MG
Factory builds an agent-native software development platform powered by autonomous AI agents called Droids that handle code generation, testing, review, documentation, and deployment. The platform integrates with enterprise engineering workflows and tools to orchestrate software development tasks across the SDLC.
Factory builds an agent-native software development platform powered by autonomous AI agents called Droids that handle code generation, testing, review, documentation, and deployment. The platform integrates with enterprise engineering workflows and tools to orchestrate software development tasks across the SDLC.
Factory was founded in 2023 by Matan Grinberg and Eno Reyes. Grinberg, a Princeton physics graduate then pursuing a PhD at UC Berkeley, met Reyes, a machine learning engineer, at a San Francisco hackathon and the pair built a Factory demo within 72 hours. The company set out to use AI agents to take on parts of the software development lifecycle for enterprise engineering teams.
Factory has signed customers including Morgan Stanley, Nvidia, Adobe, Ernst & Young, Palo Alto Networks, Adyen, MongoDB, Bayer, and Zapier.
Factory raised a $150M Series C led by Khosla Ventures with participation from Sequoia, Insight Partners, and Blackstone, valuing the AI coding agent startup at $1.5B. Keith Rabois joined the board.
NEA published a thesis post on why it led Factory Series B, framing the company as the platform layer for agent-native software development.
Factory unveiled Droids, autonomous AI agents that handle code generation, testing, review, documentation, and deployment across the software development lifecycle.
Factory raised a $50M Series B led by NEA with participation from Sequoia, NVIDIA, and J.P. Morgan to expand its Droids agent-native development platform.
Factory CEO Matan Grinberg discussed agent-native development on Sequoia Capital Training Data podcast.
Matan Grinberg and Eno Reyes were named to Forbes 2025 30 Under 30 class for AI for their work building Factory.
Factory closed a $15M Series A led by Sequoia Capital with participation from Lux Capital and Mantis VC to build AI software development agents.
$215M raised total
No H1B sponsorship data available for this company.