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 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 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 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.
Tellia raised a $5m pre-seed round to support its AI voice layer for farmers that converts phone calls and voice notes into structured, queryable records.
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.
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 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.
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, 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.
Tom Noble built his business ventures by publicly documenting them and asking followers for feedback across social media, after an AI-assisted website era made attention the main bottleneck.
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.
Mistral raised €3B in a tech equity round at a valuation above €21B. The round values the company at over €21B. It signals a shift toward Mistral seeking more control of Europe’s AI infrastructure.
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.
Anthropic walked away from its plan to acquire Decart. The reported deal size was roughly $6 billion. As a result, the acquisition does not proceed, though the two companies may still work together.
OpenAI opened applications for a $5 million grant program for independent research on how generative AI affects teen development, well-being, and safety.
The funding pool is $5 million.
Researchers can apply now to shape future studies and guidance on teen safety related to generative AI.
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 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.
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.
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 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 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 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 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.
Outline raised $3M to build an AI agent for CFOs to replace Excel-style forecasting. The startup has 10 paying customers, with 10 more expected in September. Funding and customer growth are likely to accelerate its launch toward broader CFO adoption.
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.
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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