Faction Technology
Latest round
- Series A
Last raised
- Oct 2023
Total raised
- $4.3M
Investors
- 6
About Faction Technology
Faction Technology, Inc.Founded in 2020, Faction Technology, Inc. specializes in autonomous vehicle technology. The company is headquartered in South San Francisco, US. Ain McKendrick serves as both the CEO and Founder.Faction specializes in providing a robust driverless vehicle platform tailored for various applications, including on-demand vehicle services and last-mile delivery operations. Central to its offerings is a suite of autonomous micro electric vehicles (EVs) designed to enhance efficiency and reduce carbon emissions. These vehicles integrate with Faction’s comprehensive Software Suite, facilitating seamless communication with fulfillment systems to enable features like real-time tracking and customer interaction through an app.Faction generates revenue through a combination of subscription models and partnerships with businesses operating in logistics and transport sectors. Clients engage with Faction to integrate their driverless vehicles and software solutions into their operations, enhancing fleet management and delivery capabilities. Revenue is derived from service agreements providing ongoing access to the Software Suite, alongside potential transaction fees based on vehicle usage or delivery volumes.In October 2023, Faction Technology, Inc. The company plans to continue expanding its product offerings and is targeting new markets in North America and Europe to enhance its presence in urban centers.
Who invested in Faction Technology
6 investors across 2 rounds
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Questions about Faction Technology
Who invested in Faction Technology?
Faction Technology has 6 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Faction Technology raised?
Faction Technology has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Faction Technology last raise money?
Faction Technology's most recent round on record is a Series A, in Oct 2023.
What does Faction Technology do?
Faction Technology is a automobiles, other vehicles & parts company.
Where is Faction Technology headquartered?
Faction Technology is headquartered in South San Francisco, US.
Which VCs invest in companies like Faction Technology?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back automobiles, other vehicles & parts companies at Faction Technology's stage. Their profiles are linked below.
VCs backing automobiles, other vehicles & parts startups at Series A
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