Factory Raises $50M Series B

Factory secured $50M in Series B funding at a $300M valuation, led by NEA, Sequoia Capital, J.P. Morgan, and Nvidia. Their AI software development agents, called Droids, achieved #1 ranking on Terminal Bench and are now available across multiple interfaces (CLI, IDE, Slack, Linear, Browser) with support for any LLM. Enterprise customers including MongoDB, EY, and Zapier report significant improvements: 31x faster feature delivery, 96.1% shorter migration times, and 95.8% reduction in on-call resolution times.