Tuesday, November 3, 2020

Factory OS Gets $17M Funding From Google and Autodesk

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.”

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