Factory
Autonomy for software engineering
About Factory
Factory is a San Francisco-based AI research lab founded in 2023 by Matan Grinberg and Eno Reyes, focused on bringing autonomy to software engineering through its AI agents, called Droids.
The platform supports software work across the development lifecycle, including feature development, debugging, testing, code review, migrations and documentation. Factory says its Droids are used daily by hundreds of thousands of developers at enterprises including NVIDIA, Adobe, EY, Palo Alto Networks and Adyen.
Factory’s technology is designed for enterprise-scale engineering teams, with Droids available through desktop, browser, terminal, Slack and Microsoft Teams, and integrations with tools such as GitHub, GitLab, Jira, Linear, Sentry and PagerDuty.
According to an Anthropic customer case study, Factory’s customers have collectively saved approximately 550,000 development hours, while reporting a 20% reduction in development cycle time and a 3x reduction in code churn. Individual customer deployments have reported results including 18x faster delivery on long-running projects at Comarch, 3x faster feature development at Groq and a 40% reduction in incident response time at Tilt.
Founders
Funding History
Frequently Asked Questions
What is Factory?
Factory is an AI research and software development company that builds autonomous AI agents called Droids. Its platform is designed to automate software engineering tasks across planning, coding, testing, code review, migrations, documentation, and other stages of the software development lifecycle.
When was Factory AI founded?
Factory was founded in 2023 by Matan Grinberg and Eno Reyes. The company is headquartered in San Francisco, California.
Who are the founders of Factory AI?
Factory was founded by Matan Grinberg and Eno Reyes. Matan Grinberg is the company's co-founder and CEO, while Eno Reyes is a co-founder and technical leader.
How much funding has Factory AI raised?
Factory announced more than $400 million in total funding following its $200 million financing announced on September 15, 2026. Its publicly announced financings include a $5 million seed round, $15 million Series A, $50 million Series B, $150 million Series C, an undisclosed Wipro Ventures investment, and the latest $200 million financing.
What is Factory AI's valuation?
Factory announced a $5 billion valuation alongside its $200 million financing on September 15, 2026. This followed a $1.5 billion valuation announced with its $150 million Series C on April 16, 2026, and a $300 million valuation announced with its Series B on September 25, 2025.
Who invested in Factory AI?
Factory's disclosed investors include Khosla Ventures, Sequoia Capital, Lux Capital, NEA, Blackstone, Insight Partners, J.P. Morgan, NVIDIA, Abstract Ventures, Mantis VC, Evantic Capital, 20VC, Wipro Ventures, Sound Ventures, Clearlake, and several individual technology executives and investors.
Who led Factory AI's latest funding round?
Factory's September 15, 2026 financing of $200 million included Blackstone, Khosla Ventures, Sequoia Capital, Insight Partners, Evantic Capital, Sound Ventures, NEA, Mantis VC, and Clearlake. Factory's announcement did not identify a single lead investor.
What did Factory AI raise in its Series C?
Factory raised $150 million in Series C funding on April 16, 2026. Khosla Ventures led the round, with participation from Sequoia Capital, Blackstone, Insight Partners, Evantic Capital, 20VC, NEA, and Mantis VC. The financing valued Factory at $1.5 billion.
What did Factory AI raise in its Series B?
Factory raised $50 million in Series B funding on September 25, 2025, at a $300 million valuation. The round was led by NEA and included Sequoia Capital, J.P. Morgan, NVIDIA, Abstract Ventures, Mantis Ventures, Frank Slootman, Nikesh Arora, and Aaron Levie.
What does Factory AI's product do?
Factory's Droids are autonomous software development agents that can handle tasks such as feature development, debugging, testing, code review, documentation, refactoring, and migrations. The platform is designed to work across interfaces including the CLI, IDEs, Slack, Linear, browser, and desktop environments.
