About two years after it opened its cavernous plant on Vallejo’s Mare Island, Factory_OS has expanded its production facilities by 50% and workforce by 25%, fueled by new funding to turn out orders for thousands of modular apartments.
At midyear, the 5-year-old startup factory residential unit builder received $17 million from Silicon Valley-based Google and Autodesk, according to CEO and co-founder Rick Holliday. In an earlier round in mid-2019, the San Rafael-based design software maker and global bank Citi had contributed to a combined $22.7 million round of funding.
And in the next six months, the company plans to add robotics, unveil three new funders and roll out plans for a multibuilding housing research, development and production campus connecting the two facilities.
“We’re doubling down on Mare Island,” Holliday said. “Demand for what we’re doing is increasing.”
CLICK HERE to read the entire North Bay Business Journal article