Factory, an AI-powered software development platform, raised 200 million dollars, reaching a valuation of 5 billion dollars. The company, which was valued at 1.5 billion dollars after a 150 million dollar investment in April, has raised more than 400 million dollars in total.
Founded by Matan Grinberg and Eno Reyes in 2023, Factory develops AI agents called Droids that work on processes such as coding, testing, debugging and maintenance. The company, which has customers including Nvidia, Adobe and T-Mobile, will use the new funding for research, product development and global expansion.
Why it matters
The rapid increase in its valuation since April shows that investors’ interest in AI agents taking on tasks in software development processes has grown stronger. Factory’s ability to address different stages, from coding to maintenance, on a single platform has made the development particularly worth watching for large-scale software teams and enterprise customers. The presence of customers such as Nvidia, Adobe and T-Mobile indicates that the product is not limited to early-stage trials. Total funding exceeding 400 million dollars provides the company with substantial resources for research, product development and global expansion. However, it remains unclear how these resources will translate into Droids’ performance and usage across different markets.
Background
Factory is not a new name in the FikirPilot archive: we published a news article mentioning the name in the last 90 days; that article was dated September 10, 2026.