Chamath raises $135M for his AI coding shop and calls CEO

Chamath Palihapitiya founded an AI coding startup and the company just closed a $135M Series A. He's stepping into the CEO chair — so the founder is now the one signing the checks and running the floor.

VCs are still lining up for AI coding tools. This one landed the round on the strength of his name and the product itself. The market hasn't run out of money for the next wave of developer tools, and Chamath is betting it won't for a while.

Why this matters for us: when founders keep writing themselves new rounds, the tools they're building — faster code, faster shipping — tend to be the ones that actually work for the people who use them every day, not the ones that look good in a pitch deck.