Cognition's valuation leapt from $26B to $48B in four months on a $2B Series E, yet its revenue multiple stayed pinned near 53x. Here's what that flat number reveals about the AI-coding boom.
Andreessen Horowitz just closed a $1.1B 'Machine Age' fund for chips, power, cooling and robots. The VC that said software eats the world is now betting on the hardware underneath it.
Cognition, the maker of the Devin coding agent, is in talks to raise at a $40 billion valuation just 90 days after a $26 billion round — as its annual revenue run rate nears $1 billion.
Etched raised $300M at a $10.3B valuation for Sohu, a chip that runs transformers and nothing else — a pure bet that the architecture is done changing.
Enigma exited stealth with a $71 million seed - one of robotics' largest first checks - on a contrarian bet: the bottleneck isn't smarter robots, it's making them usable.
Spur Intelligence bootstrapped for nine years mapping the internet's shadow traffic. Now Insight Partners has handed the roughly 40-person bot-detection shop $200 million — as bots quietly overtake humans online.
Travis Kalanick's new company Atoms just raised $1.7 billion in an a16z-led round for industrial AI — and Uber, the company that fired him in 2017, is one of the backers.
Munich's Helsing just raised $1.8 billion at an $18 billion valuation — Europe's biggest defense-tech round ever, chaired by Spotify's Daniel Ek.
London's Humanoid raised a $152M Series A at a $1.35B valuation to become Europe's first pure-play humanoid robot unicorn — two years old, and not a single robot shipped.
