# Matan Grinberg

Type: Person

Source: Startup Intelligence Brief — https://getstartupbrief.com/entity/matan-grinberg
Canonical HTML page: https://getstartupbrief.com/entity/matan-grinberg

## Timeline

- **2026-09-15**: $200 million round at $5 billion valuation — Factory announces a $200 million funding round that more than triples its valuation to $5 billion.
- **2026-09**: Cognition raises major round — Rival Cognition raises $2 billion at a $48 billion valuation earlier in September, according to Reuters.
- **2026-04**: $150 million round at $1.5 billion valuation — Factory raises $150 million in April, valuing the company at $1.5 billion.
- **2023**: Factory founded — Matan Grinberg and Eno Reyes launch Factory to provide AI agents for enterprise engineering teams.

## Recent coverage (1 stories)

### Factory raises $200M, hits $5B valuation in 5-month sprint
2026-09-16 00:22:40 · Sentiment: Positive · Impact: 6/10 · Sources: 2

Factory's latest $200 million round triples its valuation to $5 billion just five months after a $150 million round at $1.5 billion, showing how fast enterprise AI coding startups can reprice in a hot funding market. Backers include Sequoia, Khosla, Insight and Blackstone.
Full story: https://getstartupbrief.com/story/factory-200m-5b-valuation-five-month

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