Chamath Palihapitiya has raised a hefty $135 million Series A for his new AI coding startup, 8090 Labs. The company’s product, Software Factory, is designed to assist corporate programming teams in building production-quality software using AI, with controls like audit trails included.

This funding not only bolsters the startup but also marks a major shift as Palihapitiya steps into the CEO role, indicating his belief that this moment is crucial for both him and the future of coding.

Reflecting on today’s AI rush, he compares it to the early days of social media at Facebook, stating, “I was waiting for a moment like this to return to a full-time operating role.” His conviction in the importance of what they are building suggests that the future of coding might be as transformative as the rise of social media.

With the support from notable investors such as Salesforce Ventures and industry giants like Nikesh Arora, the stage is set for 8090 Labs to make significant waves. Whether this will usher in a new era of code or cause job displacement remains to be seen.