Factory raises $200M at a $5B valuation for AI coding agents

Factory, which sells autonomous coding agents to enterprise engineering teams, raised $200M at a $5B valuation, more than three times the valuation it reported in April. (The Next Web; Runtime Wire; Crunchbase News)

Investors include Blackstone, Khosla Ventures, Sequoia Capital, Insight Partners and Evantic Capital, with Sound Ventures, NEA, Mantis VC and Clearlake also taking part. Total funding now exceeds $400M; named customers include Nvidia, Royal Bank of Canada, Palo Alto Networks and Adobe. (The Next Web; Runtime Wire; Crunchbase News)