We have raised $200M at a $5B valuation to scale self-improving software development in the enterprise. @FactoryAI has grown to serve hundreds of thousands of developers at companies including RBC, Adobe, Nvidia, T-Mobile, and Palo Alto Networks. We will use this capital to accelerate our investments in research, product, and global go-to-market.
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"second tier because we put ourselves second and our customers first" overheard at @FactoryAI
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didn't know we were a neolab! in this category, i must admit we are second-tier
Replying to @chrisbarber
(part 2) I asked people which neolabs under $10B have the highest talent density: Full list: frontierlist.com/neolabs 1 vote each: - Biography - Chai Discovery (@joshim5, @jackdent, @Mattmcpartlon1, @j_boitreaud) - CTRL-G (@GregoireGambatt, @pacovilletard) - Emulate (@jparkerholder, @MattMcGill_, @philipjohnball) - Engram (@dan_biderman, @EyubogluSabri, @RealJessyLin, @jxmnop, @scott_linderman, Chris Ré) - Factory (@matanSF, @EnoReyes) - Fulcrum - General Intuition (@PimDeWitte, @EloiAlonso1, @AdamJelley2, @micheli_vincent, Iggy Harmsen) - Isomorphic Labs (@demishassabis) - Olo Din (@mishayagudin) - Pantheon (@calixo888, @Jannikschg) - Sakana AI (@hardmaru, @YesThisIsLion, @renitomail) - Simile (@joon_s_pk, @msbernst, @percyliang) - Stealth - Stealth text-diffusion lab (ex-GDM) - TypeSafe (@CompleteSkeptic, @EGafni, @hackgoofer) - UniversalAGI (@aha_ml) - Wafer (@gpuemi, @gpusteve)
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One advantage of using a model agnostic platform like Factory is trust and resiliency against vendor lock-in. Key to that trust is visibility into spend. Now you can jump into the analytics and break down exactly where Droid is working best. User by user, session by session, model by model.
Announcing our new and improved Analytics, giving engineering leaders transparency into consumption, model efficiency, and adoption, broken down by model and by user across every session in the organization.
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Great day to deliver shareholder value :) Use Factory to automate the low-leverage work and building becomes so much more fun. And the auto-model router means I don't need to remember which of the 10 models that came out this week is best.
Custom Automations are now GA in Factory. Describe a recurring workflow, pick a schedule or event trigger, and Droid runs it to the intended result. You choose the model, the machine, and Connectors for each automation.
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We are terminating Chris Degnan for unethical conduct involving Cognition. The last few months have seen incredible progress in AI capabilities. San Francisco has flourished as new companies that solve new, more ambitious problems are finding great success. Generally, it is a wonderful time to be building. We at @FactoryAI have seen overwhelming interest in our model-agnostic coding agents and our software factory product. Our team has 10x’d in size, while our revenue has 100x’d year over year. This momentum has been unprecedented. A much larger competitor, Cognition (makers of Devin) has fallen behind us on the capabilities that matter most to customers: cost, quality, and security. Instead of competing in the market, Cognition engineers feigned interviews with us to pry information about our product. Not finding what they were looking for, Cognition has decided to throw their weight and money at people with direct knowledge of our most confidential plans. It feels as though ethics is being thrown out of the window in the AI era. People are willing to do anything, including exploiting privileged information and violating ethical boundaries. I think this is unique to our time, and I don’t think it’s right. Integrity still matters. Yesterday, I made the decision to immediately terminate Christopher Degnan’s roles as a Board Observer and Advisor to Factory, after over a year of service. Prior to this decision, Chris told me he had a casual conversation with an executive at Cognition AI. When I questioned his intentions, he reassured me that ethics aside, he had “made too much money” and was “too lazy to go work for Cognition,” which I trusted and believed. On Monday, Chris spent time advising the Factory team on a handful of confidential board-level matters. That evening, he called me to say that the conversation that was initially described as casual and one-off was actually formal and recurring. For weeks, while he sat in our board meetings and advised our leadership team, he was also confiding with executives of our largest competitor. Chris was subject to confidentiality obligations in connection with his work with Factory. We do not know the extent of the information he shared, but it puts his timely questions about our product roadmap and what the parity gap involves into a new light. It is sad to sever a relationship with someone who has been a trusted advisor - and even a close friend - for over a year. But Chris’s conduct is unacceptable to me. Trust in Board Membership is one of the sacred bonds in the Silicon Valley, one that helps the startup ecosystem thrive. With it comes an enormous responsibility. That trust was violated. Competition is good. I respect and in many cases admire our competitors. San Francisco is a beautiful, singular place where the bold and ambitious go to defy the norms and precedents of the past. But certain principles that must remain. Violating ethics to seek advantage turns what should be positive-sum into zero-sum. We all love technology. And we all love to compete. But we must hold ourselves to a higher standard. The future of software engineering comes with abundance that will impact every person on Earth. Building that future comes with immense responsibility. We must build and compete with integrity.
