Factory said it has raised a $150 million Series C at a $1.5 billion valuation, adding fresh capital to one of the newer companies trying to sell autonomous coding systems into large enterprise teams.

What happened

According to the company's announcement, the round was led by Khosla Ventures with participation from Sequoia Capital, Blackstone, Insight Partners, Evantic Capital, 20VC, NEA, and Mantis VC. TechCrunch separately reported the same financing details and described Factory as a startup building AI agents for enterprise engineering organizations.

The announcement matters because enterprise coding tools are shifting from single-seat copilots toward systems that can take on longer, multi-step software work across existing engineering environments. Factory has been positioning its product around that idea, including multi-agent "Missions" workflows and a desktop app for local system access.

Why it matters

This does not prove enterprise buyers have settled on a winner in AI coding. But it does show investors are still willing to fund a platform bet beyond the better-known consumer developer tools.

The conservative takeaway is straightforward: Factory has new capital, a higher valuation, and a clearer mandate to push deeper into enterprise software engineering. In a market crowded with coding assistants, that makes the company another well-funded contender in the race to turn agentic development from a demo into a production workflow.