Factory_OS Receives Strategic Investments from Autodesk, Citi to Help Address Affordable Housing Crisis in Bay Area and Beyond

**Mare Island, California, July 10, 2019 /PRNewswire/ — Factory_OS, a trailblazer in reshaping home construction by delivering cost-effective and eco-friendly multifamily homes while fostering job creation and innovation, has secured strategic investments from Autodesk, Inc. (NASDAQ: ADSK), and Citi (NYSE: C). These investments aim to tackle the escalating affordable housing crisis in the San Francisco Bay Area and beyond.**  With this infusion of capital, Autodesk is deepening its partnership with Factory_OS by aiding in the establishment of the Factory Floor Learning Center—a hub dedicated to exploring advancements in industrialized construction and advocating for necessary shifts in public policies to maximize its advantages. This initiative will be spearheaded by the Terner Center for Housing Innovation. Additionally, the funds will facilitate the formation of a team tasked with planning and constructing a Rapid Response Factory. This second facility presents an opportunity to experiment with novel machining methods while addressing the urgent need for quick-turnaround housing following natural disasters and crises. Collaboratively, Autodesk and Factory_OS will enhance their software collaboration to simplify design, fabrication, and supply chain management. Citi is supporting Factory_OS via its Spread Products Investment Technologies (SPRINT) program, which launched in 2018 to foster partnerships with emerging tech firms, along with Citi Community Capital, the division focused on financing various affordable housing and community development initiatives. In 2018 alone, Citi reported over $6 billion in loans allocated toward affordable rental housing projects, earning recognition as the nation's top affordable housing lender for nine consecutive years. “Autodesk and Citi are pivotal to our ongoing expansion and success,” remarked Rick Holliday, CEO of Factory_OS. “We’re proud to partner with two organizations that share our vision for transforming the construction sector and are equally passionate about addressing the housing shortage not just here at home but across urban centers nationwide.” Andrew Anagnost, CEO of Autodesk, added, “Factory_OS is a trailblazer redefining the modular homebuilding landscape and turning the dream of affordable city living into a tangible reality. We’re thrilled to collaborate with them and Citi in helping families secure safe, affordable homes. I’m confident our partnership will pave the way for nationwide solutions to the rising housing crisis.” Matt Zhang, Head of Spread Products Investment Technologies at Citi, stated, “Innovating within affordable housing is essential for addressing one of the country’s most pressing issues. We’re excited to join Factory_OS in driving transformative change and ensuring access to quality, safe, and affordable housing.” To learn more about today’s announcement, visit [ADSK NEWS](#). **About Factory_OS** Factory_OS is a pioneering volumetric modular construction startup based in the SF Bay Area, poised to disrupt traditional construction methods for affordable multi-unit residential buildings in this region and other U.S. urban hubs. Founded by seasoned industry experts, they are committed to expanding their business sustainably and serving as a catalyst for change in the construction industry. Learn more at [factoryos.com](#). **About Autodesk, Inc.** Autodesk empowers creators of all kinds—architects, engineers, game developers, filmmakers, and more—to bring their visions to life. From race cars to skyscrapers to smartphones, their tools shape the world around us. At Autodesk, creativity knows no bounds. Visit [autodesk.com](#) or follow @autodesk. ---  **SOURCE:** Autodesk, Inc.; Factory_OS 

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