San Francisco startup Factory has closed a $200 million Series C led by Blackstone at a $5 billion post-money valuation, tripling the $1.5 billion mark it hit in April 2026 and bringing total funding above $400 million as it scales its Factory 2.0 platform for autonomous enterprise coding.
Blackstone Anchors A Crowded Cap Table
Blackstone led the round with participation from Khosla Ventures, Sequoia Capital, Insight Partners, Evantic Capital, Sound Ventures, NEA, Mantis VC and Clearlake. Angel investors on the ticket include Formula 1 champion Nico Rosberg, Altimeter's Brad Gerstner and Salesforce founder Marc Benioff. The company was founded in 2023 by CEO Matan Grinberg and Eno Reyes and has now doubled its valuation twice in six months.
Enterprise Droids Ship With Governance Baked In
Factory's product is Factory 2.0, a platform that spins up fleets of autonomous coding agents branded 'Droids' that plan, review, test and ship software. The launch bundles Factory Router (automatic per-task model routing across frontier models) and Agent Effectiveness measurement tooling that lets engineering leaders quantify how much work is completed by machine versus human. NVIDIA, Blackstone, Royal Bank of Canada, Palo Alto Networks, Adobe and T-Mobile are among the customers already running Droids in production.
"The adoption and results our customers are seeing validate the opportunity to rebuild the entire software development system, and we are still at the beginning," Grinberg said in a statement.
Software Factories Meet The Capital Wave
Factory's raise lands the same week Crusoe closed a $3.9 billion Series F for AI infrastructure and TypeSafe AI emerged from stealth with $40 million. It also follows enterprise agent deals such as Salesforce's Dreamforce agent slate, reinforcing a broader shift in enterprise capital toward autonomous 'do the work' AI rather than model training runs.
Reporting based on coverage from The Next Web, Factory.com and additional press releases.