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Tuesday, 8 September 2026

AI coding startup Cognition raises $2B at $48B valuation as revenue nears $900M

SiliconANGLE 2 days ago 48 4 sources

Cognition AI raised more than $2 billion in late-stage funding at a $48 billion valuation. Revenue run-rate has moved from about $492 million at its May round to close to $900 million now. The company expands its agent-coding platform and investor base, including new Series E leads Andreessen Horowitz and Accel, while existing backers returned.

Anthropic promised 20x more usage. Then developers hit a weekly ceiling.

The New Stack 2 days ago 23 2 sources

Anthropic is facing a class-action lawsuit over Claude Max subscription claims that promise 20x more usage than its Pro plan but still impose a separate weekly usage ceiling that developers hit. The complaint says weekly limits were introduced in late July 2025, after Max launched in April, while Anthropic continued marketing the 5x/20x multipliers. If the plaintiffs win, AI providers may have to disclose usage-reset timing and other restrictions more clearly before customers subscribe.

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

TechCrunch 2 days ago 48 4 sources

Cognition raised $2 billion in funding for its coding assistant Devin at a $48 billion valuation. The company said its annualized revenue run-rate grew from $492 million to $900 million since its May round at a $26 billion valuation. Investors’ backing and the new funding should let Cognition expand and train its own model to reduce reliance on costly third-party AI models and target breakeven.

Pony.ai’s CEO thinks robotaxis will be widespread within five years: ‘The technology problem is pretty much already solved’

Fortune 27

Pony.ai CEO James Peng said robotaxis will become widespread within five years, with the technical hurdles largely solved. Pony.ai averages about 25 rides per day per vehicle. As a result, he expects cities to change through reduced parking needs and different passenger behaviors, alongside ongoing expansion via partnerships.

Mistral raises €3B as sovereign AI becomes big business

TechCrunch 2 days ago 11 9 sources

Mistral AI raised €3 billion in a Series D round to support its sovereign AI strategy. The round valued the company at more than €21 billion post-money and was led by Samsung Electronics. Mistral plans to expand compute capacity and infrastructure in Europe, grow commercial and international operations, and further emphasize customer control over where and how AI queries are processed.

Exclusive: AI startup Sapien raises at $180M valuation to help companies find what’s really driving profit

Fortune 11

Sapien raised a funding round led by Neo’s Ali Partovi at a $180 million valuation to expand its AI system for linking financial results to operational decisions. In a Carlex case study, Sapien reworked profitability analysis that had credited $10 million in positive EBITDA and found it was actually a $2 million drag, taking about 20 minutes. Customers are expanding the platform beyond FP&A into areas like pricing, inventory, orders, quoting, and supply chain operations, accelerating investigation from hours or days to minutes.

Green Eagle Solutions lands Copilot Capital backing to take renewable energy ‘autopilot’ global

Tech.eu 2 days ago 50

Green Eagle Solutions received majority investment from Copilot Capital to scale its automation software for renewable energy operations. Green Eagle’s ARSOS Automation Suite currently manages 90 GW of wind, solar, BESS, and hydro assets and runs more than 1 million automated actions each month. The funding is expected to accelerate international growth, especially into the US, and expand the company’s operational and go-to-market capabilities.

After nine years as HashiCorp CEO, Dave McJannet now wants to “unblock” enterprise AI agents

The New Stack 2 days ago 44

Dome Systems, founded by former HashiCorp CEO Dave McJannet, is building an enterprise platform to govern AI agents that can take variable tool-based routes and actions. Dome launched from stealth in April with $14 million in seed funding and is now opening the platform to self-serve users. This shifts agent governance from enterprises piecing together separate model/tool gateways to a single control layer with centralized permissions, response guards, quotas, and audit trails.

Lightsage gets $4M in funding to help software makers sell directly to autonomous AI agents

SiliconANGLE 2 days ago 35 2 sources

Lightsage, an API-Rex startup that helps software firms sell to autonomous AI agents, announced it raised seed funding to support “agent-led growth.” The round totals $4 million, led by Nexus Venture Partners. The company will expand its commercial and engineering teams and build more analytics, attribution, evaluation, and optimization to help vendors target AI agents instead of human buyers.

Welcome Alex Kurland, Menlo’s Newest Partner

Menlo Ventures 2 days ago 12

Menlo Ventures announced the hiring of Alex Kurland as a Partner on its Inflection team. The firm says it will be using $3 billion of new capital announced in June to back AI companies across stages. With Kurland joining, Menlo says it will more strongly pursue growth-stage AI investments across the full company lifecycle.

Taiwan leans on chip diplomacy as the US pushes for more factories on American soil

finance.yahoo.com 3 days ago 7

Taiwan highlighted its semiconductor role for AI at SEMICON Taiwan while signaling it will expand chip investment with partners amid US pressure to move more manufacturing to the United States. TSMC is investing $265 billion in Arizona, and Taiwan’s economy minister said Taiwanese firms plan an additional $20 billion of investment in the US. As a result, Taiwanese chipmakers are shifting toward making “with Taiwan” in partner countries and deepening ties with the EU to attract more investment through the bloc’s Chips Act 2.0.

