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Factory
AI agents automating the software development lifecycle.
About Factory
Factory.ai is an agent-native development platform that automates the software development lifecycle using autonomous AI-powered systems called 'Droids'. Founded in 2023 by Matan Grinberg (CEO) and Eno Reyes (CTO), the company's mission is to bring autonomy to software engineering. Grinberg was pursuing a PhD at Berkeley when he met Reyes, who was working at Hugging Face, at a hackathon, leading them to drop their respective paths to start Factory.
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The platform is designed to accelerate engineering velocity for organizations by automating and optimizing various stages of software creation, from ideation and planning to coding, testing, deployment, and documentation. The Droids are specialized AI assistants that can be delegated complete tasks like refactors, bug fixes, incident response, and migrations, integrating directly into existing workflows across the IDE, command line, and CI/CD pipelines without requiring changes to tools or models. Factory.ai is model-agnostic, supporting models from providers like OpenAI, Anthropic, and Google.
The company targets enterprise engineering teams, helping them turn their organizations into autonomous development systems. Its client roster includes companies like Nvidia, Adobe, MongoDB, Bayer, and Zapier. The business model operates on a token-based billing system, where customers pay for what the AI agents do, rather than a per-seat license. Pricing plans are available for different team sizes, including a comprehensive enterprise plan that offers features like SSO, audit logging, and on-premise deployment options.
In 2025, Factory.ai raised a $50 million Series B funding round at a $300 million valuation, with investors including NEA, Sequoia Capital, J.P. Morgan, and Nvidia. The company has expanded its operations with offices in London and New York City. It positions itself not as a replacement for developers, but as a tool to handle repetitive and time-consuming tasks, allowing engineers to focus on higher-level design and architecture.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed6 investors entered at this stage
Lux Capital
Sequoia
SV Angel
BoxGroup
Clément Delangue
Ali Ghodsi
Series A10 investors entered at this stage
Gokul Rajaram
MANTIS
Abstract Ventures
NEA
Nvidia
JP Morgan
Nikesh Arora
Chris Degnan
Aaron Levie- FSFrank Slootman
Series B and later6 investors entered at this stage
Wipro Ventures
Khosla Ventures
Blackstone
The Twenty Minute VC
Insight Partners
Evantic Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
across markets
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