# Factory OS

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

- Industry: Construction
- Headquarters: Vallejo, US
- Website: www.factoryos.com
- Total disclosed funding: $55M
- Latest round: Series B (Nov 20, 2020)
- Investors on record: 6

## About

Based in the US, Factory OS is a modular construction company that specializes in creating affordable multifamily housing solutions through innovative technology and efficient building processes.Factory OS was founded in 2017 in Vallejo, US, and focuses on designing and constructing multifamily modular buildings. The company has undergone successful pivots to enhance its construction methods and has received funding through 3 rounds, with the latest being a Series B of USD 55.43 mn on November 20, 2020, led by Lafayette Square. Other notable investors include Autodesk, Citigroup, GV, Meta, and Morgan Stanley Investment Management. The company is currently valued at USD 263.60 mn. Founders Larry Pace and Rick Holliday, with Holliday serving as the CEO, bring significant experience in the construction sector to the company.Factory OS specializes in the design and construction of multifamily modular buildings, utilizing advanced technology alongside traditional manufacturing methods. Their core offering is a streamlined construction process that allows for efficient and cost-effective housing solutions, addressing the urgent need for affordable housing across various demographics. Factory OS primarily serves developers, housing authorities, and nonprofit organizations focused on tackling housing shortages in California and potentially other urban areas facing similar challenges. Their services include training local workers to enhance community engagement and job creation.Factory OS generates revenue through direct sales of its modular housing units, constructed using a proprietary offsite construction operating system. The company engages in B2B transactions with developers and housing organizations requiring efficient solutions. Revenue is derived from contracts for the delivery of modular units, including options for customization based on client specifications. While specific pricing details are not disclosed, the company emphasizes significant cost savings of approximately 20% to 40% and expedited construction timelines of 40% to 50% faster than traditional building methods, demonstrating the value of its products and services in addressing the housing crisis.In November 2020, Factory OS raised USD 55 mn in Series B funding, led by Lafayette Square, to support its growth strategy. The company plans to expand its market reach into additional urban areas with similar housing challenges, leveraging this recent funding to develop new modular housing products. The funding will also enable Factory OS to enhance its workforce training programs and increase production capacity to meet rising demand for affordable housing solutions.

## Funding rounds

- Series B, Nov 20, 2020, $55M — Morgan Stanley Investment Management, Citigroup, GV, Meta, Autodesk, Lafayette Square

## Investors

- Morgan Stanley Investment Management — Series B
- Citigroup — Series B
- GV (https://capitalatlas.ai/funds/gv) — Series B
- Meta — Series B
- Autodesk (https://capitalatlas.ai/funds/autodesk) — Series B
- Lafayette Square — Series B