
Cohere and Cognition Megarounds Push Weekly Total Past $1.5B
Massive nine-figure rounds for foundational model maker Cohere and coding assistant Cognition dominated the week, underscoring continued investor conviction in core AI infrastructure and developer tools. While these two sectors captured the lion's share of capital, a high volume of deals across diverse application areas signals broad, ongoing investment in AI's vertical integration.
Total capital raised: ~$1.54 Billion
Number of deals: 40
Largest round(s):
Cohere (Foundational Models): $500M
Cognition (AI Developer Tools): ~$500M
Top 3 most-funded sectors:
AI Infrastructure & Foundational Models: $563.8M
AI Developer Tools & Platforms: $542.2M
Specialised AI Niches: $136.8M
AI Funding Rounds
AI Infrastructure & Foundational Models
Protege, a platform for the secure exchange of proprietary data for AI training, raised a $25 million Series A round led by Footwork, with CRV, Bloomberg Beta, Flex Capital, Shaper Capital, Liquid 2 Ventures, and others also participating. PR Newswire
Tahoe Therapeutics, a Palo Alto-based company building foundational datasets for training virtual cell models for drug discovery, raised $30 million in a new funding round led by Amplify Partners, with Databricks Ventures, Wing Venture Capital, General Catalyst, Civilization Ventures, Conviction, Mubadala Capital Ventures, and AIX Ventures also participating. Business Wire
Syenta, a five-year-old semiconductor technology startup developing a new chip packaging process for AI, raised an $8.8 million pre-Series A round led by Investible, with Blackbird Ventures, Jelix Ventures, Brindabella Capital, In-Q-Tel, SGInnovate, OIF, Salus, and Wollemi Capital Group also participating. Hiverlab
Cohere, a leading developer of enterprise-focused large language models, raised an oversubscribed $500M round at a $6.8B valuation. Led by Radical Ventures and Inovia Capital, with participation from strategic backers AMD, Nvidia, and Salesforce, the funding will strengthen Cohere's position as a secure, enterprise-grade alternative to OpenAI and Anthropic. TechCrunch
Rivos, an AI chip startup developing RISC-V-based processors to rival Nvidia, is reportedly seeking to raise up to $500M at a $2B valuation. The potential funding follows a $250M round in April 2024 and would accelerate the production of its AI inferencing chip, with a target release as early as 2026. DatacenterDynamics
Lambda, a cloud infrastructure firm backed by Nvidia, is in talks for a new funding round that could value the company at $4 billion to $5 billion. The financing would follow a $480 million Series D in February and support the expansion of its cloud platform, potentially ahead of an IPO as soon as the end of the year. Bloomberg
AI Developer Tools & Platforms
Mako, an intelligent GPU optimization platform that uses AI for automated code generation, raised an $8.5 million seed round led by M13, with Neo, Flybridge, K5 Global, and Irregular Expressions also participating. Mako
Datumo, a 7-year-old, Seoul-based AI data labelling and model evaluation company, raised $15.5 million in a new funding round with participation from Salesforce Ventures, KB Investment, ACVC Partners, and SBI Investment. TechCrunch
Create, the company behind the AI-powered app builder "Anything," secured a $5.5M round led by Bessemer Venture Partners, bringing its total funding to $8.5M. The platform enables users to build and publish full-stack mobile and web applications from a text description, aiming to eliminate technical barriers for app creation and monetisation. Tech Funding News
Archestra, a London-based startup, raised a $3.3M Pre-Seed round to build an open-source security platform for enterprise AI agents. The funding will help develop security-first guardrails that allow AI agents to safely connect to sensitive internal systems like CRMs and HR platforms, addressing a key barrier to enterprise adoption. Tech.eu
Cognition, the AI coding startup, has secured nearly $500 million in a new financing round led by Peter Thiel's Founders Fund. The deal brings the company's valuation to $9.8 billion, more than double its valuation from earlier in the year, as it advances its AI code-generation business. The Wall Street Journal
Perplexity, the AI search engine, is raising a new funding round at a $20 billion valuation. The raise follows a recent valuation of $18 billion and comes as the company reports its annual recurring revenue is on track to surpass $150 million by mid-2025, signalling surging growth and intense investor interest in its conversational search product. Business Insider Africa
