Brief
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Chamath Palihapitiya, best known for his venture capital firm Social Capital and the All-In podcast, announced Monday that the AI coding startup he founded has raised a major Series A round.
The company, 8090 Labs, closed a $135 million funding round led by Salesforce Ventures with participation from Jeffrey Katzenberg’s WndrCo; David Sacks’ Craft Enterprises; fellow All-In hosts and “best friends” David Friedberg (The Production Board) and Jason Calacanis (Launch); and angel investors like Nikesh Arora, CEO of Palo Alto Networks, and Adam D’Angelo, CEO of Quora.
Palihapitiya founded 8090 Labs in January 2024 to offer an AI coding agent specifically for enterprise programming teams. Its product, Software Factory, helps enterprise coders use AI to create production-quality software, not just atmosphere-coded prototypes, with all the controls businesses need, such as audit trails, the company promises.
With this increase, Palihapitiya also announced on that he will lead the startup as CEO, rather than simply serving as a board member.
He said the rush to AI today resembles the rise of social media during his career as an early executive at Facebook, long before it became Meta. “Since leaving Facebook, I have been waiting for a moment like this to return to a full-time operational role,” he wrote. “I am convinced that what we are building now is even bigger, so there was no decision to make except to go all in.”
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