AI coding startup Cognition reportedly already in talks to raise at $40B valuation

Cognition makes Devin, the first and arguably most successful AI coding agent. But famed coder Wu says it isn't designed to supplant human programmers.

May 29, 2026

ChatGPT creator OpenAI is reportedly in talks to raise a massive tranche of cash led by previous backer Thrive Capital, at a valuation of more than $100 billion. That’s substantially higher than OpenAI’s previous $86 billion valuation, and by far the highest valuation of any AI startup to date. Thrive will reportedly throw in around $1 billion for its part. Microsoft is also expected to participate, according to the WSJ, which has the story. It’s unclear would join the round. Khosla Ventures, I

Aug 28, 2024

Anysphere, the developer of AI-powered coding assistant Cursor, raised $100 million Series B at a post-money valuation of $2.6 billion, according to sources with knowledge of the deal. The round is being led by returning investor Thrive Capital, the person said. This new funding comes just four months after Anysphere raised its $60 million Series A at a $400 million valuation from Thrive and Andreessen Horrowitz. A16Z also participated in the latest round, but didn’t co-lead it this time. Thri

Dec 19, 2024

OpenAI is in talks to raise a new round of funding at an eye-popping $100 billion-plus valuation, sources told The Wall Street Journal this week. It turns out investors have already proven they are willing to value the company that high to get on OpenAI’s coveted cap table. Multiple companies that track or facilitate secondaries deals — where investors buy shares from existing investors, not directly from the company — have seen investors pay prices that indicate an over $100 billion valuation.

Aug 30, 2024