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postcard from the factory slack
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As a former theoretical physicist I can attest: You will not notice anything as you cross the event horizon. Your watch keep ticking, everything around you looks normal. For AGI, we have already crossed the event horizon. So far so good, but lots of work left to be done.
Factory CEO on why AGI is already here @matanSF is the co-founder and CEO of @FactoryAI, a $5 billion AI coding startup building Droid agents to automate the engineering process. He tells me how AI is changing the job of a software engineer and why Factory is betting on a future with many competing models. We get into how it balances model performance with token costs and why he thinks companies should avoid depending on one AI provider. We also discuss why he thinks AGI is already here, how Factory hires its own engineers, his view of the open-versus-closed AI debate, competition with companies like Cognition, and when companies should outsource to AI rather than build in-house. Timestamps: 00:00 The AI coding shift 06:10 What makes Factory different 11:32 Funding Factory’s growth 16:17 When AI writes the code 20:25 Hiring in the AI era 28:30 Betting on multiple models 32:49 Is AGI already here? 34:30 AI safety and regulation 39:36 Building a trusted AI business 41:32 The risks of model dependence 44:50 Competition and engineering’s future Links: YouTube: piped.video/IMxtXy2SnH0 Spotify: open.spotify.com/show/3p1KZv… Substack: sources.news/p/factory-ceo-a… Thanks to the show’s premiere sponsors: @Atlassian, @meetgranola, and @mercury.
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Matan Grinberg retweeted
GUESS WHO'S BACK, BABY!! @FactoryAI Finally!
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Matan Grinberg retweeted
I decided to put this to the test. $25 of credits on Droid vs Devin. Devin ran out in under an hour. It burned through usage. Droid ran for 8 hours, finished the task, and still had several dollars left over. You guys are doing some kind of black magic with your harness.
Another "harness matters" post. Thank you for the feedback!
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Matan Grinberg retweeted
Sonnet 5.5 is live in Factory. Some initial observations: - High is a strong default - Checks that the real requirement is met, not just the nearest failing test - Questions explanations carried over from earlier work Try it now: factory.com/
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I underestimated how soon this would come
"In the next 12 months, 90% of tokens will be going to open models." - @FactoryAI CEO @matanSF "At the beginning of the year, <1% of their tokens were going to open models." "Around March, it crossed 1%... in May it crossed 10%." "These open models are incredibly performant, incredibly cheap, incredibly fast."
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we know we have hit ASI when we start measuring the intelligence of models by the questions they ask, instead of the questions they answer
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Matan Grinberg retweeted
Every job i’ve gotten in tech has been through X and I’ve always wanted a way to track/refer my network on here. Excited about @cosign and what @david__booth @eriktorenberg and co are building. Check out the companies I think you should join: cosign.co/lists/sonofalli/co…
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Big Token hates this one simple trick! Dynamic model routing allows for a more efficient free market across the model providers. This puts pricing pressure on them to provide the best/fastest/cheapest tokens for any given task, lest the tokens get routed to a competing model.
Factory Router now cuts inference costs by 63% in production, up from 42% in late June, while routed session volume grew roughly 4x.
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POV life without @FactoryAI
besides for really neet demos of words on screen moving this is almost always utterly useless I could be wrong, but I have never seen someone produce anything of worth. Thinking directly of Steve Yeggie's last 2 years of just utter hot garbage. Factories and Factory Factories appear to be absolutely useless from a real product perspective.
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Matan Grinberg retweeted
Replying to @matanSF
Underrated. Early employees at all now legendary companies would probably say the same about when they started, and left when the fun slowed.
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Matan Grinberg retweeted
Introducing Teams. Bring Factory to your whole engineering team. With Teams, you can now add multiple users to a self-serve plan with centralized billing. Delegate bug fixes, tests, and migrations to Droids while your team focuses on what to build next.
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One of the reasons we will win is because we are having more fun
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This is true and is a process that has been in place for the last few million years, since man first used a tool. Yet man has managed to find and rediscover sources of meaning again and again. Turns out, much meaning can be found along the long, long ride to the asymptotic limit. This time will be no different.
i don't think nearly anyone, myself included, has truly internalized there'll soon be a machine better than us in every single intellectual & physical capacity deep down we all share a feeling that our 'entrepreneurship' or 'taste' or... is special & safe. it isn't. it's over
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Matan Grinberg retweeted
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