Factory, whose AI coding agents switch between AI models depending on the complexity of the task, is in talks to raise $150M led by Khosla at a $1.5B valuation (Angel Au-Yeung/Wall Street Journal)
Factory, an AI coding agent startup using dynamic model-switching, is raising $150M at a $1.5B valuation led by Khosla Ventures, signaling continued strong VC appetite for AI developer tools.
Excerpt
<a href="https://www.wsj.com/tech/ai/an-investor-dared-him-to-quit-school-now-hes-building-a-1-5-billion-ai-startup-d8663e72?st=UrQUgS&reflink=desktopwebshare_permalink"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260416/i36.jpg" vspace="4" /></a>
<p><a href="http://www.techmeme.com/260416/p36#a260416p36" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Angel Au-Yeung / <a href="https://www.wsj.com/">Wall Street Journal</a>:<br />
<span style="font-size: 1.3em;"><b><a href="https://www.wsj.com/tech/ai/an-investor-dared-him-to-quit-school-now-hes-building-a-1-5-billion-ai-startup-d8663e72?st=UrQUgS&reflink=desktopwebshare_permalink">Factory, whose AI coding agents switch between AI models depending on the complexity of the task, is in talks to raise $150M led by Khosla at a $1.5B valuation</a></b></span> — Matan Grinberg's Factory, which offers autonomous coding tools, is competing with the likes of Anthropic, OpenAI and Cursor</p>
Read at source: http://www.techmeme.com/260416/p36#a260416p36