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Cognition hits $48B valuation, signaling investors believe AI coding is far from a winner-take-all market

techcrunchindustryStartups
about 5 hours ago▲ 44
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techmeme

Sources: Ramp is in early talks to raise about $1B at a ~$60B valuation, up from $44B in June; Ramp has raised $3B to date (Bloomberg)

industry
about 7 hours ago▲ 24
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techmeme

AI coding startup Cognition raised $2B at a $48B valuation, up from $26B in May, and says its run-rate revenue grew from $492M in May to ~$900M (Samantha Oltman/Bloomberg)

industry
about 8 hours ago▲ 24
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TM
techmeme

Celero, which is developing a chip to enable long-distance connections between AI data centers, raised $275M at a $3B+ valuation (Dina Bass/Bloomberg)

industry
about 11 hours ago▲ 24
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Mistral raises €3B as sovereign AI becomes big business

techcrunchindustryAI
about 12 hours ago▲ 44
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techmeme

Forus, which uses AI to help patients get prescribed drugs more quickly by navigating steps like insurance coverage, raised a $150M Series C at a $3B valuation (Micah Barkley/Bloomberg)

industry
about 14 hours ago▲ 24
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TM
techmeme

Mistral raised a €3B Series D led by Samsung at a €21B valuation, up from €11.7B a year ago, as it expands into data centers beyond developing AI models (Adam Satariano/New York Times)

industry
about 20 hours ago▲ 24
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TM
techmeme

Sources: London-based UForce, which makes unmanned vehicles for air, land, and sea, is seeking about $500M led by Valor Equity at a ~$5B valuation (Bloomberg)

industry
1 day ago▲ 24
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TM
techmeme

Sources: India-based Slice, which has transitioned from a credit card-led fintech to a small finance bank, raised $100M at a ~$450M valuation, down from ~$1.4B (Moneycontrol)

industry
4 days ago▲ 24
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XDOF, just three months out of stealth, is in talks for a Series B at a $1.2B valuation

techcrunchindustryAI
4 days ago▲ 44
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TM
techmeme

Gimlet Labs, which helps customers divide AI tasks across multiple chip types, raised $300M led by a16z at a $3B valuation, six months after an $80M Series A (Dina Bass/Bloomberg)

industry
5 days ago▲ 24
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Crusoe reportedly raises $3B at a $30B valuation

techcrunchindustryAI
5 days ago▲ 44
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techmeme

Sources: Index Ventures dropped plans to invest in AI assistant Town after Instinct, which Index is backing, complained about a potential conflict of interest (Alex Konrad/Upstarts Media)

industry
5 days ago▲ 24
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TM
techmeme

Sources: Crusoe raised $3B+ at a ~$30B post-money valuation; Atreides Management and Valor Equity Partners co-led the round, with Mubadala Capital participating (Bloomberg)

industry
5 days ago▲ 24
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Accel reportedly in talks to lead $1B round for Thinking Machines at $40B valuation

techcrunchindustryAI
5 days ago▲ 44
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techmeme

Sources: Mira Murati's Thinking Machines Lab is in talks to raise $1B+ at a $40B+ pre-money valuation, lower than the $50B+ valuation it sought last year (The Information)

industry
5 days ago▲ 24
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TM
techmeme

India-based smart ring maker Ultrahuman raised $70M, including $5M in debt, a source says at a $365M valuation, and is working with Qualcomm on a new ring (Jagmeet Singh/TechCrunch)

industry
5 days ago▲ 24
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TM
techmeme

Upwind, which filters false security alerts in cloud apps so companies can focus on actual risks, raised $300M at a $3.8B valuation, up from $1.5B in January (Meir Orbach/CTech)

industry
5 days ago▲ 24
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