AI coding agent startup Factory triples valuation to $5 billion in latest funding round
Factory, a startup developing AI agents for enterprise engineering teams, said on Tuesday it had raised $200 million in a funding round that more than tripled its valuation to $5 billion.
AI-assisted coding has emerged as one of the most widely adopted uses of generative AI, drawing billions of dollars from investors as businesses seek to speed up software development and improve workforce productivity.
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