Factory Raises $50M from NEA, Sequoia Capital, NVIDIA, & JPMorgan

Factory just raised a $50M Series B from NEA, Sequoia Capital, NVIDIA, and JPMorgan, alongside angels like Frank Slootman, Nikesh Arora, and Aaron Levie. The company is pioneering agent-native development with its flagship “Droids” — autonomous software engineering agents that can handle everything from migrations and refactors to testing, documentation, and incident response.

In this Sourcery interview, Factory CEO & Co-Founder Matan Grinberg shares the journey from studying string theory at Berkeley to building one of the fastest-growing AI infrastructure companies in Silicon Valley. He explains why the shift from autocomplete to delegation is the most fundamental change in software development since the move to the cloud, and how Factory achieved real traction with Fortune 500 enterprises like EY, Nvidia, MongoDB, Zapier, Bayer, and Clari.

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