Factory, whose AI coding agents, called Droids, switch between models depending on a task's complexity, raised $200M at a $5B valuation, up from $1.5B in April (Angel Au-Yeung/Wall Street Journal)

Angel Au-Yeung / Wall Street Journal: Factory, whose AI coding agents, called Droids, switch between models depending on a task's complexity, raised $200M at a $5B valuation, up from $1.5B in April — Khosla Ventures, Blackstone and Marc Benioff are among the investors putting $200 million into the startup