# Factory

> Factory builds agent-native software development for enterprises. Its Droids - specialized AI agents for coding, reliability, product, and knowledge work - take tickets, write code, open PRs, and triage incidents alongside human engineers. Founded in 2023 by Matan Grinberg and Eno Reyes, the San Francisco company raised a $150M Series C in April 2026 at a $1.5B valuation led by Khosla Ventures.

- **Founded:** 2023
- **Headquarters:** San Francisco, California, United States
- **Founders:** Matan Grinberg (Co-founder & CEO), Eno Reyes (Co-founder & CTO)
- **Team size:** ~1,200 employees globally, with offices opening in London (Q2 2026) and Tokyo (Q3 2026)
- **Products:** Code Droid, Reliability Droid, Product Droid, Knowledge Droid, Factory Platform
- **Notable:** Raised $220M total across four rounds in under three years., Hit a $1.5B valuation in April 2026., Reported ~550,000 cumulative engineering hours saved across customers.

## Products & services

- **Code Droid** — Takes a ticket from Jira or Linear, navigates a large codebase, writes the change, and opens a pull request for human review.
- **Reliability Droid** — On-call companion that triages production alerts, performs root-cause analysis, and writes the post-incident doc.
- **Product Droid** — Turns Slack threads and meeting notes into structured tickets, prioritizes backlog and routes work.
- **Knowledge Droid** — Mines internal documentation, ADRs and chat history to answer engineering questions with citations.
- **Factory Platform** — Browser-based workspace where engineers steer Droids, run parallel tasks, manage context, and enforce enterprise governance.

## Achievements

- Raised $220M total across four rounds in under three years.
- Hit a $1.5B valuation in April 2026.
- Reported ~550,000 cumulative engineering hours saved across customers.
- Built a multi-Droid platform spanning code, reliability, product and knowledge work.

## Latest updates

- **2026-04** — Announced $150M Series C led by Khosla Ventures at a $1.5B valuation.
- **2025-09** — Raised $50M Series B from NEA, Sequoia, NVIDIA and J.P. Morgan.
- **2026** — Plans new offices in London (Q2) and Tokyo (Q3) and expansion of long-horizon agent research.

## Links

- Website: https://factory.ai
- LinkedIn: https://www.linkedin.com/company/factory-hq
- Twitter/X: https://twitter.com/FactoryAI
- GitHub: https://github.com/FactoryAI
- YouTube: https://www.youtube.com/@FactoryAI

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Profile page: https://yespress.io/factory
Published by YesPress — https://yespress.io
Last updated: 2026-05-19