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Cognition hires Factory AI’s terminated advisor as chief revenue officer

Cognition hired Chris Degnan as chief revenue officer just after Factory AI said it terminated him over alleged unethical conduct involving Cognition. The timing turned a senior sales hire into a public conflict over whether Degnan’s role as a Factory advisor created a conflict.

Factory CEO Matan Grinberg alleged Cognition personnel staged interviews to obtain product information. Cognition CEO Scott Wu denied the allegations and said Degnan never shared Factory information. Degnan previously helped build Snowflake’s sales organization, which drove more than $3 billion in annual recurring revenue.

Timeline3
16h

Factory AI CEO Matan Grinberg announced that the company was terminating Chris Degnan and accused him of unethical conduct involving Cognition.

15h

Cognition announced Degnan as its chief revenue officer, citing his role in building Snowflake's sales organization.

15h

Cognition CEO Scott Wu denied Factory's allegations and said Degnan had not shared Factory information with Cognition.

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