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Factory ARR: ~$50M for Droids That Own Engineering Tickets.

Factory builds agent-native software development — autonomous "Droids" that take a ticket, write the code, run the tests and open the review, with enterprise guardrails. Tracking services put its run rate around $50M roughly ten months after the platform took off, and Leonis Capital charts it among the fastest AI companies to that mark. The reported numbers are below.

~$50M

Estimated ARR, 2026

10 months

Launch to $50M, per Leonis

Droids

Autonomous engineering agents

Enterprise

Primary buyer segment

The Factory Revenue Curve.

Estimated annualized run rate in USD millions. Factory has not disclosed exact revenue; the curve combines ARR Club tracking with Leonis Capital's time-to-$50M data.

Sources: ARR Club, Leonis Capital.

Launch → $50M ARR

~10 months

Leonis Capital

Founded

2023, SF

Company

Early backer

Sequoia

Press, 2024

Buyer motion

Enterprise platform contracts

Company

Every Reported ARR Milestone.

2023
$0M ARR
Founded in San Francisco by Matan Grinberg and Eno Reyes to build software where agents — not editors — are the primary interface. — Company
2024
$5M ARR
Ships the Droids platform: autonomous agents that work tickets end-to-end inside enterprise environments, backed by Sequoia. — Company / Press
2025
$25M ARR
Enterprises adopt Droids for backlog work — migration, dependency bumps, test backfill — the tickets humans never get to. — Estimated
2026
$50M ARR
Reaches an estimated ~$50M run rate; Leonis Capital charts Factory at ten months from public launch to $50M ARR. — ARR Club / Leonis

Factory by the Numbers.

Latest estimated ARR

~$50M

ARR Club, 2026

Time to $50M

~10 months from launch

Leonis Capital

Founded

2023

Company

Founders

Matan Grinberg, Eno Reyes

Company

Product

Droids — autonomous dev agents

Company

Disclosed revenue

None; figures estimated

—

Sell Finished Tickets, Not Copilot Autocomplete.

Factory's bet is that the valuable unit of software work is the finished ticket, not the suggested line. Droids take an issue from the backlog, work it autonomously — code, tests, migration scripts — and open a review when done, with enterprise permissions and audit trails wrapped around every run. That positions Factory against engineering headcount rather than against editor plugins, a much larger budget line.

Revenue is enterprise platform contracts: a base platform fee plus usage as Droid runs scale across an organization's repositories. Because agents work inside existing CI and code review, expansion follows visible output — the same dynamic that made code assistants spread bottom-up, but priced against completed work.

Revenue Mix

Platform contractsEnterprise base fees for deploying Droids across repositories.
Usage-based runsPricing that scales with the volume of agent-completed work.
Guardrails add-onsPermissions, audit and compliance tiers for regulated engineering orgs.

FAQ

Factory Revenue, Answered.

What Is Factory's ARR in 2026?

Around $50 million, estimated. Factory has not disclosed revenue; ARR Club tracks the run rate and Leonis Capital charts the company at roughly ten months from public launch to $50M ARR. Treat the figure as an estimate.

What Are Droids?

Factory's autonomous software engineering agents. A Droid takes an assigned ticket, writes the code, runs the tests and opens a pull request for human review — operating inside enterprise permissions and audit trails rather than as an editor plugin.

How Is Factory Different from Cursor or Copilot?

Copilots autocomplete inside an editor with a human driving. Factory agents own tickets end-to-end in the background — the buyer's frame of reference is engineering capacity, not seats of an IDE, which is why it sells as platform contracts with usage.

Who Founded Factory?

Matan Grinberg and Eno Reyes founded the company in San Francisco in 2023, with early backing led by Sequoia, to make agents the primary interface for software development.

How Does Factory Charge?

Enterprise platform contracts with a base fee plus usage as agent-completed work scales. Compliance and audit tiers add on for regulated organizations.

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