Factory_OS Raises $55 Million For Its Innovative Efforts To Solve The Bay Area Housing Crunch
November 23, 2020Factory_OS raised $55 million in a Series B funding round, led by Lafayette Square and backed by Autodesk, Citi, Facebook, Google and Morgan Stanley.
Factory_OS Joins Forces With Technology and Finance Leaders to Solve the Housing Crisis
November 20, 2020Factory_OS announced today that it has raised $55 million in Series B funding from six tech and finance industry giants—Autodesk, Citi, Facebook, Google, Morgan Stanley and round leader Lafayette Square. The investment will help Factory_OS accelerate growth and further integrate digital technologies to build multifamily housing.
It’s time to fight for the San Francisco we love, not abandon it
September 27, 2020The city of San Francisco spends at least $600,000 over seven years to build just one unit of permanent housing. By next year, in partnership with Factory OS, Mercy Housing and the Northern California Carpenters Union, Tipping Point will have completed 145 units in under three years for less than $400,000 per unit.
Can Factory-Built Apartments Solve California’s Housing Woes?
Matt Levin | Capital Public Radio
Larry Pace is giving a tour of a construction site … kind of. He’s near the entrance of a 258,000-square-foot factory in Vallejo, on the outskirts of the Bay Area. The Navy built submarines here during World War II. Picture…
Factory_OS Makes History in Oakland
| The Northern California Carpenter
The next chapter in the evolution of the construction industry opened last month with the assembly of an 110-unit Oakland residential project. It was the first such project, built in the Factory_OS plant in Vallejo by about 200 members of…
Housing development erected in West Oakland in 10 days
Rob Roth | KTVU
OAKLAND, Calif. (KTVU) – Along Fifth Street in West Oakland Monday, workers hoisted a brand new pre-assembled, fully loaded kitchen onto the second floor of an apartment building. In fact, all five stories of the 110-unit project called the Union, were…
GO-Biz exec finds opportunity at Mare Island manufacturer
Todd R. Hansen | Daily Republic
MARE ISLAND — The director of GO-Biz, the Governor’s Office of Business and Economic Development, toured the Factory_OS facility on Mare Island on Tuesday, a prelude to an anticipated visit by Gov. Gavin Newsom in the fall. The visit also served…
This startup is building post-disaster housing using a giant assembly line
| The Optimist Daily
After two of the worst fires in California’s history tore through the state in the last three years, a housing startup by the name of FactoryOS knew it had to do something. The homes of thousands were incinerated by the…
Why Autodesk is investing in an urban prefab construction startup
Heather Clancy | Green Biz
This article was adapted from the newsletter VERGE Weekly, running Wednesdays. Subscribe here. Two years ago, prefab construction firm Factory OS — which leans heavily on software to build homes quickly while minimizing waste — got its first big order…