Vibecode, a startup that enables users to create mobile apps on their phone using plain language prompts, raised $9.4 million from Alexis Ohanian's 776 fund. The investment targets the "democratisation of coding" and the growing "apps as content" trend, allowing non-technical users to build and deploy their own applications. Business Insider Africa
Enterprise AI Solutions
Squint, a four-year-old company using AI and AR to capture and document knowledge from experienced factory operators, raised a $40 million Series B round led by The Westly Group and TCV, with Sequoia Capital and Menlo Ventures also participating. Yahoo Finance
Thread, a New York-based, AI-powered service desk vendor for Managed Service Providers (MSPs), raised $8 million funding round led by Integr8d Capital and channel veteran David Bellini, with Headline, Adam Slutskin, Vince Kent, and leading MSPs also participating. CRN
Dealops, a modern revenue platform using AI to help sales teams with pricing and quoting, raised a $7 million fundraise led by Pear VC and General Catalyst, with Depth VC, Elsa Ventures, Weekend Fund, Flex Capital, Allison Pickens, 20Sales, and leaders from OpenAI, Anthropic, Stripe, and Salesforce also participating. Yahoo Finance
Refold AI, a Bengaluru- and San Mateo-based startup using AI agents to replace enterprise system integrators, raised $6.5 million in pre-seed and seed funding, with the seed round led by Eniac, Tidal, Ahead, and Karman. Tech Funding News
Topline Pro, an AI-powered platform that automates marketing, sales, and operations for local home service businesses, announced $27M in Series B funding led by Northzone. The capital will be used to enhance its "done for you" agentic AI, which manages websites, social media, and customer communication for pros in trades like plumbing and roofing. PR Newswire
Sola Solutions, an agentic AI platform for enterprise process automation, raised a $17.5M Series A led by Andreessen Horowitz. The company's no-code, visual platform allows non-technical users to build and deploy AI agents that learn and self-optimize complex workflows, moving beyond traditional rules-based automation. SiliconANGLE
AI for Legal, Finance, and Professional Services
Certivity, a Munich-based RegTech software solutions provider, raised a €13.3 million Series A round led by Almaz Capital and UVC Partners, with Earlybird X, High-Tech Gründerfonds (HTGF), and Plug and Play also participating. The SaaS News
Laurel, a San Francisco-based AI-powered time intelligence platform for professional services firms, received an undisclosed investment from Workday Ventures. FinSMEs
Drivepoint, an AI-powered strategic finance platform for retail and consumer brands, added $9M in new funding, including a $7M Series A led by Vocap Partners. The investment, which includes participation from the founders of Allbirds, Harry's, and Warby Parker, will accelerate the platform's ability to provide AI-native forecasting and planning tools to brands. citybiz
Infinity Loop, an AI-native contract intelligence platform, raised a $5M Seed round co-led by Glasswing Ventures and TIAA Ventures. The platform helps enterprises save millions on vendor contracts by using AI to analyze terms, benchmark deals, and recommend negotiation strategies, driving an average of 12%+ in annual savings for customers. GlobeNewswire
Healthcare & Life Sciences AI
Arintra, a GenAI-native autonomous medical coding platform for healthcare providers, raised a $21 million Series A round led by Peak XV Partners, with Endeavor Health Ventures, Y Combinator, Counterpart Ventures, Spider Capital, and Ten13 also participating. Morningstar
Citizen Health raised $14.5M in Seed funding led by Transformation Capital to build its AI-powered consumer health platform. Bolstered by a partnership with the Chan Zuckerberg Initiative (CZI), the funding will accelerate the development of a platform that gives patients personalised health insights while providing researchers with critical data to shorten drug development timelines. Feed The AI
Isaac Health, a platform for brain health and dementia care, secured $10.5 million in a Series A round led by Flare Capital Partners, bringing its total funding to $16.3 million. The capital will be used to expand its virtual care infrastructure and AI-enabled tools for screening, assessment, and care management for patients nationwide. Mobi Health News
