Factory Secures $150 Million Series C to Build Autonomous Software Factories

The Rise of Agent-Native Development

Factory announced a $150 million Series C funding round today, bringing its total valuation to $1.5 billion. The investment was led by Khosla Ventures with significant participation from Sequoia Capital, Blackstone, and Insight Partners. This capital infusion arrives as the company reports doubling its revenue every month for the past half-year. Founded only three years ago, the startup focuses on bringing full autonomy to software engineering through its flagship platform. The system utilizes Droids, which are model-agnostic autonomous agents that handle coding, testing, and documentation. These agents are currently deployed at major enterprises including Nvidia and Adobe to streamline complex development workflows.

Expanding Technical Capabilities

The company recently expanded its technical capabilities with the introduction of Missions and Factory Desktop. Missions allow Droids to coordinate multi-step workflows that can span several weeks of autonomous work. Meanwhile, the desktop application provides agents with local system access, enabling them to operate directly on a developer's machine with full context. Leadership plans to use the new funds to accelerate global go-to-market strategies and deepen research into agentic systems. A significant portion of the investment will support the development of optimized model routing and advanced enterprise-grade governance. The goal is to ensure that autonomous agents are not just writing code but operating as reliable units across entire engineering organizations.

Enterprise-Grade Infrastructure

Factory distinguishes itself by remaining model-agnostic, allowing its platform to route tasks to the most efficient LLM available. This approach avoids dependency on a single provider while maintaining top performance on industry benchmarks. By focusing on the entire software factory rather than just the IDE, the company addresses systemic bottlenecks in large-scale production. CEO Matan Grinberg believes that autonomy in software engineering is both inevitable and imminent. The team, composed of experts from top-tier research and engineering organizations, is building a future where software is produced by parallel autonomous systems. As these Droids become always-on, they will continuously monitor code quality and security without human intervention.