Mentioned:
Chamath Palihapitiya’s artificial intelligence startup has just raised a massive new round of funding. And Salesforce is behind it.
What’s happening:
- Artificial intelligence software startup 8090 has successfully raised $135M USD in a new Series A financing round
Why it matters:
- Salesforce's (NYSE: CRM) venture capital arm was the lead investor in 8090’s Series A funding round
Going deeper:
- 8090’s flagship technology known as Software Factory is purpose built to help large, regulated companies build new software through leveraging artificial intelligence
- Multiple notable venture capital funds also participated in 8090’s Series A financing round including David Sacks’ Craft Ventures, WndrCo, The Production Board and LAUNCH
The intrigue:
- Entrepreneur and venture capitalist Chamath Palihapitiya is the co-founder of 8090 and initially funded the company with his own capital
