Factory triples valuation to $5 billion on a bet beyond coding copilots

According to reports from Reuters, Factory, which is a startup located in San Francisco that builds AI agents for enterprise engineering teams, has raised $200 million, ushering its valuation to $5 billion, which is 3 times the initial valuation of $1.5 billion in April this year. Such a leap—of about 3.3 times in basically five...