negativeSYS.SOURCE: TechCrunch• 2026-09-30T20:39:09Z

Factory CEO Accuses VC Advisor of Corporate Espionage for Cognition Competitor

#ai #startups #venture-capital #competition #corporate-espionage

Factory CEO Matan Grinberg accused VC board advisor Chris Degnan of sharing confidential information with competitor Cognition, leading to Degnan's dismissal. Degnan denied the allegations, claimed he resigned to join Cognition, and highlighted his previous roles, while venture firms like Khosla Ventures are involved in both companies.

VC Chris Degnan and former board advisor to Factory AI has taken a job as chief revenue officer for Cognition.

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