Factory Raises $200M at $5B Valuation

Factory, founded in 2023 by Matan Grinberg and Eno Reyes, announced on September 15, 2026 that it raised $200 million at a $5 billion valuation. That figure more than triples the $1.5 billion valuation from its $150 million Series C five months earlier and lifts total funding above $400 million. Backers included Blackstone, Khosla Ventures, Sequoia Capital, Insight Partners, Evantic Capital, Sound Ventures, NEA, Mantis VC and Clearlake, with angel investors Marc Benioff, Brad Gerstner and Nico Rosberg. The company says its autonomous AI agents work across the software lifecycle—coding, testing, code review, security analysis, documentation, quality assurance and incident response—rather than only individual coding tasks. Named customers include Nvidia, Adobe, Palo Alto Networks, Blackstone, T-Mobile and RBC. The platform can run in the cloud, on-premises or fully air-gapped environments, and Factory is pursuing FedRAMP authorization for a GovCloud deployment. Grinberg said enterprises are moving “from individual coding agents to software factories.” Factory says hundreds of thousands of developers use the platform and that Factory Router cuts token spend (AI model usage cost) by more than 60 percent. The announcement closed with a recruiting pitch for “unreasonably ambitious polymaths.” What is contested: DevOps.com places the Factory 2.0 launch in June; AIwire says April. No other material disputes. Rated coverage in the record is 0 left, 2 center, 0 right.