Cognition hits $48B valuation, signaling investors believe AI coding is far from a winner-take-all market
Cognition’s valuation multiple is higher than Cursor’s was before selling to SpaceX.
coding assistants
Milestone raises $10M to make sure AI rhymes with ROI
Israeli startup Milestone raised a $10 million seed funding round to correlate AI tool usage with engineering metrics, including code quality.
OpenAI hires the team behind Xcode coding assistant Alex
The team behind Alex, which built a popular tool that let devs use AI models within Apple’s development suite Xcode, is joining OpenAI.
High costs and thin margins threatening AI coding startups
Coding assistant startups are highly unprofitable, says a source familiar with Windsurf financials.