All Deals
September 8, 2026 - Deals
Cognition AI Secures $2 Billion Investment Led By Andreessen Horowitz At $48 Billion Valuation
Cognition AI, the startup behind AI coding agent Devin, has raised more than $2 billion at a $48 billion valuation in a round led by new investors Andreessen Horowitz and Accel, alongside existing backers Founders Fund, General Catalyst and Avenir. The AI company said run-rate revenue has nearly doubled from $492 million to about $900 million since its May round, with growing adoption of its Devin software agent across customers including NVIDIA, GE Aerospace, Citi, Mercedes-Benz AG and Modal.
FOUNDERS: Scott Wu, Steven Hao & Walden Yan
INVESTORS: Andreessen Horowitz, Accel, Founders Fund, General Catalyst, Avenir, Benchmark, Bessemer Venture Partners, Kleiner Perkins, Greylock Partners, Lightspeed, Altimeter, Bond Capital, Meritech, Atreides Management, Valor Equity Partners, T. Rowe Price, Lux Capital, 8VC, D1 Capital Partners, 137 Ventures, DST, Positive Sum, HOF Capital, Soma Capital, BOX Group, Ribbit Capital, Swish Ventures, Stripes, Definition, Hanabi Capital, Bain Capital Ventures, Layer Global, A*, Alpha Wave Global, Alkeon Capital, Diffusion, NVIDIA
AMOUNT: $2,000,000,000
VALUATION: $48,000,000,000
HQ: San Francisco, California
#VentureCapital #CognitionAI #ScottWu #AndreessenHorowitz #TradedVC
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Clay Secures $115 Million In Series D Funding Led By Wellington Management At $7.1 Billion ValuationClay raised $115 million in a Series D led by Wellington Management at a $7.1 billion valuation, bringing the company into its next phase focused on building a self-learning revenue engine that predicts and executes the next best actions for businesses. Co-founder Varun Anand said Clay will expand beyond GTM data and infrastructure into AI-driven recommendations across marketing, sales and product strategy, while launching a $1 million scholarship fund to train the next generation of go-to-market engineers.
FOUNDERS: Varun Anand & Cole Turner
INVESTOR: Wellington Management
ROUND: Series D
AMOUNT: $115,000,000
VALUATION: $7,100,000,000
HQ: New York, New York
#VentureCapital #Clay #VarunAnand #ColeTurner #TradedVC
Sydney Sweeney Invests As Equity Partner In Sports Prediction Platform Novig Valued At $500 MillionSYDNEY SWEENEY IS BETTING ON SPORTS PREDICTION MARKETS.
The actress has invested in Novig, joining the sports prediction platform as an equity partner ahead of the fall and winter sports season.
Novig was most recently valued at roughly $500M after raising a $75M Series B, bringing total funding to more than $105M.
The company lets users trade sports outcomes directly against one another rather than betting against a traditional sportsbook, and reported 10x growth in trading volume in 2025.
Sweeney is also helping lead Novig’s new “Just Sports” campaign across TV, streaming, social, digital, and out-of-home.
Novig is backed by Pantera Capital, Multicoin Capital, Makers Fund, Forerunner, NFX, Y Combinator, Lux Capital, and others.
Celebrity endorsements are increasingly becoming equity ownership.