Chamath Palihapitiya raises $135M Series A for AI coding startup, takes CEO role
Tags AI · Enterprise
Venture capitalist Chamath Palihapitiya has raised $135 million in Series A funding for his AI coding startup and has taken over as CEO of the company. The round underscores continued strong investor appetite for AI-powered coding tools despite increasing competition in the space. Palihapitiya, known for his role at Social Capital and as a prominent tech investor, is now directly operating a company in the AI coding market, joining a wave of well-funded competitors including Cursor, Windsurf, and others. The funding will support development of the company's coding automation platform targeting enterprise software development teams.
Technical significance
The size of this round at Series A reflects the massive TAM that investors assign to AI coding tools. Palihapitiya's decision to take an operating CEO role rather than remain a passive investor signals his conviction that execution speed and product vision are the key differentiators in an increasingly crowded market. For enterprise engineering leaders, the influx of capital into this space suggests continued rapid improvement in code generation capabilities.