Factory hits $1.5B valuation to build AI coding for enterprises
TechCrunch·1h ago·Positivity
What Happened
Factory, an AI coding startup, raised $150 million at a $1.5 billion valuation led by Khosla Ventures. The company develops AI agents for enterprise engineering teams and counts Morgan Stanley, EY, and Palo Alto Networks as customers. Factory differentiates itself by supporting multiple foundation models including Claude and DeepSeek.
Key Entities
FactoryKhosla VenturesSequoia CapitalMatan GrinbergMorgan StanleyErnst & YoungPalo Alto NetworksClaudeDeepSeek