Startups

Cognition AI defies turbulence with a $400M raise at $10.2B valuation

Cognition AI, the startup behind AI coding agent Devin, has hit a $10.2 billion valuation after raising $400 million, marking a jump from the company’s $4 billion valuation earlier this year, reports Bloomberg.  Founders Fund, the Peter Thiel-backed VC, led Cognition’s latest round, with participation from existing investors like Lux Capital, Joe Lonsdale’s 8VC, Elad

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OpenAI hires the team behind Xcode coding assistant Alex Codes

Acqui-hires feel like they’re here to stay: The team behind Alex Codes, a popular tool that lets developers use AI models within Apple’s development suite Xcode, is joining OpenAI. In a post on X, Alex Codes’ founder Daniel Edrisian said the startup’s team is joining OpenAI’s Codex division, which is building the company’s AI coding

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Captions rebrands as Mirage, expands beyond creator tools to AI video research

Captions, an AI-powered video creation and editing app for content creators that has secured over $100 million in venture capital to date at a valuation of $500 million, is rebranding to Mirage, the company announced on Thursday.  The new name reflects the company’s broader ambitions to become an AI research lab focused on multimodal foundational

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Murder at Burning Man turns Silicon Valley’s desert playground into a crime scene

A homicide investigation has rocked the final days of Burning Man after a man was found dead “lying in a pool of blood” Saturday night at the Nevada desert festival, according to the Pershing County Sheriff’s Office. According to the New York Times, the grim discovery occurred around 9:14 p.m. just as the festival’s iconic

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With India’s corporate banking lagging decades behind consumer fintech, TransBnk raises $25M to bridge the gap

While digitization has transformed banking for Indian consumers, corporate banking has been left in the slow lane — still relying heavily on clunky infrastructure, paper trails, and spreadsheet-heavy workflows. TransBnk wants to address that gap, and Bessemer Venture Partners has invested in the three-year-old startup in a $25 million round to accelerate its progress. Over

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