Factory is a software development company building agent-native tooling that lets engineering teams delegate complete tasks to autonomous AI agents called Droids. Rather than acting as line-by-line code completion, Factory's Droids are designed to take on full units of work such as refactors, migrations, incident response, and documentation, operating across the environments engineers already use including IDEs, the command line, web, Slack, and project-management tools.
Founded by Matan Grinberg and Eno Reyes, Factory promotes an approach the founders describe as agent-native development, in which parallel, self-directed agents handle software tasks end to end. The platform is positioned to integrate into existing workflows and CI/CD pipelines without forcing teams to change their underlying tools or models, which lowers the adoption barrier for established engineering organizations.
Factory has reported enterprise deployments at large technology and industrial companies, and its product spans the development lifecycle from code generation through testing, review, and deployment support. The company's enterprise focus emphasizes governance, model routing, and reliability over long-horizon tasks, which are key concerns for organizations adopting autonomous coding agents at scale.
In April 2026, Factory raised a $150 million Series C round led by Khosla Ventures, with participation from Sequoia Capital, Insight Partners, and others, at a reported $1.5 billion post-money valuation. The company has said it will use the funding to expand its research team, invest in features such as model routing and always-on background agents, and grow global go-to-market operations with new offices.
As autonomous coding agents are a fast-moving and competitive category, organizations evaluating Factory should pilot it against representative tasks, assess output reliability and review overhead, and consider how agent governance fits their security and compliance requirements.