Factory

Factory, whose AI coding agents, called Droids, switch between models depending on a task's complexity, raised $200M at a $5B valuation, up from $1.5B in April (Angel Au-Yeung/Wall Street Journal)

Factory, an AI startup building adaptive coding agents called Droids that dynamically select models by task complexity, secured $200M in new funding at a $5B valuation — a 233% increase from its $1.5B valuation just four months prior.