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Factory Unleashes the Droids, Raises $50 Million Series B from NEA, Sequoia Capital, NVIDIA, and J.P. Morgan

Factory Unleashes the Droids, Raises $50 Million Series B from NEA, Sequoia Capital, NVIDIA, and J.P. Morgan

October 17, 2025 Craig Etkin

SAN FRANCISCO–(BUSINESS WIRE)–Today Factory is releasing Droids – the best software development agents in the world, after hitting #1 on Terminal Bench (the standard benchmark used by world-class tools like Claude Code and Cursor). Factory is also announcing a $50 million Series B from NEA, Sequoia Capital, NVIDIA, J.P. Morgan, as well as notable angel investors, including Frank Slootman, Nikesh Arora, and Aaron Levie.

Factory Unleashes the Droids, Raises $50 Million Series B from NEA, Sequoia Capital, NVIDIA, and J.P. MorganShare

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.

“Agent‑native development presents the most substantive shift in software development since the move to the cloud,” said Matan Grinberg, co-founder and CEO of Factory. “At Factory, we’re bringing that transition to every developer—starting with Droids in the CLI —so teams can evolve their behavior without rewriting their entire workflow. Agents will not replace developers, but developers who are fluent with agents will rapidly outleverage and outpace developers who are not.”

At the organization level, Factory integrates with the entire engineering stack, including tools such as GitHub, Slack, Jira, Datadog, Sentry, and Google Drive. Using this organization-wide context, Droids onboard like a human engineer and create a “mental model” similar to that of an engineer who has worked in the code for decades.

The world’s best engineers at customers and partners like Ernst & Young, NVIDIA, MongoDB, Zapier, Bayer, and Clari are using Factory to accelerate tasks across the entire software development lifecycle, beyond just coding.

  • Migrations & Refactors
  • Feature development
  • Codebase Q&A
  • Code Review
  • Documentation
  • Incident Response

Customers are reporting results, including 31x fast feature delivery, 96.1% shorter migration times, 95.8% reduction in on-call resolution times, higher quality code, and more time for developers to focus on design and architecture. By meeting engineers where they already work and abstracting away the complexity of running agents, Factory makes the shift to agent-native development achievable.

“Factory is demonstrating what no other agentic coding platform has: that enterprises will adopt and scale this technology when it delivers real value,” said Madison Faulkner, Partner at NEA. “We believe their ability to combine enterprise adoption with scalable unit economics strongly positions them to lead and define the future with an entirely new category of agent-native development.”

The new funding will allow Factory to expand product capabilities, grow adoption across enterprises, and continue hiring world-class talent across engineering, research, and GTM.

About Factory

Factory is pioneering agent-native development, a new way of building software that keeps developers in control of the important high-level details while agents – or Droids – handle the coding. By shifting from autocomplete to delegation, Factory puts the orchestration and management of Droids into the hands of engineers and enables teams to ship faster, improve code quality, and embrace a new philosophy of working with AI. Founded in 2023 and headquartered in San Francisco, Factory is backed by investors including Sequoia Capital, NEA, NVIDIA, J.P. Morgan, Abstract Ventures, Mantis VC, SV Angel and BoxGroup.

For more information, visit factory.ai.

Contacts

Camille Stephens
camille@heycommand.com

(c)2025 Business Wire, Inc., All rights reserved.


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Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

Fabric is a health tech company on a mission to solve healthcare’s access problem. Fabric’s integrated care platform offers personalized guidance, streamlines workflows, and unifies experiences across virtual and in-person care. Its solutions support care delivery from a patient’s first search to post-treatment follow-up using its proprietary Hybrid AI that combines conversational AI and physician-built clinical logic. Together with a nationwide network of medical and behavioral health providers, Fabric is realizing its vision of providing care for everyone, everywhere. The company advances connected delivery that improves access, outcomes, and equity across every stage of the patient journey. Today, Fabric serves 30,000 employers, payers, and enterprise organizations, including OSF HealthCare, MUSC Health, Highmark, and Intermountain Health. Fabric is backed by General Catalyst, Thrive Capital, GV (Google Ventures), Salesforce Ventures, Vast Ventures, BoxGroup, and Atento Capital.
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Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

Launched in 2023, Flex a Flexbase Technologies brand is the AI Native “Private Bank” for high net worth business owners in the middle market. Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. Flex is the first platform that supports every step of their financial lives, from the moment they earn revenue to the moment they spend it personally.
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Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

Unlike traditional construction firms or standard software companies, Unlimited is an AI-native construction company that both designs and builds. Its proprietary platform can generate and evaluate hundreds of thousands of design configurations in parallel, automatically identifying optimal layouts for cost, safety, and performance before construction begins. By integrating AI-driven design with its own vertically integrated engineering and construction teams, Unlimited eliminates the costly handoffs and misaligned incentives that have defined the industry for decades.

In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
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