Factory raises $200 million at a $5 billion valuation

Factory, an enterprise-grade self-improving software development company, has raised $200 million, bringing its valuation to $5 billion. The company has now raised over $400 million in total, more than tripling its valuation from $1.5 billion in April. The funds will support R&D, product development, and global expansion. Investors include Blackstone, Khosla Ventures, Sequoia Capital, Insight Partners, Evantic Capital, Sound Ventures, New Enterprise Associates (NEA), Mantis VC, and Clearlake, alongside individuals such as Nico Rosberg, Brad Gerstner, and Marc Benioff. Factory reports that its products are used by teams at NVIDIA, Blackstone, Royal Bank of Canada (RBC), Palo Alto Networks, and Adobe.