AI coding startup Cognition reportedly already in talks to raise at $40B valuation
Cognition may be looking to raise another mega round just a few months after raising $1 billion at a $26 billion valuation.
Fundraising
OpenAI-backed Thrive Holdings raises $2B to bring AI to the enterprise
Thrive Holdings has raised $2 billion in new funding at a $12 billion valuation from investors like SoftBank, D1 Capital Partners, and Alitmeter Capital.
Form Energy raises $750M to build more 100-hour batteries for the grid
Form Energy has landed Google and Crusoe as customers. Now, it has raised $750 million to expand manufacturing to deliver its massive, 100-hour batteries.
Lovable confirms new $13.3B valuation, raises another $400M
This new funding comes after Lovable hit $500 million in annualized run rate revenue in June, the startup told TechCrunch.
OpenAI reportedly completed a $7 billion employee tender offer
San Francisco’s housing market is in trouble again.
Discovered Materials is playing AI whack-a-mole to hunt cooler chips
Discovered Materials raised $9 million to fund the hunt for more novel materials to build more efficient chips.
Embattled hedge fund Situational Awareness invests $400M in chip startup Source Foundry
The AI-focused hedge fund is still making some big bets.
Defense tech Hadrian raises $1.37B at $8B valuation
Hadrian is building automated factories to mass-produce parts for defense vehicles like submarines. It’s backed by a long list of well-known investors.
Naïve raises $28.5M to automate the grunt work of setting up and running a company
Taking vibe-coding a step further, Naïve claims its infra can automate most of the work in setting up and running a business.
Ex-Spotify employees raise $10M to bring the AI behind its recommendations to e-commerce
The startup’s platform predicts what product a shopper wants next, learn their general taste, and fine-tune continuously based on what they do in real time.