Faction: Funding, Investors & Team (Aug 2026)
Faction specializes in creating software and services for self-driving electric cars. They offer supervised autonomous vehicle solutions that involve remote human supervision through their TeleAssist® system, which allows for immediate action instead of waiting for fully autonomous technology. Initially, Faction is directing its efforts towards micro delivery services for short distances and on-demand vehicle usage, allowing users to summon a car and drive it themselves. The company currently has programs in place with real customers on public roads.
Faction has raised $6.2M across 3 funding rounds on record, the most recent an undisclosed round of $6.0M announced in Oct 2023.
That round is below the $10M median round size for Hardware companies tracked on FundedIQ over the last two years.
Faction Company Profile and Key Stats
Latest funding round on record: Oct 2023.
Faction Funding Rounds
Faction raised $100k in a Seed announced in Dec 2021.
6 months later, a Grant of $100k was announced in Jun 2022.
1.3 years later, an undisclosed round of $6.0M was announced in Oct 2023.
Faction Founders and Leadership Team
Contact details for the Faction team: 1 of 1 has an email address on file.
Start 14-day free trial →Faction Funding Compared to Other Hardware Startups
Faction's latest round of $6.0M is below the median round in Hardware. Medians cover the last 24 months of disclosed rounds.
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Faction Funding FAQs
What does Faction do?
Faction specializes in creating software and services for self-driving electric cars. They offer supervised autonomous vehicle solutions that involve remote human supervision through their TeleAssist® system, which allows for immediate action instead of waiting for fully autonomous technology. Initially, Faction is directing its efforts towards micro delivery services for short distances and on-demand vehicle usage, allowing users to summon a car and drive it themselves. The company currently has programs in place with real customers on public roads.
How much funding has Faction raised?
Faction has raised $6.2M across 3 rounds on record. The most recent is an undisclosed round of $6.0M announced in Oct 2023.
When did Faction last raise funding?
Faction's most recent funding round on record is an undisclosed round of $6.0M, announced in Oct 2023.
Who is the CEO of Faction?
Ain Mckendrick is listed as CEO at Faction.
Where is Faction headquartered?
Faction is based in South San Francisco, California, United States.
How many employees does Faction have?
Faction is in the 11-50 employee band.
How does Faction's funding compare to other Hardware startups?
Faction's latest round of $6.0M is below the $10M median round size for Hardware companies on FundedIQ across 1,454 tracked companies over the last two years.
About FundedIQ's Faction Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Faction is left off this page rather than filled in.
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