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

Factory has raised $200M at a $5B valuation, bringing total funding to over $400 million, with backing from Blackstone, Khosla Ventures, Sequoia Capital, Insight Partners and others. The company says it will put the capital into research, product and global go-to-market for its enterprise software factory platform, which lets teams govern the full development lifecycle and choose cloud, on-premises or air-gapped deployment. Factory says Nvidia, Blackstone, RBC, Palo Alto Networks, Adobe and T-Mobile use it, and that its Factory Router cuts token spend by more than 60% while maintaining frontier performance.