After nearly 15 years, Manish Chandra will transition to being a member of the board of directors. Namsun Kim, who has served as executive chairman since April, has been appointed as his successor.
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In the U.S., ad spending was up 62% year-over-year in the first half of 2025.
The move comes as GitHub is facing growing competition from companies like Google and Cursor over AI tools for programmers.
Cognition is also laying off 30 employees. Those who take the buyout are expected to work 80+ hour weeks.
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Since its founding in 2014, a16z Bio+ Health has raised four funds of nearly $3 billion each, including a $1.5 billion fund that…
