AI Coding Firm Factory Raises $200 Million at $5 Billion Valuation

Factory, an enterprise-level self-improving software development company, has raised $200 million, bringing its valuation to $5 billion. This marks a significant increase from its $1.5 billion valuation in April, with total funding now exceeding $400 million. The company plans to use the capital to accelerate R&D and global expansion. Investors include Blackstone, Khosla Ventures, Sequoia Capital, and others. Factory's tools are currently used by organizations such as NVIDIA, Blackstone, RBC, Palo Alto Networks, and Adobe.