Factory raises $200M for its self-improving software development platform
SiliconANGLE Maria Deutscher ● Covered by 2 sources
Factory raised $200 million for its self-improving AI agent platform for software development and said it is valued at $5 million. The round lifted the company’s valuation by $3.5 billion from April. The funding is expected to support expanding headcount to 300 employees by year’s end.
Why it matters
Factory, a startup using artificial intelligence agents to speed up software projects, today announced that it has raised $200 million in funding. The round was backed by Blackstone, Khosla Ventures, Sequoia Capital, NEA and several other prominent investment firms. They were joined by a group of angel investors that included Marc Benioff. Factory is now […] The post Factory raises $200M for its self-improving software development platform appeared first on SiliconANGLE.