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Cognition, the startup developing coding assistant Devin, announced it raised $2 billion at a $48 billion valuation. The round, which comes just four months after Cognition’s previous fundraise at a $26 billion valuation, was led by Andreessen Horowitz, Accel, Founders Fund, General Catalyst, and Avenir. The startup’s soaring valuation signals that VCs still see room…
In recent days, founders and founders-turned-investors took to X to share horror stories about being mistreated by VCs. Their complaints ranged from VCs falling asleep during pitch meetings to investors suggesting a founder fire a co-founder. Brendan Foody, co-founder of the AI talent platform Mercor, which was last valued at $10 billion, went so far…
Last month, Scott Stevenson, co-founder and CEO of the legal AI startup Spellbook, took to X in an effort to expose what he called a “huge scam” among AI startups: inflation of the revenue figures that they announce publicly. “The reason many AI startups are crushing revenue records is because they are using a dishonest…
Investor interest in AI coding assistants is exploding. Anysphere, the developer of AI-powered coding assistant Cursor, is in talks with venture capitalists to raise capital at a valuation of nearly $10 billion, Bloomberg reported. The round, if it transpires, would come about three months after Anysphere completed its previous fundraise of $100 million at a…
OpenAI is in talks to raise a new round of funding at an eye-popping $100 billion-plus valuation, sources told The Wall Street Journal this week. It turns out investors have already proven they are willing to value the company that high to get on OpenAI’s coveted cap table. Multiple companies that track or facilitate secondaries…
“#Rivian rockets past GM to become 2nd-most-valuable automaker” Rivian Automotive, a company that has delivered about 150 electric pickup trucks mostly to employees, has surpassed General Motors to become the nation’s second most valuable automaker. The California company’s market valuation exceeded Ford’s in its first day as a public company Wednesday. Its shares rose 10%…
“#Volvo reportedly preparing for upcoming $20 billion IPO” The owner of Volvo, China’s Geely Holding, is in advanced discussions with banks to list the automaker in the coming weeks, three sources told Reuters, in what is expected to be one of Europe’s biggest initial public offerings this year. Volvo is aiming for a valuation of about…
“#Rivian reportedly seeks valuation of up to $80B in IPO” Amazon-backed electric vehicle company Rivian is seeking a valuation of around $70-80 billion in its initial public offering, a source familiar with the matter told Reuters on Friday. Rivian confidentially submitted plans to federal regulators for an IPO, the company said in a statement. The company, which aims…
“#Chobani confidentially files for IPO, valuation may exceed $10B” Greek-yogurt maker Chobani could be valued at more than $10 billion in its initial public offering, a person familiar with the matter told Reuters on Wednesday, as the company confidentially filed regulatory paperwork for its stock market listing. The food sector has gained investor attention over the past…
“#Krispy Kreme valued at $2.62B in lukewarm stock market return” Krispy Kreme shares fell 4 percent in a tepid Nasdaq debut Thursday, valuing the maker of the “Original Glazed” doughnut at $2.62 billion in its return to the stock market five years after it was taken private. The stock opened at $16.30, lower than its $17 initial…