Factory Raises $50M Series B

Company

We have raised $50M for our Series B at a valuation of $300M, led by NEA, Sequoia Capital, J.P. Morgan, Nvidia, and other industry leaders. Droids are now #1 on Terminal Bench and available to anyone, with any model, in any interface.

Factory Raises $50M Series B

We have raised $50M for our Series B at a valuation of $300M. The round was led by NEA, Sequoia Capital, J.P. Morgan, Nvidia, Abstract Ventures, Mantis Ventures, and other industry leaders including Frank Slootman, Nikesh Arora, and Aaron Levie.

The best software development agents will be the best general agents. Droids are the best software development agents in the world, reaching #1 on Terminal Bench. Terminal Bench is the most challenging general software development benchmark, going beyond just coding to evaluate agents on tasks like modernizing legacy code, debugging dev environments, training AI models, and managing cloud infrastructure. Droids using sub-frontier models outperform agents from research labs running their own frontier models—by a wide margin.

Today, Droids are available to anyone, with any model, in any interface: CLI, IDE, Slack, Linear, Browser. Read more about achieving #1 on Terminal Bench.

Every AI coding platform forces you to choose: one IDE, one LLM, one agent, one interface. Subscribing and unsubscribing from plans to try and stay at the cutting edge is now obsolete. Developers deserve a choice. Factory is giving choice back to developers. Droids work with any LLM, in any IDE, in local or remote, and in any interface. You can delegate tasks to Droids from your Terminal, your IDE, Slack, Linear, or on the web. For further customization, you can use headless mode to set up scripts or triggers to run Droids tailored to your team's workflow.

Factory's platform for Agent-Native Development has been globally rolled out at enterprise engineering organizations such as MongoDB, EY, Bayer, Zapier, and Clari. Enterprises are seeing results across the SDLC: 31x faster feature delivery, 96.1% shorter migration times, 95.8% reduction in on-call resolution times, and more time for developers to focus on design and architecture. Droids accelerate the less exciting but very real bottlenecks that occur in large, complex organizations: migrations, refactors, testing, documentation, code review.

We are a tiny but prolific team in San Francisco (with a median typing speed of 120 wpm) committed to building the best experience for developers and delivering real business outcomes to customers. If you are an unreasonably relentless and obsessed builder, Factory is where you belong.