Factory Raises $15M Series A from Sequoia

Factory has successfully raised $15 million in a Series A funding round led by Sequoia Capital, with additional investments from Lux Capital and Mantis VC, bringing its total funding to over $20 million and valuing the company at $120 million. This capital will be used to expand the team, enhance their Droids, and further their mission of bringing autonomy to software engineering by automating tedious tasks. Over the past year, Factory has rapidly scaled its suite of Droids—Review, Test, Code, Knowledge, Project, Document—to production levels, significantly accelerating the software development lifecycle for clients like Bubble, Nav, Podium, and Stord. With breakthroughs in orchestration, retrieval, and planning, their Code Droid has achieved a new state-of-the-art performance on the SWE-bench AI coding benchmark, affirming Factory's position at the forefront of autonomous AI systems. The company is actively seeking talented individuals who are passionate about revolutionizing software development.