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TechCrunchJulie Bort

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

Two hours after Grinberg’s post, Degnanannouncedon both X and LinkedIn that he had joined Cognition as its chief revenue officer.

Degnan is also a go-to-market adviser to startups at the muchbigger venture firmIconiq, a role that dates back to October of last year.Three-year-old, San Francisco-based Factory is an agentic coding startup whose AI agents can carry out programming tasks largely on their own. The companyraised $200 million at a $5 billion valuationthis month from Khosla Ventures, Blackstone, Sequoia Capital, Insight Partners, and others.

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