Cognition raises $1B in $26B Series D
Cognition, the AI coding agent company behind Devin, has raised $1B in a Series D round at a $26B valuation. The round signals continued investor conviction in autonomous coding agents as a large and growing market. The Latent Space newsletter frames coding as an 'uncapped TAM market,' reflecting broader industry sentiment around AI-driven software development.
Related guides (2)
Related events (8)
Anthropic raises $65B in Series H funding at $965B post-money valuation
Anthropic has closed a $65 billion Series H round led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, valuing the company at $965 billion post-money. The company reports annualized run-rate revenue crossing $47 billion and highlights major compute expansion agreements with Amazon (up to 5 GW), Google/Broadcom (5 GW of TPU capacity), and SpaceX (Colossus GPU access). Strategic infrastructure partners Micron, Samsung, and SK hynix join the round alongside a broad syndicate of institutional investors. Funding is earmarked for safety and interpretability research, compute scaling, and product expansion including Claude Code and Cowork.
Anthropic raises Series E at $61.5B post-money valuation
Anthropic has closed a $3.5 billion Series E round at a $61.5 billion post-money valuation, led by Lightspeed Venture Partners with participation from Bessemer, Cisco, Fidelity, General Catalyst, Salesforce Ventures, and others. Proceeds will fund next-generation AI system development, expanded compute capacity, mechanistic interpretability and alignment research, and international expansion. The raise follows the launch of Claude 3.7 Sonnet and Claude Code, with Anthropic citing strong enterprise adoption across customers including Cursor, Zoom, Snowflake, Pfizer, and Amazon's Alexa+.
Coding with OpenAI o1
OpenAI published a brief feature in which Scott Wu, CEO of Cognition (maker of the Devin AI software engineer), describes how o1 approaches coding decisions in a more human-like, reasoning-oriented manner. The piece is a short promotional commentary tied to the o1 model launch, highlighting o1's potential impact on AI-assisted software development. No new technical benchmarks or capability details are disclosed.
Anthropic raises $450M Series C led by Spark Capital with Google and Salesforce participation
Anthropic announced a $450 million Series C funding round led by Spark Capital, with participation from Google, Salesforce Ventures, Sound Ventures, and Zoom Ventures. Proceeds will fund expansion of Claude-based products, enterprise API growth, and AI safety research including alignment techniques. The announcement also highlights a 100K context window feature for Claude and notes Yasmin Razavi of Spark Capital joining the board. This is a historically significant funding round for a frontier safety-focused AI lab, though it predates the much larger rounds that followed.
New AI Infra Decacorns: Fireworks and Baseten Reach $10B+ Valuations (OpenRouter Next)
Latent Space reports on major funding milestones for AI inference infrastructure companies Fireworks AI and Baseten, both reaching decacorn ($10B+) valuations. OpenRouter is noted as a likely next entrant to that tier. The piece signals continued investor conviction in the AI serving and inference layer as a high-value segment of the stack.
Anthropic Passes OpenAI in Business Adoption; Cerebras IPO; Claude Mythos Security Concerns
A Ramp AI Index survey shows Anthropic reached 34.4% business adoption in April 2026, surpassing OpenAI's 32.3%, though analysts cite token cost inflation, service degradation, and competition from cheaper inference platforms as threats to the lead. Cerebras surged 89% on its IPO debut, signaling investor appetite for AI infrastructure hardware. Separately, Anthropic's withheld Claude Mythos model—which solved a novel cybersecurity challenge—prompted meetings with the Financial Stability Board, while ArXiv announced year-long bans for authors submitting unvetted AI-generated content.
OpenAI Raises $40B at $300B Valuation
OpenAI announced a $40 billion funding round at a $300 billion post-money valuation, making it one of the largest private funding rounds in history. The capital is intended to accelerate AI research toward AGI, scale compute infrastructure, and expand product capabilities. OpenAI reports 500 million weekly active ChatGPT users at the time of the announcement.
Anthropic raises $30 billion Series G at $380 billion valuation
Anthropic has closed a $30 billion Series G funding round led by GIC and Coatue, valuing the company at $380 billion post-money. The company reports $14 billion in annualized run-rate revenue growing over 10x annually for three consecutive years, with Claude Code alone generating over $2.5 billion in run-rate revenue and accounting for an estimated 4% of all GitHub public commits worldwide. Eight of the Fortune 10 are now Claude customers, and over 500 businesses spend more than $1 million annually. The round will fund frontier research, infrastructure expansion, and product development, and coincides with a confidential S-1 filing with the SEC.