Chamath Palihapitiya, best known for venture capital firm Social Capital and the All-In podcast, announced Monday that the artificial intelligence coding startup he founded has raised a large Series A round.
The company, 8090 Labs, closed a $135 million round led by Salesforce Ventures with participation from Jeffrey Katzenberg’s WndrCo; David Sacks’ Craft Ventures; Fellow All-In hosts and “goodies” David Friedberg (The Production Board) and Jason Calacanis (Launch); and angel investors such as Palo Alto Networks CEO Nikesh Arora and Quora CEO Adam D’Angelo.
Palihapitiya founded 8090 Labs in January 2024 to offer an AI coding agent specifically for enterprise programming teams. Its product, Software Factory, helps corporate coders use AI to create production-quality software, not just vibe-coded prototypes, with all the controls businesses need, like audit trails, which the company promises.
With growth, Palihapitiya also announced On X he will lead the startup as CEO, not just as a board member.
According to him, the artificial intelligence rush today is similar to the rise of social media in his career as an early executive at Facebook, long before there was Meta. “Since leaving Facebook, I’ve been waiting for a moment like this to return to a full-time operations role,” he said. “I’m sure what we’re building now is more important, so no decision was made other than to be all in.”
