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Factory raises $200 million to scale autonomous software development

Factory has raised $200 million at a $5 billion valuation from investors including Blackstone, Khosla Ventures, Sequoia Capital, Insight Partners, Evantic Capital, Sound Ventures, NEA, Mantis VC and Clearlake. The company says it will accelerate investment in research, product and global go-to-market for its autonomous software-development platform.