{
  "id": 11044877,
  "title": "Factory CEO Matan Grinberg alleges Cognition's new CRO Chris Degnan had been confiding with Cognition executives while advising Factory as a board observer (Rya Jetha/Business Insider)",
  "url": "https://urgent.news/2026/09/30/factory-ceo-matan-grinberg-alleges-cognitions-new-cro-chris-degnan",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-09-30T22:05:00.000Z",
  "source": {
    "name": "Techmeme",
    "slug": "techmeme",
    "url": "https://www.businessinsider.com/ai-coding-rivals-factory-and-cognition-feud-over-top-hire-2026-9"
  },
  "original_language": "en",
  "account": null,
  "summary": "Factory CEO Matan Grinberg has publicly accused Chris Degnan, the new Chief Revenue Officer of Cognition, of sharing confidential information with Cognition executives while serving as a board observer for Factory. According to Grinberg, this led to Degnan's dismissal from his role as a board advisor.\n\nDegnan joined Cognition shortly after being let go from Factory, announcing his new position on social media. Prior to joining Cognition, Degnan had worked as a partner with RPT Partners, an investor in Factory, and had also served as a go-to-market advisor to startups for Iconiq.\n\nFactory and Cognition are competitors in the AI coding startup space, with Factory recently raising $200 million at a $5 billion valuation and Cognition raising $2 billion at a $48 billion valuation. Factory's AI agents can carry out programming tasks largely on their own, and its customers include Nvidia, Blackstone, and Adobe.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "TechCrunch",
        "title": "Factory CEO just accused his VC board advisor of spying for Cognition",
        "url": "https://urgent.news/2026/09/30/factory-ceo-just-accused-his-vc-board-advisor-of-spying-for-cognition",
        "published": "2026-09-30T20:39:09.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}