Better Medicine, an Estonian medical AI startup, raised $1.2 million in a Pre-Seed round led by Soulmates Ventures. The funding will drive the European rollout of its CE-certified tool that helps radiologists detect kidney cancer in CT scans, aiming to reduce diagnostic delays and alleviate workforce shortages. Tech.eu
FinTech AI
Confido, a New York-based AI financial operating system for consumer brands, raised $15 million in Series A funding led by Footwork, with Watchfire Ventures, Barrel Ventures, Liquid 2, Boulder Food Groups, and Y Combinator also participating. Confido
USD.AI, a stablecoin protocol that provides credit to AI companies, raised $13 million in a Series A led by Framework Ventures. The platform issues loans to emerging AI firms using GPU hardware as collateral, aiming to democratize access to capital for smaller companies in the capital-intensive AI sector. CoinDesk
Creative, Media & E-commerce AI
Profound, a nearly one-year-old, New York-based startup helping brands stay visible in AI-generated search results, raised $35 million in Series B funding. Sequoia Capital led the round, with participation from Kleiner Perkins, Khosla Ventures, Saga VC, and South Park Commons. Fortune
Evertune, a Generative Engine Optimization (GEO) and AI marketing platform, raised a $15 million Series A round led by Felicis Ventures, with strategic angel investors and returning investors Eniac Ventures and NextView Ventures also participating. Yahoo Finance
Cuttable, a Melbourne, Australia-based AI creative agency, raised AUD 4.5million($2.9 million) in seed funding. Square Peg led the round and was joined by Rampersand and Brand Fund. Capital Brief
2nd Set AI, a one-year-old company providing AI solutions for enterprises to generate images and video while protecting IP, raised an undisclosed pre-seed round led by Cortical Ventures, with Firsthand.vc and Company Ventures also participating. PR Newswire
Studio Atelico, a game studio founded by veterans from Uber, Meta, and SEGA, closed a $5M seed round led by Air Street Capital. The company is building AI-first gaming experiences and a proprietary engine to create new gameplay genres, pushing the boundaries of conventional gaming with generative AI. citybiz
OpenArt, a startup founded by two former Google employees, raised $5 million from investors including Basis Set Ventures and DCM Ventures. The company's "one-click story" feature, which turns text prompts into short animated videos, has attracted 6 million monthly active users and is on track to surpass a $20 million annual revenue run rate. Benzinga
Robotics & Physical AI
Softwear Automation, an Atlanta-based robotics company with autonomous sewing technology, raised a $20 million Series B1 round led by a strategic investment from BESTSELLER, with CTW Venture Partners, SRI Capital, and MacDonald Ventures also participating. Yahoo Finance
Specialised AI Niches
BinSentry (AgTech), a company using AI-powered sensors to optimize animal feed supply chains, raised a $50 million Series C round led by Lead Edge Capital. Business Wire
GoodShip (Logistics), a three-year-old, Bellevue-based freight management platform using AI, raised a $25 million Series B round led by Greenfield Partners, with Bessemer Venture Partners, Ironspring Ventures, Chicago Ventures, and FUSE VC also participating. Business Insider
Continua (Consumer), a company using AI agents to enhance interaction in group chats on SMS, iMessage, and Discord, raised an $8 million seed round led by GV, with Bessemer Ventures Partners and angel investors also participating. TechCrunch
EDGX (SpaceTech), a Belgian spacetech startup building AI-powered edge computers for satellites, raised a €2.3 million seed round co-led by the imec.istart future fund and the Flanders Future Tech Fund. PR Newswire
Edumentors (EdTech), a British online tutoring platform building an AI tutor, raised €1.7 million in seed investment led by Magna Investments, with angel investors also participating. EU-Startups
Plancraft, a Hamburg-based SaaS company building AI and voice-first software for the European construction industry, raised a €38M Series B led by Headline. The funding will be used to develop AI agents that can handle administrative tasks for tradespeople, addressing a critical workforce shortage and digitizing a historically underserved sector. Tech.eu
Palabra AI, a startup developing an AI-powered speech translation engine, raised an $8.4M pre-seed round led by Reddit co-founder Alexis Ohanian's firm, Seven Seven Six. The company is focused on creating a low-latency (under 800ms) translation experience that feels real-time and sounds human, targeting both consumer and enterprise applications. TechCrunch
