FactoryAI Raises $125 Million in Series A Led by Sequoia, Achieves SWE-bench Results

Jun 18, 2024, 04:21 PM

FactoryAI, an AI startup that automates engineering tasks, has announced its Series A funding round led by Sequoia Capital. The company, co-founded by Berkeley student Matan Safran, has achieved state-of-the-art benchmarks in autonomous agent performance and SWE-bench results. The startup has raised $125 million in this round, with Lux Capital also participating. FactoryAI's product suite, developed by the team including co-founder Eno Reyes, is already deployed and aims to significantly impact the global engineering landscape by helping engineers write better software.