Factory raises $150M Series C

Factory has raised $150 million in a Series C funding round led by Khosla Ventures, achieving a valuation of $1.5 billion, with participation from several prominent investors including Sequoia Capital and Blackstone. The company, founded three years ago with the mission to bring autonomy to software engineering, has developed Droids, which are used by developers at major enterprises such as Nvidia and Adobe. These Droids have evolved from aiding software development to becoming autonomous systems capable of handling complex workflows, significantly advancing Factory's platform. Recent innovations include the introduction of Missions for coordinating multi-step workflows and Factory Desktop for integrating Droids directly into users' systems. Factory plans to use the new capital to enhance its platform, focusing on aspects like model routing optimization and enterprise-grade governance, with the aim of revolutionizing software development through agent-native processes.