AI Mergers & Acquisitions
Anthropic acquired the co-founders and most of the team behind Humanloop, a platform for prompt management and LLM evaluation, in an acqui-hire. The deal's terms were not shared, but the move is intended to strengthen Anthropic's enterprise strategy by bringing in experienced AI tooling and evaluation talent. TechCrunch
AI search engine Perplexity made an unsolicited $34.5 billion cash offer to acquire Google's Chrome browser. The bid comes after a US Department of Justice antitrust ruling proposed that Google be forced to sell Chrome, creating a potential opening for a new owner. Perplexity stated that several investors have agreed to back the deal. CNBC
Cognition, the $4 billion AI coding company, acquired rival startup Windsurf. The deal brings Windsurf's 200 employees under Cognition's "extreme performance" culture, offering them a choice between an intense six-day, 80-hour work week or a nine-month severance package. The acquisition follows collapsed talks for OpenAI to acquire Windsurf for $3 billion. Benzinga
Agentic AI company Landbase acquired Adauris, a startup specializing in creating custom intent signals through AI-driven content generation. The acquisition accelerates Landbase's expansion into AI-native inbound marketing, strengthening its platform that unifies both outbound and inbound automation for go-to-market teams. insideAI News
AI Funds & Capital Pools
Rebecca Lynn is spinning out of Canvas Ventures to launch Canvas Prime, a new solo GP firm. The firm will concentrate on Lynn's areas of expertise: fintech, digital health, and AI, with a strategy of taking concentrated, high-ownership stakes in 12-15 companies per year. Fortune
Igor Babuschkin, co-founder of xAI, departed the company to launch his own venture capital firm, Babuschkin Ventures. The new firm will focus on supporting AI safety research and backing startups that "advance humanity and unlock the mysteries of our universe." TechCrunch
Sorenson Capital closed its $150 million Ventures Fund III in June 2025. The fund will continue the firm's strategy of leading seed and Series A investments in early-stage B2B software, cybersecurity, and infrastructure companies, including AI-focused startups like its recent investment in AI healthcare platform Jump. TechBuzz News
Situational Awareness, a new hedge fund founded by 23-year-old former OpenAI researcher Leopold Aschenbrenner, is now managing $1.5 billion in assets. Backed by investors including the Collison brothers (Stripe), Nat Friedman (former GitHub CEO), and Daniel Gross (Safe Superintelligence Inc.), the fund bets on global stocks poised to benefit from the AI build-out, including chip, data center, and power companies, delivering a 47% return in the first half of 2025. PYMNTS
Corporate & National AI Initiatives
Nvidia unveiled a new suite of AI models and infrastructure for robotics and physical AI. The announcements, made at the SIGGRAPH conference, include Cosmos Reason, a 7-billion-parameter vision language model for robots, new neural reconstruction libraries, and new servers for robotics development. TechCrunch
General Catalyst is leading a $74 million investment in Titan, a holding company aiming to infuse AI into IT services. The investment is part of General Catalyst's broader "AI-enabled roll-up" strategy, backed by its $1.5 billion Creation fund, which aims to acquire and retrofit traditional services businesses with AI to improve productivity and profitability. The Wall Street Journal
Indonesia's government has proposed the creation of a "sovereign AI fund" to finance its ambition to become a regional hub for AI. A government white paper suggests the fund, planned for a 2027-2029 timeline, would be managed by the country's new sovereign wealth fund to attract investment and drive development. Reuters
The U.S. National Science Foundation (NSF) and NVIDIA announced a public-private partnership to invest a combined $152 million into the Allen Institute for AI (Ai2). The project will create a fully open suite of advanced, multimodal AI models trained on scientific data, aiming to accelerate U.S. scientific discovery and ensure the nation's leadership in open-source AI research. NSF.gov
Google is investing an additional $9 billion in Oklahoma over the next two years to expand its cloud and AI infrastructure, including a new data center campus. The investment is part of a broader national push to build an AI-ready workforce, with funding for local electrical training programs and AI skills courses at state universities. Google The Keyword
