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Why we raised our Series A

Blog post from 8090

Post Details
Company
Date Published
Author
Chamath Palihapitiya
Word Count
468
Company Posts That Month
2
Language
English
Hacker News Points
-
Post removed?
No
Summary

8090 has successfully raised $135 million in a Series A funding round led by Salesforce, with contributions from WNDR, Craft Ventures, The Production Board, and LAUNCH, as well as support from notable angel investors. This investment underscores 8090's mission and progress, and it will facilitate hiring more personnel and enhancing the company's compute and infrastructure to meet growing demand. The company specializes in using its AI-enabled Software Factory to assist major clients across highly regulated sectors such as healthcare, aerospace, and financial services, in developing new systems and optimizing existing ones. By enabling these organizations to operate more efficiently, 8090 aims to build a playbook and network effects that will benefit a wide range of businesses. The CEO emphasizes the timely opportunity to leverage AI as a transformative force, drawing on his diverse experience in capital allocation to guide the company through this pivotal technological era.

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