-33%

est. 2Y upside i

AI & MLSeries C

The only software development agents that work everywhere you do. From IDE to CI/CD - delegate complete tasks like refactors, incident response, and migrations to Droids without changing your tools, models, or workflow.

Rank

#2990

Sector

AI Developer Tools

Est. Liquidity

~5Y

Data Quality

Data: Low

Negotiate for higher equity grant given high risk and uncertain valuation.

Last updated: July 19, 2026

Bull (20%)+45%

Exit multiple holds at 20x driven by category leadership and a favorable IPO window. Exit valuation reaches $2.18B.

Base (40%)-27%

Multiple converges to public comp range of 10x, yielding exit of $1.09B. Common stock loses value due to high entry multiple.

Bear (40%)-78%

Multiple compresses to 5x on competitive pressure; exit $545M. After $220M preference, common recovers only $325M.

Est. time to liquidity~5.0 years

Preference Stack Risk

moderate

Funding Intensity

1470%

Total funding $220M on $1.5B valuation (14.7% overhang) – moderate downside protection for preferred but common at risk in bear case.

Dilution Risk

low

Recent $150M Series C provides sufficient runway; no additional financing expected within 24 months.

Secondary Liquidity

none

No secondary market data available; illiquid until an exit event.

Operations — 10 roles

Engineering — 8 roles

Marketing — 7 roles

People — 5 roles

Partnerships — 4 roles

Design — 2 roles

Finance — 2 roles

Communications — 1 role

Legal — 1 role

Product — 1 role

Research — 1 role

View all 55 open roles at Factory →

Last updated: September 6, 2026

Questions to Ask at the Interview

Strategic questions based on Factory's data — designed to show you've done your homework.

  • 1

    “How does Factory's Droid technology differ from GitHub Copilot's agent mode, and what is the specific customer pain point it addresses?”

  • 2

    “What is the current annual recurring revenue and net dollar retention?”

  • 3

    “What is the typical vesting schedule and does the company have any liquidity programs (tender offers)?”

Community

Valuation Sentiment

Our model estimates -33% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.