Oracle and Alphabet's Google Cloud unit have struck a deal to offer Google's Gemini AI models through Oracle's cloud services and business applications. The partnership focuses on distribution, allowing Oracle customers to access and pay for Gemini models via Oracle's platform, advancing Oracle's strategy of offering a menu of AI options and expanding Google's enterprise reach against rivals like Microsoft. Reuters
The U.S. government is accelerating its adoption of AI through partnerships with OpenAI, Anthropic, and Google, offering federal workers access to enterprise-grade tools for a nominal fee. However, a planned deal with Elon Musk's xAI was abruptly cancelled after its Grok chatbot generated antisemitic content, highlighting the challenges of rapid, high-stakes government tech procurement under the Trump administration's AI Action Plan. WIRED
OpenAI's rollout of GPT-5, while seen as underwhelming for consumers, is rapidly gaining traction in the enterprise market. Developer platforms like Cursor, Vercel, and Factory are making GPT-5 a default for its superior performance in coding and complex reasoning. The move signals OpenAI's strategic shift to capture the enterprise market, where it is competing fiercely with Anthropic. CNBC
The massive energy demand from AI data centers is reshaping the U.S. power industry, with major tech companies like Amazon, Google, and Microsoft becoming dominant players in both energy consumption and production. Government analysts estimate data centers, which consumed 4% of the nation's electricity in 2023, could use as much as 12% within three years, raising concerns about rising electricity rates for consumers and small businesses. The New York Times
AI Market Research & Reports
AI Companion App Market: The market for AI "companion" apps is on track to exceed $120 million in revenue in 2025, according to data from Appfigures. The 337 active companion apps have generated $82 million in the first half of the year. Downloads are up 88% year-over-year, and 17% of active apps on the market include the word "girlfriend" in their name. TechCrunch
Lack of ROI from AI Investments: A majority of companies are failing to generate a return on their AI investments because they treat AI as a siloed, piecemeal solution rather than a foundational shift, according to analysis from Harvard Business Review. While IDC projects global AI spending will hit $632 billion by 2028, 51% of companies lack mature AI capabilities and only 4% leverage it for a competitive advantage. Harvard Business Review
A "generative AI paradox" is emerging, similar to the "productivity paradox" of the PC era, where massive corporate investment has yet to translate into significant bottom-line impact. Research from McKinsey shows that while nearly 80% of companies report using generative AI, just as many have seen no significant financial returns. Data from S&P Global reveals that 42% of companies abandoned most of their AI pilot projects in 2024, up from 17% the previous year. The New York Times
Bessemer Venture Partners released its "State of AI 2025" report, identifying two primary startup archetypes: "Supernovas," which hit ~ $100M ARR in 1.5 years with low margins, and "ShootingStars," which grow like elite SaaS companies ($3M to ~$100M in 4 years) with strong margins. The report highlights memory, context, and agentic capabilities as key differentiators and predicts 2026 will be "the year of generative video." Bessemer Venture Partners
The AI industry has produced 498 unicorn companies with a combined valuation of $2.7 trillion, according to data from CB Insights. The pace of wealth creation is outstripping the dot-com boom, with 100 of these unicorns founded since 2023. The report highlights that Anthropic is in talks for a $5 billion round at a $170 billion valuation, underscoring the massive capital influx and rapid valuation growth defining the sector. Fortune
Public Market & IPO Watch
Fractal Analytics, India's first AI unicorn, has filed for an IPO in Mumbai that could raise approximately $560 million at a valuation exceeding $3.5 billion. The provider of AI and analytics services is capitalizing on strong investor demand for the AI sector. Backers, including TPG Inc. and Apax Partners, intend to sell stock in the offering. Bloomberg
