Factory has secured $50 million in Series B financing to expand its innovative AI-driven solutions for modernizing the software development lifecycle.

Information on the Target

Factory is a pioneering company focused on modernizing the software development lifecycle (SDLC) by leveraging advanced AI technologies. The firm has created a suite of autonomous agents known as 'Droids' that streamline various development tasks, such as feature development, code migration, modernization, code review, and automated testing. Factory's innovative approach has attracted a diverse portfolio of high-profile clients including MongoDB, Ernst & Young, and Bayer, contributing to a remarkable 200% quarter-over-quarter growth in 2025.

The company has recently raised $50 million in Series B financing, with NEA leading the investment alongside numerous notable partners such as Sequoia, J.P. Morgan, Nvidia, and several venture capitalists. As enterprises increasingly adopt Factory's tools, they are reaping the benefits of improved efficiency and the creation of a more collaborative environment for developers.

Industry Overview in the Target’s Specific Country

The technology sector in the United States has been rapidly evolving, driven by the increasing demand for software solutions across various industries. The annual expenditure on softwar