Factory, whose AI coding agents, called Droids, switch between models depending on a task's complexity, raised $200M at a $5B valuation, up from $1.5B in April (Angel Au-Yeung/Wall Street Journal)

Factory’s AI coding agents, called Droids, switch between models based on task complexity. The company secured $200 million in new funding, valuing it at $5 billion, a jump from its $1.5 billion valuation in April. The raise reflects growing investor confidence in Droids’ adaptive coding technology.