All four hosts of the All-In podcast — Palihapitiya, David Sacks, David Friedberg, and Jason Calacanis — personally backed this round through their own funds, an unusually concentrated bet from Silicon Valley’s most powerful friend group.
8090 has raised $135 million in a Series A round led by Salesforce, with Palihapitiya stepping into the CEO role to lead the company’s next phase of growth.
The company says it reverse-engineered 18 million lines of 1970s-era COBOL and Assembly code behind a healthcare billing engine into 300,000 plain-English rules — in 40 days.
Chamath Palihapitiya spent the last several years as the man Wall Street nicknamed the “SPAC King” — until the SPAC boom collapsed and took several of his biggest bets, including Virgin Galactic and Clover Health, down with it. Now he is betting his comeback on something entirely different: AI agents rewriting the oldest, most broken code in corporate America.
On June 29, Palihapitiya announced that 8090, the AI-native software company he co-founded in January 2024, has closed a $135 million Series A — and that he is stepping into the chief executive role to lead the company’s next phase, his first full-time operating position since leaving Facebook.
