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Rivian spinout Also raises $150M Series D led by Prysm

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Coding Tools Agents Enterprise AI coding-tools agents

TL;DR

  • Warp reports automating 30-35% of its own weekly engineering tasks via Factories internally, grounding the launch in dogfooded operational data.
  • Factories are model- and harness-agnostic, letting enterprises benchmark LLMs against their own workflows rather than committing to a single provider.
  • Each factory is defined in version-controlled config files, enabling observer agents to auto-generate PRs that improve factory performance over time.

Also, the micromobility company spun out of Rivian less than two years ago, has raised a $150 million Series D led by Prysm Capital, with existing backers Eclipse, Greenoaks, and MVP Ventures joining, TechCrunch reported. The round brings Also's total funding to $455 million and, per the reporting, pushed the two-year-old startup's valuation past $1 billion.

The company sells an electric bike, the TM-B, and commercial electric cargo quads, and has autonomous delivery vehicles in development. Amazon is buying pedal-assist cargo vehicles from Also; DoorDash has a multiyear commercial agreement for the autonomous delivery vehicles. The new capital will 'accelerate the development' of Also's autonomous driving technology across multiple form factors.

Prysm Capital co-founder and managing partner Jay Park framed the bet as an extension of an earlier one: 'We backed Rivian early because we saw the potential behind wonderfully designed, vertically integrated electric trucks, vans, and SUVs.' RJ Scaringe, Rivian's founder and CEO, co-founded Also.

What others are reporting

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  1. TechCrunch Read →

    Democratization framing: Stripe and Ramp built this infrastructure internally; Warp packages it for teams that cannot staff the same effort. Includes CEO's live internal automation rate of 30-35%.

    "it's actually a huge infrastructure undertaking to do this right" — Warp CEO Zach Lloyd
  2. Latent Space Read →

    CEO interview surfaces the one-year horizon call and frames factory engineering as an emerging developer discipline where teams direct agents rather than write code directly.

    "Every significant software project will have some engine of code continuously driving it forward" — Zach Lloyd, Warp CEO

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Originally reported by warp.dev

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Original headline: Warp Launches Factories, Closed-Beta Cloud Infrastructure for Running Coding-Agent Fleets Across the SDLC