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

Factory Overview

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

United StatesSan Francisco, CA

Website

factory.ai

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

Factory valuation by funding round
DateStageValuation
Sep 2026Undisclosed stage$5B
Apr 2026Series C$1.5B
Sep 2025Series B$300M
Jun 2024Series 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

Factory funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2026Undisclosed stageSound 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$5BFactory 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 2026Series CKhosla Ventures (lead); New Enterprise Associates; Blackstone; Evantic Capital; Sequoia Capital; Abstract; Insight Partners; 20VC; MANTIS Venture Capital$150M$1.5B-
Sep 2025Series BNew Enterprise Associates (lead); NVIDIA; Frank Slootman; Nikesh Arora; JPMorgan Chase; Sequoia Capital; Abstract; QuantumLight; MANTIS Venture Capital; Aaron Levie$50M$300M-
Jun 2024Series ASequoia Capital (lead); Lux Capital; Abstract; MANTIS Venture Capital$15M$120MFactory 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 2023SeedLux 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

Investors in Factory by funding rounds participated
InvestorHQRoundsRoleFirst check
Sequoia CapitalUnited StatesSan Francisco, CA5LeadNov 2023
MANTIS Venture CapitalUnited StatesLos Angeles, CA4ParticipantJun 2024
New Enterprise AssociatesUnited StatesSan Francisco, CA3LeadSep 2025
AbstractUnited StatesSan Francisco, CA3ParticipantJun 2024
Lux CapitalUnited StatesNew York City, NY2LeadNov 2023
Khosla VenturesUnited StatesSan Francisco, CA2LeadApr 2026
Evantic CapitalUnited KingdomManchester2ParticipantApr 2026
Insight PartnersUnited StatesNew York City, NY2ParticipantApr 2026
NVIDIAUnited StatesSan Jose, CA1ParticipantSep 2025
Clément DelangueUnited StatesNew York City, NY1ParticipantNov 2023
Sound VenturesUnited StatesLos Angeles, CA1ParticipantSep 2026
Blackstone Digital InfrUnited StatesUnited States1ParticipantSep 2026
Frank SlootmanUnited StatesSan Jose, CA1ParticipantSep 2025

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Investments 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

Simile
Engram
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 CountryUnited StatesUnited States
HQ City
-
San Francisco, CA
Deal Date29 Jul 202622 Jun 2026
RoundSeries BSeed
Raised$200M$98M
InvestorsGreenoaks; 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

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Factory Competitors

Factory competitors include listed companies like C3.ai and MongoDB, and private ones like Modal Labs, Legora, Reflection.Ai and Lovable.

Public and private companies comparable to Factory
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Modal LabsSwedenStockholmPrivate$300M-$4.7B15.5x
LegoraSwedenStockholmPrivate$100M-$5.6B56.0x
Reflection.AiUnited StatesNew York City, NYPrivate--$8B-
LovableSwedenStockholmPrivate$500M-$13B26.6x
C3.aiUnited StatesUnited StatesPublicly listed$250M($484M)$1.7B4.5x
MongoDBUnited StatesUnited StatesPublicly listed$2.5B($104M)$32B10.4x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Presight AI$825M$214M6.3x5.4x24.4x20.8x
Tenable$999M$31M4.1x3.9x129.9x15.3x
SenseTime Group$748M($70M)6.9x5.8x(73.5x)113.7x
XtalPi$120M$22M24.8x21.5x134.0x(141.6x)
CorVel$959M$175M3.5x-19.1x-
Shenzhen Intellifusion$200M($3M)14.3x14.6x(952.5x)(1086.5x)
Liftoff Mobile$686M$203M5.9x-20.0x-
UiPath$1.6B$70M3.7x3.5x85.8x13.7x

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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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