Factory

“Acquired Alex's AI Factory for $166M”

“Factory software engineer Alvin Sng went viral after proposing an AI clone of his voice to read to his newborn... after 4.5 million views and a fierce backlash, he deleted the post”

“former Snowflake sales leader; board observer/advisor at Factory who became CRO at Cognition”

“I'm an angel investor, Sequoia's investor in factory as well.”

“goes on Twitter. The wording was like struggling second tier competitor, absolute demolition job of Matan.”

“The Cognition–Factory dispute exposed a generational split.”

“Vinod Khosla called the AI coding startup Factory a 'struggling second tier competitor' last week, and Menlo Ventures answered today with a glowing blog post, touting its investment with the company.”

“A source tells TechCrunch the firm would have invested even more in Factory's last round if it could have.”

“Grinberg alleges that Degnan shared confidential information with Factory's biggest competitor, Cognition”

“Factory CEO just accused his VC board advisor of spying for Cognition.”

“Its customers include Nvidia, Blackstone, Royal Bank of Canada, Palo Alto Networks, Adobe, and T-Mobile”

“raised $200 million at a $5 billion valuation this month from Khosla Ventures, Blackstone, Sequoia Capital, Insight Partners, and others”

“He is co-founder of Hicksfield. And he is a veteran of Silicon Valley, went through ups and downs, and sold it to Snap for $166 million.”

“sold it to Snap for $166 million”

“Coding is the mother lord. It's everything... it's 10X everything else in terms of value being created from AI today.”

“You really only have these guys and cognition at this point who are basically going to the enterprise.”

“Factory — Enterprise coding agent company (Droid product) that tripled its valuation to $5B on a $200M round.”

“Raised $200M from Sequoia, Khosla, Blackstone, and others, reinforcing the AI coding-agent theme”

“Factory — AI coding agent developer. Secured a $200 million round at a $5 billion valuation from investors including Khosla Ventures, Blackstone and Sequoia.”

“Factory... raised a $200 million round at a $5 billion valuation, three times the valuation of its last round just five months ago.”

“Factory named alongside Cognition as an applied-AI/agentic coding company benefiting from a multi-model future.”

“Factory expects 100% of future hires to come through acqui-hires. The thesis: founders who have already built something used by tens of thousands of people demonstrate more conviction and capability signal than any interview process can surface.”

“Factory: Autonomous software development platform focused on the enterprise. Co-founded by Eno Reyes. Offers both SaaS and on-prem ('Factory Private') deployments.”

“Demand for intelligence is such that there can be multiple winners, because these platforms also 'put their models in front of more users and more workloads.'”

“Benchmark, well, they missed Anthropic and OpenAI. They've done amazing with Factory and a bunch of other great ones that we've talked about.”

“We can give the example of Victor Cardenas from slash or Enno Reyes from Factory. So it has created this amazing connectivity.”

“"Matan from Factory said to me, you know what? Services, they're just an excuse for crap product."”

“Launched Droid CLI September 26, 2025”

“We proactively gave all of those customers their money back. And I remember that was one of the most difficult decisions to make because not only is there a group of 20 people who are getting ridiculous offers from all the labs... we're going to give it back because we don't think product is making their developers happy.”

“In April of 2023, when the world and the enterprise in particular was barely ready for GitHub Copilot, let alone fully autonomous agents.”

“If you build a harness that supports different models, that harness will be better... What data is to a model, models are to a harness. The more models you expose to a harness, you avoid overfitting that harness to the nuances of that model in particular.”

“One of our largest customers is EY. EY is not necessarily known to be at the absolute frontier of AI. But for them, they were just like, look, this matters... Let's go and get our engineers to mess around and build this stuff and see where it breaks.”

“At the beginning of the year, we saw enterprises were using less than 1% open models... Then in May, it crossed the 10% threshold. So it's growing pretty quickly because of the kind of cost optimization.”

“"At the beginning of the year, we saw enterprises were using less than 1% of their tokens were going to open models... in May, it crossed the 10% threshold."”

“Factory ($150M at $1.5B from Khosla) — AI agents automating software development tasks for enterprise teams.”

“Engram, an SF-based AI memory layer startup, raised $98m from General Catalyst, Kleiner Perkins, Sequoia Capital, Factory, Modern, Amplify Partners, and Neo.”

“You've got Codex and Claude and Anti-Gravity, Factory doing SDLC, you've got Cognition doing SDLC.”

“If you need FDEs you have a shit product.”

“Bets like Rogo and Factory AI, both now valued north of $1.5 billion.”

“A million dollars. And you know what he gives me shit for? You know what the terms? Five posts.”

“Described by Harry as one of the best founders he's met in the last year — invested millions after a ~5-minute walk in Hyde Park.”

“When we were 30 people we had like a surge like a pretty aggressive like two week sprint and as part of it I got everyone on the team Eight Sleeps like fully free whatever $3,000 per person.”

“Alex Paul, who's one half of the Chainsmokers. And obviously people know them as the Chainsmokers. They're also incredibly good investors. Incredibly good investors. Which sometimes people are surprised by.”

“She is first of all she is one of the kindest and smartest people that I've met... She's so generous with her time. There is kind of dirty work investor help that she helps out with that some other investors who are more known as investors do not do.”