Factory accuses ex-board advisor of sharing secrets with Cognition
Factory CEO Matan Grinberg claims he fired board advisor Chris Degnan for allegedly sharing confidential information with rival AI startup Cognition while still advising Factory. Degnan, who has joined Cognition as chief revenue officer, denies the allegations and says he resigned before taking the new role. Both companies, which develop AI coding agents, are major competitors in the fast-growing market.
- Factory CEO alleges board advisor gave secrets to Cognition
- Chris Degnan appointed chief revenue officer at Cognition
- Degnan denies sharing confidential information or being fired
- Both companies develop AI agents for software engineering
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