Samsung leads Mistral’s €3B round, pushing Europe’s AI champion to a €21B valuation

Tech Funding News 3 days ago 22 9 sources

Mistral raised €3 billion in a Series D round led by Samsung, taking its valuation to over €21 billion. The round lifts Mistral’s valuation to almost double its previous Series C valuation. As a result, Samsung and other backers become both suppliers and shareholders while Mistral expands research, training capacity, and international growth.

Virgin StartUp: “It’s time to ‘fix the front door’ to entrepreneurship”

Startups Magazine 25

Virgin StartUp urged Westminster ministers to widen access to entrepreneurship after its Founder Barometer found unequal support and growing stress for founders in the UK. Two thirds (67%) of lower socio-economic background founders said they feel unsupported by the government. The report’s findings are prompting calls to change government priorities around access to finance, networks, practical support, and founder wellbeing, alongside higher AI use across SMEs.

“We have a chance to build Britain’s first one trillion dollar company,” says executive at top UK chip startup

Tech.eu 3 days ago 29

Carmen Alfonso Rico joined UK AI chip startup Fractile as VP of business operations and said it could become Britain’s first one trillion dollar company. Fractile is raising $600m at a $5.6bn valuation, according to Bloomberg. The company is positioning itself to compete with Nvidia in AI inference hardware, with specialized chips targeted for data centre deployment in 2027.

A neuroscientist who studied memory decay just raised €1.2M to stop AI from hallucinating in biopharma

Tech Funding News 3 days ago 9 2 sources

sci2sci, a Berlin startup led by neuroscientist Angelina Lesnikova, raised €1.2 million in pre-seed funding to trace AI-generated biopharma claims back to their sources. The round closed shortly after OpenAI reported a model accessed Hugging Face production systems in July. The company will expand its engineering team and adapt Integrity Cortex for use in banking compliance, moving from biopharma documentation toward wider regulated sectors.

sci2sci raises €1.2M to build trusted AI infrastructure for regulated industries

Tech.eu 3 days ago 26 2 sources

sci2sci raised €1.2 million in pre-seed funding to expand Integrity Cortex and VectorCat for organising and verifying data in regulated industries. The funding round is €1.2 million. It will expand the engineering team, deepen deployments, and extend the Integrity Cortex product beyond biopharma to other regulated sectors such as banking, focusing on traceability and auditable evidence for AI outputs.

Mistral secures €3B Series D to push sovereign AI into its next phase

Tech.eu 3 days ago 33 9 sources

Mistral raised a €3B Series D funding round led by Samsung Electronics to develop its sovereign AI models, infrastructure, and business products. The round valued the company at more than €21B post-money. The funding will expand Mistral’s AI research and computing capacity and drive growth in its infrastructure, products, and commercial and international expansion.

Veridue secures $4M pre-seed to streamline energy infrastructure due diligence

Tech.eu 3 days ago 43 2 sources

Veridue raised $4 million in pre-seed funding to expand its due diligence and M&A platform for renewable energy and data centre deals. The round was led by Episode 1 Ventures. The company will roll out its AI-powered platform to automate transaction workflows and speed up parts of the diligence process from weeks to hours.

Mistral Raises €3 Billion at a €21 Billion Valuation After Strategic Pivot to Neocloud

Trending Topics 3 days ago 41 9 sources

Mistral AI announced a €3 billion Series D funding round at a post-money valuation of over €21 billion led by Samsung Electronics. The company plans to use the capital to expand its compute capacity for training larger models and to support international growth. The funding underwrites its shift from a pure model maker into a European neocloud with tools like regional processing and pre-financed data-center build-out.

BioInnovation Institute allocates €7.8M to help six companies bring technologies to market

Tech.eu 3 days ago 39

BioInnovation Institute awarded €7.8 million in additional funding to six companies to advance their technologies toward commercialisation. Each company receives €1.3 million, bringing its total BII support to €1.8 million (after an earlier €500,000). The grants keep the companies using BII’s Copenhagen innovation platform and are intended to help them attract external capital and move closer to market.

This ex-McKinsey dealmaker just raised $4M to kill 10-week energy M&A slog

Tech Funding News 3 days ago 25 2 sources

Veridue raised a $4 million pre-seed round to shorten renewable energy and data-centre deal due diligence using an AI platform instead of weeks of manual assessment. The platform targets reducing typical 4-to-10-week evaluations to just a few hours by combining large language models with a deterministic agent layer. This funding lets Veridue expand its due-diligence and M&A workflow for developers and investors, while competitor activity suggests more AI tooling is moving into energy deal support.

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