Building Affordable Apartments funded by Google, Autodesk

Factory_OS on Mare Island

Factory_OS is expanding in Vallejo’s Mare Island. The company increased its workforce by 25%. It is receiving orders for thousands of modular apartments.

Funding and revenue

• By June 2021, Factory_OS received $17 million from Google and Autodesk.
• In an earlier round in mid-2019, Autodesk and Citi contributed to a combined $22.7 million round.
• Revenue was on track to end the year at $80 million.
• The company projected $150 million in revenue the next year.
• Six projects brought in a $40 million deposit for work to be built in 2021–2022.

Facilities and hiring

• Factory_OS hired 100 workers after the second round of capital.
• In September, it began operating in a 125,000-square-foot former shipbuilding facility at 1275 Nimitz Ave.
• The new site is a block behind its existing 250,000-square-foot plant in Building 680.

Plans

Robotics are expected in the next six months. The company also plans a multi-building housing research, development, and production campus connecting the two sites.

Quote

CEO and co-founder Rick Holliday said, “We’ve gone from a brand new startup to functional and now from functional to stable.” He also said, “We’re doubling down on Mare Island.”