In a stunning leap for the generative AI sector, three-year-old startup Factory has secured a $1.5 billion valuation after raising $150 million. The investment round, led by Khosla Ventures, underscores a growing belief that AI agents are ready to tackle complex coding tasks for major corporate clients. Factory aims to transform how enterprises build software by deploying autonomous AI systems that write, test, and manage code. This massive cash injection will fuel the company's expansion, intensifying the competition to bring reliable, large-scale AI coding solutions to the market.