Enterprise software development company Factory said it has raised $200 million in new funding at a $5 billion valuation. According to ChainCatcher, the company said its total financing has now exceeded $400 million, more than tripling from its $1.5 billion valuation in April.
Factory said the capital will be used to accelerate research and development, product expansion, and global market growth. The company also said its product is used by hundreds of thousands of developers, including teams at NVIDIA, Blackstone, Royal Bank of Canada, Palo Alto Networks, and Adobe.