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Factory CEO just accused his VC board advisor of spying for Cognition

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CitrixNews Staff
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Factory CEO just accused his VC board advisor of spying for Cognition

Matan Grinberg, co-founder and CEO of the AI coding startup Factory, said in a post on X on Wednesday that he fired VC Chris Degnan from role as a board advisor. Grinberg alleges that Degnan shared confidential information with Factory’s biggest competitor, Cognition.

Two hours later, Degnan announced on both X and LinkedIn that he has joined Cognition as its chief revenue officer.

Originally reported by TechCrunch. Read the full story at the original source.