Search results for General Catalyst
AI & Enterprise
Startups race to build in-house AI models as fintech joins in
Startups are accelerating efforts to develop their own AI models rather than rely on those from OpenAI and Anthropic, driven by cost pressures, a desire to cut dependence and a push for greater control. Legal AI startup Harvey launched an in-house model based on Moonshot AI’s open-weight Kimi K3 after its gross margin turned sharply negative. Healthcare, customer support, fintech, coding and design startups are also building or considering custom models.
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.
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AI & Enterprise
Hypersonic missile startup Castelion raises $800 million in Series C funding
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AI & Enterprise
Nvidia weighs investment in Mercury at $20 billion valuation
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AI & Enterprise
AI coding startup Cognition raises over $1 billion at $25 billion valuation, ARR nears $492 million
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AI & Enterprise
Reka AI seeks to expand world model and robotics business with Moonvalley acquisition
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AI & Enterprise
AI computing power shortage deepens, squeezing AI startups
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AI & Enterprise
Autoscience raises $14 million seed round to develop AI models with AI
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AI & Enterprise
Standard Kernel raises $20 million seed to automatically optimise GPU performance with AI