# Factory

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/factory-2

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.factory.com/
- Total disclosed funding: $210M
- Latest round: Series C (Apr 16, 2026)
- Investors on record: 16

## About

Based in California, United States and founded in 2023, The San Francisco AI Factory Inc. doing business as Factory, founded by Matan Grinberg and Eno Reyes, provides AI-powered software development agents and automation tools for the enterprise software engineering industry. The company focuses on enabling agent-native development through autonomous AI systems integrated into existing workflows. In September 2026, Factory raised USD 200 million in venture funding from Sound Ventures and Clearlake Capital Group, with participation from Blackstone Group, Evantic Capital, Insight Partners, Khosla Ventures, Mantis, New Enterprise Associates, and Sequoia. Other individual investors also participated in the round. The venture funding values Factory at USD 5 billion post-money. The company provides an agent-native software-development platform centered on autonomous agents known as Droids. Its products support software planning, development, testing, code review, documentation, deployment, repository-readiness evaluation, workflow automation, model routing, engineering analytics, and real-time mission monitoring. Factory also provides persistent Droid Computers, AutoWiki documentation, cloud and local execution, enterprise administration, dedicated compute, security controls, and on-premises deployment options. The company generates revenue from subscriptions to its software-development platform. Published individual plans include Pro, Plus, and Max subscriptions, while its Teams plan charges a team fee plus a per-seat amount. Factory also offers custom-priced Business and Enterprise plans with expanded user capacity, dedicated support, administration controls, dedicated computing resources, data-residency features, and on-premises deployment. Additional usage can be purchased through prepaid credits. The company plans to use the September 2026 funding to accelerate research, expand its product development efforts, and grow its global sales operations.

## Funding rounds

- Series C, Apr 16, 2026, $150M — Blackstone Group, New Enterprise Associates, Sequoia, Insight Partners, Khosla Ventures, Abstract Ventures, Mantis, 20VC, Evantic Capital
- Series B, Sep 25, 2025, $41M — New Enterprise Associates, Hong Shan, JPMorgan Chase, NVIDIA Corporation, Abstract Ventures, Mantis
- Series A, Jun 18, 2024, $14M — Lux Capital, Mantis, Sequoia Capital Operations, Llc
- Seed, Aug 23, 2023, $5.3M — Hong Shan, Lux Capital, SV Angel, BoxGroup

## Investors

- Hong Shan — Seed, Series B
- Lux Capital (https://capitalatlas.ai/funds/lux-capital) — Seed, Series A
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- BoxGroup (https://capitalatlas.ai/funds/boxgroup) — Seed
- Mantis (https://capitalatlas.ai/funds/mantis) — Series A, Series B, Series C
- Sequoia Capital Operations, Llc — Series A
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series B, Series C
- JPMorgan Chase — Series B
- NVIDIA Corporation — Series B
- Abstract Ventures (https://capitalatlas.ai/funds/abstract-ventures) — Series B, Series C
- Blackstone Group (https://capitalatlas.ai/funds/blackstone-group) — Series C
- Sequoia (https://capitalatlas.ai/funds/sequoia) — Series C
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series C
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series C
- 20VC (https://capitalatlas.ai/funds/20vc) — Series C
- Evantic Capital (https://capitalatlas.ai/funds/evantic-capital) — Series C