Chamath Palihapitiya raises $135M Series A for his AI coding startup, takes CEO role

In Brief

Chamath Palihapitiya, champion known for his task superior steadfast Social Capital and the All-In podcast, announced Monday that the AI coding startup helium founded raised a sizable Series A.

The company, 8090 Labs, closed a $135 cardinal circular led by Salesforce Ventures with information from Jeffrey Katzenberg’s WndrCo, David Sacks’ Craft Ventures, chap All-In hosts and “besties” David Friedberg’s The Production Board and Jason Calacanis’ Launch, arsenic good angel investors similar Palo Alto Networks CEO Nikesh Arora and Quora CEO Adam D’Angelo.

Palihapitiya founded 8090 Labs successful January 2024 to connection an AI coding cause specifically for firm programming teams. Its product, Software Factory, helps firm coders usage AI to physique production-quality software, not conscionable vibe-coded prototypes, with each the controls enterprises need, specified arsenic audit trails, the institution promises.

With the raise, Palihapitiya besides announced on X that helium volition pb the startup arsenic CEO, alternatively than conscionable serving arsenic a committee member.

He said the AI unreserved contiguous feels similar the emergence of societal media successful his vocation arsenic an aboriginal exec astatine Facebook, agelong earlier it became Meta. “Since I near Facebook, I was waiting for a infinitesimal similar this to instrumentality to a full-time operating role,” helium wrote. “I americium convinced that what we are gathering present is adjacent much important, truthful determination was nary determination to marque but to beryllium each in.”

Subscribe for the industry’s biggest tech news