Factory

Stub active Updated Apr 17, 2026

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Location San Francisco, California
Founded 2023
Latest Stage Series B
Total Raised $150M+
Website https://factory.ai
Sector
AI developer-tools enterprise

Investors

Shaun Maguire Seed (2023)
Khosla Ventures series-b (2026)
Sequoia Capital Seed (2023)

Founders

Matan Grinberg Co-Founder & CEO

About

Factory is a San Francisco-based startup building AI coding agents (“Droids”) for enterprise software development teams 1. Founded in 2023, the company has reached a $1.5 billion valuation 1. Factory’s AI agents are used daily by hundreds of thousands of developers at enterprises including Nvidia, Adobe, EY, Palo Alto Networks, Adyen, MongoDB, Bayer, Zapier, Clari, Bilt, Profound, and Rogo 1. The platform extends beyond code generation into testing, review, documentation, and deployment 1.

Funding History

Date Round Amount Lead Co-investors
2026-04-16 Series B $150M Khosla Ventures Sequoia Capital, Insight Partners, Blackstone 1

What Investors Say

Keith Rabois of Khosla Ventures joined Factory’s board as part of the round 1.

What Founders Say

No verified founder quotes available at this time.

Sources

  1. TechCrunch, “Factory hits $1.5B valuation to build AI coding for enterprises,” April 16, 2026. https://techcrunch.com/2026/04/16/factory-hits-1-5b-valuation-to-build-ai-coding-for-enterprises/↩↩↩↩↩↩