Chamath Palihapitiya, the billionaire investor and former CEO of LinkedIn, has raised a record-breaking $135 million in series A funding for his new startup, which he calls Code & Co. The investment, made by prominent venture capital firms, was announced today with Palihapitiya himself set to become the company's CEO.
The focus on AI coding startups is not new, and it remains a topic of interest among investors. VCs such as Sequoia Capital and KKR have shown an appetite for funding companies that leverage artificial intelligence in their operations. Code & Co.'s unique approach involves creating a platform for software developers to build and deploy AI-powered tools, aiming to revolutionize the way businesses work with technology.
Palihapitiya's experience in building and leading successful companies has been instrumental in shaping Code & Co.'s vision. The company plans to use its funding to expand its team, develop new features, and establish partnerships with prominent tech companies. With Palihapitiya at the helm, Code & Co. is poised to make a significant impact on the AI coding landscape.