Factory Raises $50M Series B at $300M Valuation for AI Software Development Agents
By
ashvardanian
Crackling crust, pillowy middle. The kind of bagel that earns a second cup of coffee.
Summary
Factory, an AI software development agent company, has raised $50 million in Series B funding at a $300 million valuation. The round was led by NEA, Sequoia Capital, J.P. Morgan, Nvidia, and others, with participation from notable industry executives. The company claims its "Droids" agents are the top-performing software development agents, ranking #1 on Terminal Bench, a benchmark that evaluates agents on complex software development tasks beyond just coding.
Key quotes
· 5 pulledWe have raised $50M for our Series B at a valuation of $300M.
The round was led by NEA, Sequoia Capital, J.P. Morgan, Nvidia, Abstract Ventures, Mantis Ventures, and other industry leaders including Frank Slootman, Nikesh Arora, and Aaron Levie.
The best software development agents will be the best general agents.
Droids are the best software development agents in the world, reaching #1 on Terminal Bench.
Terminal Bench is the most challenging general software development benchmark, going beyond just coding to evaluate agents on tasks like modernizing legacy code.
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