Agent-native software development platform with autonomous coding 'Droids'.
Factory builds an agent-native software development platform where autonomous 'Droid' agents handle coding tasks under developer delegation, deployed at companies including MongoDB, EY, and Zapier. Founded in 2023 by Matan Grinberg and Eno Reyes, it raised a $150M Series C in April 2026 led by Khosla Ventures at a $1.5B post-money valuation, with about $200M raised in total.
Developer Tools📍 San Francisco, USAFounded 2023
Current Valuation
$1.5B
as of 2026-Q2
UNICORN
QL Price
$1.5B
0% vs last round
QuantLogix's current estimate for Factory, published 2026-09-11 — in line with the last disclosed round of $1.5B (2026-Q2).
Confidence
medium
Basis
secondary led
What backs this price
Last disclosed round
$1.5B
2026-Q2
weight 0.87
Secondary market print
$1.5B
2026-06-27
weight 0.63
How this price has held up
No round has priced for Factory since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-09-11 and will be graded against the next priced round. See the full accuracy record →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Factory, 2026-09-11 (39aae36ea5fa7734).
The id pins this exact claim, so a citation stays checkable after the price moves.
Model estimate for research — not a quote, target price, or investment advice.
IPO Outlookprivate
Is Factory going public?
No. Factory is private and has not filed to go public. There is no S-1 on file.
What is Factory's valuation in 2026?
Factory is valued at $1.5B as of 2026-Q2, set by its Series C ($150M, Apr 2026). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
CEO
Matan Grinberg
Founded
2023
HQ
San Francisco, USA
Total Raised
$200M
Last Round
Series C — $150M (Apr 2026) · Lead: Khosla Ventures
IPO Status
private
Fundraising Status
Series C · $150M · 5 mo ago
privateTotal raised $200M1 disclosed rounds
Series C Impact
Round Size
$150M
Primary financing announced
Post-Money Valuation
$1.5B
Company-announced mark
Round / Post-Money
10.0%
New capital ÷ post-money
Disclosed Funding
$200M
Cumulative disclosed rounds
Step-up compares disclosed post-money valuations. Round / post-money is a financing-size ratio, not an ownership or dilution estimate.
Secondary Market
Implied price / share
$46.68
Open interest
3
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Funding History
Round
Amount
Date
Lead Investor
Post-Money
Series C
$150M
Apr 2026
Khosla Ventures
$1.5B
Vertical Intelligence — AI / ML
Open models
2
Downloads (30d)
11
across all models
Followers
3
Top model
shield-dg-r64-c15
6 downloads / 30d
Attributed to Hugging Face organization "Factory" as of 2026-09-03. Open-weights footprint only — closed-model usage is not publicly measurable. Verify on Hugging Face ↗
Talent Signal
Hiring trend
● First snapshot
trend accrues with monthly sweeps
Open roles
45
via ashby
Product-build share
33%
engineering, research, product, design
Trajectory
strengthening
balanced build + GTM — 33% builders vs 67% go-to-market/G&A — scaling both sides.
Recent senior hire: 1 senior hire (CRO).
Open roles by month
Open roles by function
■ product-building ■ go-to-market / G&A
Key Executive Moves
INMarcello GalloCRO · 2026-08-11
From trusted-source news extraction (deep-enrich pipeline); dates approximate publication, not effective date.
Counted from Factory's live job board as of 2026-08-17; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
Founders & Key People
Matan GrinbergEno Reyes
Investors
Khosla Ventures · Sequoia Capital · NEA · Insight Partners · NVIDIA · J.P. Morgan
Products
Droid coding agents
Factory agent-native development platform
Competitors
Cognition (Devin) · Cursor · GitHub Copilot · Claude Code
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2026-Q2. Refreshed quarterly.