Factory
Agent-native software development platform with autonomous coding 'Droids'.
Developer Tools
📍 San Francisco, USA
Founded 2023
Current Valuation
$1.5B
as of 2026-Q2
UNICORN
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.
Company Profile
Last Round
Series C — $150M (Apr 2026) · Lead: Khosla Ventures
Fundraising Status
Series C · $150M · 2 mo ago
privateTotal raised $200M1 disclosed rounds
Funding History
| Round | Amount | Date | Lead Investor | Post-Money |
|---|
| Series C | $150M | Apr 2026 | Khosla Ventures | $1.5B |
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
aideveloper toolscoding agentssoftware engineeringautomation
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.