Factory, a developer specializing in autonomous AI agents capable of writing code, captured this momentum by securing $200 million in fresh capital. The funding round propelled the startup to a $5 billion valuation, a sharp increase from the firm's standing just five months ago. This triple-digit growth highlights a sustained appetite for capital-intensive AI ventures that promise to automate software engineering workflows.
Elsewhere in the sector, consolidation continues as established players move to secure digital infrastructure. Singapore’s Grab has entered an agreement to acquire a 60% stake in the payment-technology firm Atome Financial. The $1.49 billion all-cash deal signals a strategic push to deepen fintech integration within the delivery giant’s regional ecosystem, even as general market volatility keeps other tech equities under pressure.
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