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AI & Enterprise

AI coding startup Cognition raises more than $2 billion, valued at $48 billion

AI coding agent startup Cognition has raised more than $2 billion in a Series E funding round that values the company at $48 billion. SiliconANGLE reported the valuation nearly doubled from the previous round, with annualised revenue close to $900 million. Cognition raised $1 billion in May at a $26 billion valuation. The company develops an AI agent that handles the full software engineering process.

AI & Enterprise

Mistral raises 3 billion euros led by Samsung Electronics

French AI company Mistral said on Tuesday it raised 3 billion euros in a Series D funding round led by Samsung Electronics. The investment valued Mistral at more than 21 billion euros. EQT’s Scaleup Europe Fund and existing investor PSG Equity joined as co-lead investors. Advent, BlackRock-managed funds and accounts, and the Grand Duchy of Luxembourg joined as new investors. Mistral plans to use the funds for AI R&D, computing infrastructure, product development and global expansion.

AI & Enterprise

Hypersonic missile startup Castelion raises $800 million in Series C funding

Castelion, a hypersonic missile developer headquartered in Torrance, California, raised $800 million in a Series C funding round, Axios reported on Aug. 20 local time. The round valued the company at $13 billion. JPMorgan Strategic Investments Group, Andreessen Horowitz and Carlyle led the investment, with Lightspeed, Lavrock Ventures, Altimeter, General Catalyst, Interlagos and T. Rowe Price also participating.