Factory

Based in the US, Factory operates as an AI software development platform offering autonomous “Droid” agents that automate coding, testing, debugging, and deployment tasks. The company focuses on enabling engineering teams to delegate complex software workflows and improve development speed and efficiency. Based in California, United States and founded in 2023, The San Francisco AI Factory Inc. , with no publicly disclosed previous names, founded by Matan Grinberg and Eno Reyes, provides AI-powered software development agents and automation tools for the enterprise software engineering industry.

The company focuses on enabling agent-native development through autonomous AI systems integrated into existing workflows. In April 2026, Factory raised USD 150 million in series C funding led by Khosla Ventures, with participation from 20VC, Blackstone Group, Evantic Capital, and Insight Partners, Abstract Ventures, Mantis, New Enterprise Associates, and Sequoia. Other unspecified investors also participated in the round. Factory offers AI-powered “Droids” that automate end-to-end software development tasks such as writing code, generating tests, debugging issues, and handling documentation.

Its platform integrates with developer tools and workflows to execute tasks across the full software development lifecycle. The company primarily generates revenue through subscription-based pricing and enterprise deployments of its AI development platform, with usage-based (token-based) billing tied to the volume of tasks executed by its agents. It serves enterprise clients and engineering teams that pay for automation capabilities and productivity gains delivered by the platform. The company plans to use the April 2026 funding to invest in research, product development, and global expansion of its autonomous software development agents.