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Factory AI — Startup ProfileAI agents that ship enterprise software — droids that own the dev lifecycle from ticket to PRHQ: New York, NY, United States | Founded: 2023 | Employees: 60–100 (est. 2026) | Stage: Series C ($1.5B valuation, Apr 2026) | Website: https://www.factory.aiAboutFactory AI (Factory) was founded in 2023 in New York by former Princeton students Matan Grinberg (CEO) and Eno Reyes (CTO). Its product is a fleet of AI 'droids' — general agents that connect to GitHub/Linear, understand tickets, plan work, write code, run tests and open PRs, with model-switching logic routing between Claude, GPT, etc. by task complexity. The company raised $5M in Nov 2023 (TechCrunch: 'wants to use AI to automate the software dev lifecycle'), then $50M Series B at $300M led by NEA/Sequoia/J.P. Morgan/Nvidia in Sep 2025 on 200% QoQ growth, then $150M Series C at $1.5B in Apr 2026 led by Khosla Ventures and Sequoia with Lux, Mubadala and others. Factory positions droids as enterprise-grade (SOC 2, self-host) versus consumer code assistants.Key Metrics

Latest Valuation: $1.5B (Apr 2026)

Series C: $150M (Khosla/Sequoia)

Series B: $50M at $300M (Sep 2025)

Total Funding: $220M (Tracxn) / $205M+ (summed)

Founded: 2023 (Princeton)

Growth: 200% QoQ (pre-B)

Funding Rounds

Round: $5M (2023-11-02) — Sequoia / Lux (early)

Round: $50M (2025-09-25) — NEA, Sequoia, J.P. Morgan, Nvidia

Round: $150M (2026-04-18) — Khosla Ventures, Sequoia Capital

Key People

Matan Grinberg

Eno Reyes

Key Competitors

Cognition (Devin) —

Cursor (Anysphere) —

Poolside / Magic / Augment —

GitHub Copilot Workspace —

Timeline Highlights

2026-04-18: $150M Series C at $1.5B

2025-09-25: $50M Series B at $300M

2023-11-02: $5M Seed — SDLC automation thesis

2023: Founded at Princeton