Factory uses $150M round to scale enterprise coding agents

Factory's $150M Series C matters because it puts another heavily funded company behind the idea that coding agents are becoming enterprise infrastructure, not only developer side tools. In its April 16, 2026 post, Factory said Khosla Ventures led the round, with Sequoia Capital, Blackstone, Insight Partners, Evantic Capital, 20VC, NEA, and Mantis VC participating. The round values the company at $1.5B.

The scale claims make this more than routine fundraising. Factory said its Droids are used daily by hundreds of thousands of developers across enterprises including Nvidia, Adobe, EY, Palo Alto Networks, and Adyen. It also said revenue doubled month over month in each of the past six months. That growth claim explains why investor money is still moving into coding-agent infrastructure even after a crowded model-release cycle.

Agents move from product surface to control plane

Factory is not framing the shift as simple code generation. Missions is built for long-horizon, multi-step, multi-agent workflows that can coordinate weeks' worth of work. Factory Desktop brings Droids onto the local machine with system access and local context. For enterprise buyers, that means the agent is no longer just a button inside an editor; it starts to look like an operating unit inside the software delivery process.

The next phase points in the same direction. Factory said the new capital will go into research, product, and global go-to-market, with emphasis on optimized model routing, cost control, always-on agents, enterprise-grade governance, and measurement of agent readiness and effectiveness. That list is a useful signal: the coding-agent race is shifting from model leaderboard claims toward operations, permissions, spend, and proof that agents can complete work under management controls.

For CTOs and platform teams, the practical question is no longer just how much code an agent can write. It is which model it chooses for each task, who approves risky changes, how repository permissions and audit logs work, and whether agent output fits into existing CI and release processes. Factory's $150M round shows that the control plane around autonomous engineering is becoming a market of its own.