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 $200M at a $5B valuation in September 2026 from investors including Blackstone, Khosla Ventures and Sequoia Capital, more than tripling the $1.5B post-money of the $150M Series C that Khosla Ventures led in April 2026; total funding is over $400M.
Developer Tools📍 San Francisco, USAFounded 2023
Current Valuation
$5.0B
as of 2026-Q3
UNICORN
QL Price
$5.0B
0% vs last round
QuantLogix's current estimate for Factory, published 2026-09-21 — in line with the last disclosed round of $5.0B (2026-Q3).
Confidence
medium
Basis
secondary led
What backs this price
Last disclosed round
$5.0B
2026-Q3
weight 1
Secondary market print
$5.0B
2026-06-27
weight 0.6
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 2026-09-21 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, 2026-09-21 (d14fc621b6bc091a).
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 $5.0B as of 2026-Q3, set by its Growth round (series undisclosed) ($200M, Sep 2026). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Factory filed an S-1?
No public S-1 is on file for Factory.
Who are Factory's investors?
Factory's investors include Khosla Ventures, Sequoia Capital, NEA, Insight Partners, NVIDIA, J.P. Morgan and 7 more.
Can you buy Factory stock?
No. Factory is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Factory on its Pre-IPO Access Desk.
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.
Growth round (series undisclosed) · $200M · this month
privateTotal raised $400M2 disclosed rounds
Growth round (series undisclosed) Impact
Round Size
$200M
Primary financing announced
Post-Money Valuation
$5.0B
Company-announced mark
Valuation Step-Up
+233.3%
vs Series C at $1.5B
Round / Post-Money
4.0%
New capital ÷ post-money
Disclosed Funding
$400M
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 →
Growth & Valuation
Valuation across funding rounds
Capital raised per round
Charts built from publicly disclosed funding rounds and revenue estimates. Approximate, not real-time, not investment advice.
Funding History
Round
Amount
Date
Lead Investor
Post-Money
Growth round (series undisclosed)
$200M
Sep 2026
—
$5.0B
Series C
$150M
Apr 2026
Khosla Ventures
$1.5B
Vertical Intelligence — AI / ML
Open models
2
Downloads (30d)
14
across all models
Followers
3
Top model
shield-dg-r64-c15
8 downloads / 30d
Attributed to Hugging Face organization "Factory" as of 2026-09-18. Open-weights footprint only — closed-model usage is not publicly measurable. Verify on Hugging Face ↗
Talent Signal
Hiring trend
▶ Hiring steady
+9% vs 2026-08
Open roles
49
via ashby
Product-build share
33%
engineering, research, product, design
Trajectory
steady
balanced build + GTM — 33% builders vs 67% go-to-market/G&A — scaling both sides.
Counted from Factory's live job board as of 2026-09-18; 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 · Blackstone · Evantic Capital · Sound Ventures · Mantis VC · Clearlake Capital · Marc Benioff · Brad Gerstner
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-Q3. Refreshed quarterly.