Factory completed a $200 million funding round at a $5 billion valuation, bringing its cumulative funding to more than $400 million. The enterprise self-improving software development company more than doubled its valuation from $1.5 billion in April.
The company will use the funds to accelerate research and development, product growth, and global market expansion. Factory said its backers include Blackstone, Khosla Ventures, Sequoia Capital, Insight Partners, Evantic Capital, Sound Ventures, NEA, Mantis VC, Clearlake, Nico Rosberg, Brad Gerstner, and Marc Benioff.
Factory said hundreds of thousands of developers use its products, including teams from NVIDIA, Blackstone, Royal Bank of Canada, Palo Alto Networks, and Adobe.
Factory Raises $200 Million at $5 Billion Valuation
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