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AI programming agent startup Factory has raised $150 million in a Series C funding round, valuing the company at $1.5 billion. The round was led by Khosla Ventures, with participation from Sequoia Capital, Blackstone, Insight Partners, and NEA. Factory's flagship product, Droid, is a fully autonomous software development agent now used by hundreds of thousands of developers at major enterprises like NVIDIA and Adobe.CEO Matan Grinberg highlighted the company's rapid growth, with revenue doubling month-over-month and expanding use cases beyond code completion to include COBOL migration and automation workflows. Factory's "model-agnostic" approach aims to enhance developer autonomy rather than replace them. The new funding will support research, product development, and global expansion efforts.

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