# Factory AI — Factory Raises $15M Series A from Sequoia

- Company: Factory AI (factory.com)
- Announced: 2024-06-18
- Category: funding-company-news
- Coverage: not counted
- Announcement: yes
- Group: announcements
- Source: https://factory.com/news/series-a-announcement
- Record: https://forck.live/items/17869-factory-raises-15m-series-a-from-sequoia
- Subject: Droid

Factory announced a $15M Series A led by Sequoia Capital, with participation from Lux Capital and Mantis VC, bringing total funding to over $20M and valuing the company at $120M. The funding will be used to further the company's mission, grow the team, and improve its Droids. Factory also reported that its Code Droid set a new state-of-the-art on the SWE-bench coding benchmark.

## Evidence

Verbatim from https://factory.com/news/series-a-announcement:

> We are excited to announce our $15M Series A led by Sequoia Capital, with participation from Lux Capital and Mantis VC. This brings our total funding to over $20M and values Factory at $120M.

---

Record: https://forck.live/items/17869-factory-raises-15m-series-a-from-sequoia
Catalogue: https://forck.live/llms.txt
Current issue: https://forck.live/feed.md