Fundraising Fox

Automating software development

San Francisco, US · 65 employees · 17 known investors

Factory builds AI-powered software engineering tools designed to automate the software development lifecycle. The company targets software engineers and engineering teams seeking to augment their capabilities with autonomous AI systems.

Also known as Factory · Factory AI

AI & Machine LearningDeveloper ToolsEnterprise Software

Founders & leadership

MGMatan Grinberg
Matan GrinberginCEO & Co-FounderCo-founder at Factory
EREno Reyes
Eno ReyesinCTO & Co-Founder

Investors · 17

Abstract VenturesSan Francisco · $250K – $750K
Coral CapitalTokyo · $1M – $184Mvia James Riney · inferred
GTM CapitalMiami
Khosla VenturesMenlo Park · $5K – $50M
Mantis CapitalSanta Monica · $100K – $1M
New Enterprise Associates (NEA)Menlo Park · $200K – $40M
Sequoia CapitalMenlo Park · $4.4M – $214M
SV AngelSan Francisco
20VCreportedLondon · $250K – $5M
Blackstonereported
Evantic CapitalreportedLondon · $1M – $60M
Insight PartnersreportedNew York · $120M – $350M
NVenturesreportedSanta Clara
NVIDIAreportedSanta Clara
Wipro VenturesreportedBengaluru · $1M – $10M

Also in the syndicate · 2

J.P. MorganleadMantis Ventureslead

Funding

SEC filings, press & company announcements

$150M disclosed across 1 of 3 rounds · 2025–2026

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Aug 2026

Factory (factory.ai) develops AI-powered software engineering tools intended to automate work across the software development lifecycle. The company positions its offering as an "autonomy stack" for enterprise engineering organizations, described on its website as agent-native software development, and provides a downloadable client alongside a web application that users log in to.

The company markets to engineering teams and directs prospective buyers through a contact-sales motion, indicating an enterprise sales approach. Its website lists organizations it says use the product, including Blackstone, Adyen, Wipro, Groq, Chainguard, You.com and Podium, spanning financial services, payments, IT services and consulting, AI infrastructure, software security, and technology companies.

Business model

Factory sells its software development automation tooling to enterprise engineering organizations, with access via a downloadable application and a web login and a "Contact Sales" path for prospective customers.

▸Full profile — market position, technology, go-to-market, geography

Market position

The company presents itself as supplying an autonomy stack for enterprise engineering teams, citing usage by organizations such as Blackstone, Adyen, Wipro, Groq, Chainguard, You.com and Podium.

Technology

AI agent-based systems applied to software development tasks, described by the company as agent-native software development.

Go-to-market

Enterprise direct sales, with a contact-sales entry point on the company website and self-serve product download and web login for users.

Software engineers and enterprise engineering teams, including global systems integrators and AI labs.

Geography

Headquartered in San Francisco, United States; named customers include companies based in Europe and Asia-headquartered IT services firms.

Compiled by commissioned research from 3 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
HeadcountAug 20261,488

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 7

by search overlap
OpenAI159 shared keywordsOpenAI is an AI research and deployment company focused on developing artificial general intelligence (AGI) with emphasis on safety and beneficial outcomes for humanity.
Netezza94 shared keywordsIBM is a global technology company whose business spans enterprise software (including Red Hat, HashiCorp, and Confluent), IT infrastructure such as mainframes, servers, and storage, and IT consulting services. The company is also investing heavily in quantum computing and AI-based enterprise offerings, including its Lightwell open-source software security clearinghouse and the Anderon quantum wafer foundry.
Anthropic79 shared keywordsAnthropic is an AI safety research company that builds reliable, interpretable, and steerable AI systems. The company conducts frontier AI research, applies safety techniques, and deploys systems through products and partnerships.
NVIDIA59 shared keywordsNVIDIA designs GPUs, AI computing hardware, and software platforms for AI development, data centers, autonomous vehicles, and robotics, serving developers, researchers, and enterprises. Its offerings include AI models, power architecture for AI factories, and compute infrastructure used across industries such as manufacturing, healthcare, and automotive.
Augment Code58 shared keywordsCosmos is a unified AI agents platform that enables enterprise development teams to automate software development workflows at scale, improving engineering throughput and reducing time-to-merge through intelligent agent coordination and codebase understanding.
Zapier57 shared keywordsZapier provides a platform for connecting AI models and agents to workflows and business applications, enabling teams to automate tasks across over 9,000 apps without coding. The platform serves enterprises, operations teams, and businesses of all sizes looking to deploy AI-driven automation for lead capture, customer support, employee onboarding, and other business processes.
Hugging Face53 shared keywordsHugging Face is a collaboration platform that hosts and provides access to machine learning models, datasets, and applications. It offers both open-source tools for the ML community and paid compute and enterprise solutions for teams building AI applications.

Companies competing with Automating software development for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Solar Foods Passes €100M Funding Mark as Factory 02 Enters Final Design - vegconomist - the vegan business magazinevegconomist.com · Aug 2026Hadrian raises $1.4B to increase manufacturing footprint, workforce | Manufacturing Divemanufacturingdive.com · Aug 202615+ startups fueling Houston's $1B funding haul in 2026 - InnovationMaphouston.innovationmap.com · Jul 2026Factory Raises $150M in Funding at $1.5 Billion Valuationfinsmes.com · Apr 2026Factory raises $150M Series C | Factory.aifactory.ai · Apr 2026Factory Raises $50M Series B | Factory.aifactory.ai · Sep 2025Milwaukee Tool Raises the Bar with New USA Factorytoolguyd.com · Aug 2022

▸Research sources · 3

primary sources listed

3 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Automating software development do?
Factory builds agent-native software development tooling for enterprise engineering teams.
Who founded Automating software development?
Automating software development was founded by Matan Grinberg, Eno Reyes.
Who are Automating software development's investors?
Automating software development's investors include Abstract Ventures, Coral Capital, GTM Capital, Khosla Ventures, Mantis Capital, New Enterprise Associates (NEA), Sequoia Capital, SV Angel and 7 more.
How much funding has Automating software development raised?
Automating software development has disclosed $150M raised across 1 of its 3 known rounds.
Where is Automating software development headquartered?
Automating software development is headquartered in San Francisco, US.