Factory raises $200M at $5B valuation to scale self-improving enterprise software development

Factory has raised $200M at a $5B valuation from investors including Blackstone, Khosla Ventures, and Sequoia Capital, bringing its total funding to over $400 million.

The company says it will use the capital to accelerate research, product, and global go-to-market efforts. Factory says hundreds of thousands of developers use its platform, with customers including Nvidia, Blackstone, and T-Mobile.