Factory, a startup developing AI agents for enterprise engineering teams, has secured $150 million in funding at a $1.5 billion valuation, marking a significant follow-on round led by Khosla Ventures with participation from Sequoia Capital, Insight Partners, and Blackstone. The company plans to utilize these funds to further develop its AI coding technology, which already serves clients like Morgan Stanley, Ernst & Young, and Palo Alto Networks. This Series B round follows the startup's seed funding from Sequoia Capital in 2023.