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Startups · 1h ago

Chamath Palihapitiya raises $135M Series A for AI coding startup, becomes CEO

By Meridian48 News Desk · Summarised from TechCrunch ·

Chamath Palihapitiya's AI coding startup raised a $135 million Series A round, with Palihapitiya taking the CEO role. The investment reflects continued VC appetite for AI-assisted development tools. The company aims to automate software coding tasks.

Meridian48 take
Palihapitiya's pivot from investor to founder CEO adds star power, but the massive round raises questions about valuation and competition in a crowded AI coding space.
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Chamath Palihapitiya raises $135M Series A for his AI coding startup, takes CEO role →
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