Factory raises $200M at $5B valuation for its Droids AI coding agents

Factory, which develops AI coding agents called Droids, raised $200 million at a $5 billion valuation, up from $1.5 billion in April. Investors include Khosla Ventures, Blackstone, and Marc Benioff.

• $200M round lifted Factory's valuation from $1.5B to $5B
• Droids AI agents switch between models based on task complexity
• Investors include Khosla Ventures, Blackstone, and Marc Benioff