Factory Unleashes the Droids, Raises $50 Million Series B from NEA, Sequoia Capital, NVIDIA, and J.P. Morgan

SAN FRANCISCO--(BUSINESS WIRE)--Today Factory is releasing Droids – the best software development agents in the world, after hitting #1 on Terminal Bench (the standard benchmark used by world-class tools like Claude Code and Cursor). Factory is also announcing a $50 million Series B from NEA, Sequoia Capital, NVIDIA, J.P. Morgan, as well as notable angel investors, including Frank Slootman, Nikesh Arora, and Aaron Levie.

Every other AI coding platform forces you to choose: one IDE, one LLM, one agent, one interface. Developers deserve a choice. Factory is the first platform that is LLM agnostic, IDE agnostic, remote/local agnostic, and interface agnostic. Developers can delegate tasks to Droids from the Terminal, the IDE, Slack, Linear, or the Browser. For further customization, developers can utilize headless mode to set up scripts or triggers that build fully customized Droids. In order to become agent-native, developers need agents that meet them where they are. With the flexibility of the Droids, the path toward that agent-native future is clearer.

“Agent‑native development presents the most substantive shift in software development since the move to the cloud,” said Matan Grinberg, co-founder and CEO of Factory. “At Factory, we’re bringing that transition to every developer—starting with Droids in the CLI —so teams can evolve their behavior without rewriting their entire workflow. Agents will not replace developers, but developers who are fluent with agents will rapidly outleverage and outpace developers who are not.”

At the organization level, Factory integrates with the entire engineering stack, including tools such as GitHub, Slack, Jira, Datadog, Sentry, and Google Drive. Using this organization-wide context, Droids onboard like a human engineer and create a “mental model” similar to that of an engineer who has worked in the code for decades.

The world’s best engineers at customers and partners like Ernst & Young, NVIDIA, MongoDB, Zapier, Bayer, and Clari are using Factory to accelerate tasks across the entire software development lifecycle, beyond just coding.

• Migrations & Refactors
• Feature development
• Codebase Q&A
• Code Review
• Documentation
• Incident Response

Customers are reporting results, including 31x fast feature delivery, 96.1% shorter migration times, 95.8% reduction in on-call resolution times, higher quality code, and more time for developers to focus on design and architecture. By meeting engineers where they already work and abstracting away the complexity of running agents, Factory makes the shift to agent-native development achievable.

“Factory is demonstrating what no other agentic coding platform has: that enterprises will adopt and scale this technology when it delivers real value,” said Madison Faulkner, Partner at NEA. “We believe their ability to combine enterprise adoption with scalable unit economics strongly positions them to lead and define the future with an entirely new category of agent-native development.”

The new funding will allow Factory to expand product capabilities, grow adoption across enterprises, and continue hiring world-class talent across engineering, research, and GTM.

About Factory

Factory is pioneering agent-native development, a new way of building software that keeps developers in control of the important high-level details while agents – or Droids – handle the coding. By shifting from autocomplete to delegation, Factory puts the orchestration and management of Droids into the hands of engineers and enables teams to ship faster, improve code quality, and embrace a new philosophy of working with AI. Founded in 2023 and headquartered in San Francisco, Factory is backed by investors including Sequoia Capital, NEA, NVIDIA, J.P. Morgan, Abstract Ventures, Mantis VC, SV Angel and BoxGroup.

For more information, visit factory.ai.