 2023 | ||
| 4 | Participant | Jun 2024 | ||
| 3 | Lead | Sep 2025 | ||
| 3 | Participant | Jun 2024 | ||
| 2 | Lead | Nov 2023 | ||
| 2 | Lead | Apr 2026 | ||
| 2 | Participant | Apr 2026 | ||
| 2 | Participant | Apr 2026 | ||
| 1 | Participant | Sep 2025 | ||
| 1 | Participant | Nov 2023 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Sep 2025 | ||
This data is available for Pro users. Sign up to see all 27 Factory investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInvestments by Factory
Factory has invested in 2 companies to date.
Latest investment by Factory was on July 29th 2026. Factory invested in Simile in their $200M Series B round.
Latest Investments by Factory
| Description | Simile is an AI platform enhancing team communication and collaboration by automating content generation, conversation management, and interaction analysis across digital channels. | Engram is an artificial intelligence startup that builds a persistent learned memory layer. The layer helps enterprise AI models understand and retain an organization's specific context. |
| HQ Country | ||
| HQ City | - | San Francisco, CA |
| Deal Date | 29 Jul 2026 | 22 Jun 2026 |
| Round | Series B | Seed |
| Raised | $200M | $98M |
| Investors | Greenoaks; Index Ventures; Hanabi Capital; Definition; CVS Health Ventures; Bain Capital Ventures; A* | General Catalyst; Pieter Abbeel; Assaf Rappaport; SV Angel; Kleiner Perkins; Merav Bahat; Neo; Ofir Ehrlich; Sequoia Capital; Amplify Partners; Andrej Karpathy |
| Valuation | $2B | $600M |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Factory investments and their VC round multiples. Start Free Trial | ||
Factory Competitors
Factory competitors include listed companies like C3.ai and MongoDB, and private ones like Modal Labs, Legora, Reflection.Ai and Lovable.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $300M | - | $4.7B | 15.5x | ||
| Private | $100M | - | $5.6B | 56.0x | ||
| Private | - | - | $8B | - | ||
| Private | $500M | - | $13B | 26.6x | ||
| Publicly listed | $250M | ($484M) | $1.7B | 4.5x | ||
| Publicly listed | $2.5B | ($104M) | $32B | 10.4x |
Factory Public Comps
Factory is still privately-owned, but its public comps include Presight AI, Tenable, SenseTime Group, XtalPi, CorVel, Shenzhen Intellifusion, Liftoff Mobile, UiPath, SoundHound and Intsig Information.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $825M | $214M | 6.3x | 5.4x | 24.4x | 20.8x | |||
| $999M | $31M | 4.1x | 3.9x | 129.9x | 15.3x | |||
| $748M | ($70M) | 6.9x | 5.8x | (73.5x) | 113.7x | |||
| $120M | $22M | 24.8x | 21.5x | 134.0x | (141.6x) | |||
| $959M | $175M | 3.5x | - | 19.1x | - | |||
| $200M | ($3M) | 14.3x | 14.6x | (952.5x) | (1086.5x) | |||
| $686M | $203M | 5.9x | - | 20.0x | - | |||
| $1.6B | $70M | 3.7x | 3.5x | 85.8x | 13.7x | |||
This data is available for Pro users. Sign up to see all Factory competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Factory
| When was Factory founded? | Factory was founded in 2023. |
| Where is Factory headquartered? | Factory is headquartered in San Francisco, CA, United States. |
| Is Factory publicly listed? | No, Factory is a private, VC-backed company. |
| What is Factory's valuation? | Factory was last valued at $5B in its undisclosed-stage round in September 2026. |
| How much funding has Factory raised? | Factory has raised $420M across 5 funding rounds. |
| What was Factory's last funding round? | Factory's last funding round was a $200M undisclosed-stage round in September 2026. |
| Who are Factory's investors? | Factory's investors include Sequoia Capital, MANTIS Venture Capital, New Enterprise Associates, Abstract, Lux Capital, Khosla Ventures, Evantic Capital, Insight Partners, NVIDIA, Clément Delangue and 17 others. |
| Which companies are comparable to Factory? | Companies comparable to Factory include Modal Labs, Legora, Reflection.Ai, Lovable, C3.ai and MongoDB. |
| How many companies has Factory invested in? | Factory has invested in 2 companies, including Simile and Engram. |
| What was Factory's last investment? | In July 2026, Factory invested in Simile's $200M Series B alongside Greenoaks, Index Ventures, Hanabi Capital and 4 other investors. |
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