AI Infrastructure Acquisition Corp., a newly incorporated blank check company, has filed for an IPO to raise $100 million at a price of $10.00 per unit. The company intends to focus on high-impact private technology companies in the AI, machine learning, and next-generation data center infrastructure sectors. The offering consists of 10,000,000 units, each composed of one Class A ordinary share and one right to receive one-fifth of a Class A ordinary share upon the completion of a business combination. Maxim Group LLC is the sole book-running manager. S-1 filing
An analysis by The Motley Fool highlights Wall Street optimism for Atlassian (TEAM), Salesforce (CRM), and Adobe (ADBE). Analysts project the stocks could rise over 40% in the next year, citing significant AI tailwinds, with Atlassian's average price target reflecting 60% upside and Salesforce's at 45%. The Motley Fool
An analysis of publicly traded AI stocks highlights several companies beating the market. Taiwan Semiconductor Manufacturing (TSMC) continues to dominate advanced chip manufacturing, with H1 2025 net income up 60% YoY. Upstart Holdings (UPST) is leveraging its AI-driven credit scoring model to outperform, with H1 revenue up 59%. Meta Platforms (META) is heavily investing in AI, with capex expected to reach $66−$72 billion in 2025 to maintain its competitive edge. The Motley Fool
Advanced Micro Devices (AMD)'s stock is positioned for strong growth despite recent investor concern over its data center segment. The company's AI-powered PC processor business is a key catalyst, with client segment revenue jumping 69% in Q2. With the AI-PC market projected to grow at a 42% CAGR through 2028, AMD's focus on integrating NPUs into its processors is expected to drive long-term growth. The Motley Fool
People Moves in AI
Microsoft is actively recruiting top AI engineers and researchers from Meta, according to internal documents. The effort includes a "most-wanted" list of Meta employees, a new internal process to fast-track competitive offers for "critical AI talent," and special budgets to offer multi-million dollar compensation packages to match Meta's aggressive pay. Business Insider
Microsoft is integrating GitHub more closely into its CoreAI division following the resignation of GitHub CEO Thomas Dohmke. Microsoft will not replace the CEO role; instead, GitHub's leadership team will now report directly to the CoreAI team, ending its status as a more independent subsidiary in a move to better align with the company's central AI strategy. The Verge
Cohere has hired Joelle Pineau, Meta's former VP of AI research, as its new chief AI officer. The high-profile move is a strategic effort to revamp Cohere's research and product pipeline as it competes with heavily funded rivals like OpenAI and Anthropic. Pineau, a key figure in the development of Meta's Llama models, will oversee AI strategy across research, product, and policy. TechCrunch
Other Noteworthy AI News
Perplexity is reportedly seeking a new funding round at a $20 billion post-money valuation, according to an investor email seen by Business Insider. The potential round would represent a $2 billion valuation jump from its fundraise in July and comes as the AI search startup's annual recurring revenue is projected to be over $150 million. Business Insider
Sam Altman, CEO of OpenAI, is reportedly co-founding a new brain-to-computer interface startup named Merge Labs. The startup, which will compete with Elon Musk's Neuralink, is raising funds at an expected valuation of $850 million, with capital potentially coming from OpenAI's venture arm, though terms are not yet finalised. TechCrunch
Chipmaker Cerebras Systems is in talks to raise approximately $1 billion in a private funding round that would be led by Fidelity Investments. The move marks a pivot for the Nvidia rival after its previous plans for an initial public offering were complicated by a regulatory review of its relationship with Abu Dhabi AI firm G42. Bloomberg
Companies, including Cisco, McKinsey, and Google, are reintroducing in-person job interviews to combat a rise in cheating and fraud driven by sophisticated AI tools. As candidates use AI for real-time answer generation and deepfakes for impersonation, employers are turning to face-to-face meetings, particularly for technical roles, to verify skills and identity in what has become an AI arms race in hiring. The Wall Street Journal
OpenAI employees plan to sell approximately $6 billion worth of shares in a secondary deal that values the company at $500 billion. An investor group including Thrive Capital, SoftBank Group, and Dragoneer Investment Group is set to buy the shares, providing a major liquidity event for current and former staff amid a high-stakes war for AI talent. Bloomberg

