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

VCs remain thirsty to fund AI coding startups. This one, founded by investor, Chamath Palihapitiya, is no exception.

Palihapitiya founded 8090 Labs in January 2024 to offer an AI coding agent specifically for corporate programming teams. Its product, Software Factory, helps corporate coders use AI to build production-quality software, not just vibe-coded prototypes, with all the controls enterprises need, such as audit trails, the company promises. With the raise, Palihapitiya also announced on X that he will lead the startup as CEO, rather than just serving as a board member. He said the AI rush today feels like the rise of social media in his career as an early exec at Facebook, long before it became Meta. “Since I left Facebook, I was waiting for a moment like this to return to a full-time operating role,” he wrote. “I am convinced that what we are building now is even more important, so there was no decision to make except to be all in.” Last chance to save up to $190 on TechCrunch Founder Summit. Join 1,000+ founders and VCs at all stages for real-world scaling insights and connections that move the needle.Savings end June 26, 11:59 p.m. PT. Every weekday and Sunday, you can get the best of TechCrunch’s coverage. TechCrunch Mobility is your destination for transportation news and insight. Startups are the core of TechCrunch, so get our best coverage delivered weekly. Provides movers and shakers with the info they need to start their day. By submitting your email, you agree to our Terms and Privacy Notice. As TV-tracking app TV Time shuts down, its founder builds Bingers, a new home for fans