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Factory hits $1.5B valuation to build AI coding for enterprises

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More than three years after the emergence of generative AI, AI-assisted coding remains by far the most popular and lucrative use case for the technology.

Although multiple companies — including Anthropic, maker of Claude Code, as well as Cursor and Cognition — are already vying for dominance, investors believe there is room for at least one more player.

On Wednesday, Factory, a startup developing AI agents for enterprise engineering teams, announced it had raised $150 million at a $1.5 billion valuation. The round was led by Khosla Ventures, with participation from Sequoia Capital, Insight Partners, and Blackstone. Keith Rabois, a managing director at Khosla Ventures, joined the startup’s board.

Factory founder Matan Grinberg told the Wall Street Journal that the company’s key differentiator is its ability to switch between different foundation models, such as Anthropic’s Claude or Chinese AI startup DeepSeek. However, startups like Cursor also don’t rely on a single model to generate code.

Factory’s customers include engineering teams at Morgan Stanley, Ernst & Young, and Palo Alto Networks.

The startup was founded in 2023 after Grinberg, then a PhD student at UC Berkeley, cold-emailed Sequoia partner Shaun Maguire. The two bonded over mutual academic interest. (Maguire’s PhD from Caltech is in the same area of physics Grinberg was studying.)

Maguire convinced Grinberg to drop out and launch Factory, with Sequoia backing the startup at the seed stage.

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Nigerian Wonderkid “Ostilo” Begins Trials With Turkish Giants Beşiktaş

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Former Nigeria U17 international Adewale Quadri, popularly known as “Ostilo” among teammates and close friends, has officially commenced trials with Turkish giants Beşiktaş J.K. youth team.

The highly-rated Nigerian youngster is currently being evaluated by the Istanbul-based club as he continues his pursuit of a breakthrough opportunity in European football.

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Sources close to the player indicate that Quadri has already begun making positive impressions during the trial period with his performances, attitude, and work ethic attracting attention within the club setup.

The talented prospect has reportedly shown strong determination, technical ability, maturity on the ball, and attacking quality during training sessions and evaluation matches.

Known for his confidence, creativity, and energetic style of play, the former Nigeria U17 player continues to strengthen his reputation as one of the exciting young Nigerian talents aiming to establish themselves abroad.

Beşiktaş—popularly known as the Kara Kartallar (Black Eagles)—remain one of the biggest and most historic clubs in Turkish football, making the opportunity another important milestone in Quadri’s young career.

Football followers and supporters close to the player remain hopeful that the talented Nigerian can successfully complete the process and secure a permanent place within the club’s development system.

For Adewale Quadri, the trial represents another major step toward achieving his European football dream while proudly representing Nigeria on the international stage.

As the evaluations continue in Turkey, many will now be eagerly waiting for positive news regarding the future of the promising youngster known as “Ostilo.”

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FAAN announces additional health screening measures, enhanced Ebola surveillance at Nigerian airports

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The Federal Airports Authority of Nigeria (FAAN) has assured travellers and other airport users that enhanced health surveillance measures have been activated across the country’s international airports following renewed Ebola concerns in parts of Central Africa.

In a statement issued on Wednesday, FAAN said the measures were introduced in collaboration with Port Health Services, the Nigeria Centre for Disease Control and Prevention (NCDC) and other relevant agencies to strengthen preparedness and prevent possible health risks.

According to the authority, surveillance and passenger monitoring have been intensified, particularly for travellers arriving from high-risk regions.

“Passengers are being screened for symptoms associated with Ebola, and any suspected case will be promptly isolated and subjected to secondary health checks in line with established national and international health protocols,” the statement said.

FAAN noted that additional emergency response procedures have also been reinforced while airport personnel have undergone increased sensitisation as part of precautionary efforts.

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The authority stressed that there is currently no confirmed Ebola case in Nigeria but said it remains vigilant in safeguarding public health and ensuring safe airport operations.

“FAAN remains vigilant and fully committed to safeguarding public health and maintaining safe airport operations,” the agency stated.

READ ALSO: FAAN nabs four unauthorised persons at Akure airport

Passengers were also advised to remain calm, cooperate with health screening procedures and report any symptoms to health officials at the airports.

The development comes as health authorities across parts of Africa continue to monitor Ebola-related concerns and strengthen border surveillance to prevent cross-border transmission.

Nigeria’s aviation and health authorities have previously activated similar emergency screening measures during periods of global and regional disease outbreaks, including the COVID-19 pandemic and earlier Ebola scares.


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