BREAKING: Factory Raises $50M from NEA, Sequoia, NVIDIA, JPMorgan, & Abstract Ventures
The Droids are here..
DROIDS ARE HERE
Factory just raised a $50M Series B from NEA, Sequoia Capital, NVIDIA, JPMorgan, & Abstract Ventures, alongside angels like Frank Slootman, Nikesh Arora, & Aaron Levie.
The company is pioneering agent-native development with their flagship “Droids” which hit #1 on Terminal Bench (the standard benchmark used by world-class tools like Claude Code & Cursor).
FYI: Droids are autonomous software engineering agents that can handle everything from migrations & refactors to testing, documentation, & incident response.
→ Listen on X, Spotify, Apple
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.
Matan 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.
Every other AI coding platform forces you to choose: one IDE, one LLM, one agent, one interface. Developers deserve a choice.
Factory is the first platform that is LLM agnostic, IDE agnostic, remote/local agnostic, and interface agnostic. Developers can delegate tasks to Droids from the Terminal, the IDE, Slack, Linear, or the Browser.
For further customization, developers can utilize headless mode to set up scripts or triggers that build fully customized Droids. In order to become agent-native, developers need agents that meet them where they are.
With the flexibility of the Droids, the path toward that agent-native future is clearer.
We go deeper into:
The fundraising process & why strategic investors like Microsoft, Nvidia, JPMorgan matter.
Why “agent-native” is a step beyond copilots, & what it means for developer workflows.
How enterprises are adopting faster than expected after missing past waves like mobile & cloud.
Factory’s usage-based business model & surprisingly strong margins.
The future role of developers: less code writing, more orchestration, validation, & systems thinking.
They’re HIRING
Brought to you by:
Brex—The intelligent finance platform: cards, expenses, travel, bill pay, banking—wrapped into a high-performance stack. Built for scale. Trusted by teams that move fast.
As a Sourcery subscriber you get: 75,000 points after spending $3,000 on Brex card(s), white-glove onboarding, $5,000 in AWS credits, $2,500 in OpenAI credits, & access to $180k+ in SaaS discounts. On top of $500 toward Brex travel, $300 in cashback, plus exclusive perks (like billboards..) visit → brex.com/sourcery
Turing—Turing delivers top-tier talent, data, and tools to help AI labs improve model performance, and enable enterprises to turn those models into powerful, production-ready systems. Visit: turing.com/sourcery
Carta—Carta connects founders, investors, and limited partners through software purpose-built for private capital. Trusted by 2.5M+ equity holders, 65,000+ companies in 160+ countries, Carta’s platform of software & services lays the groundwork so you can build, invest, and scale with confidence. Visit: carta.com/sourcery
Kalshi—The largest prediction market & the only legal platform in the US where people can trade directly on the outcomes of future events (sports, politics, weather, AI, etc).