Cognition Labs Secures $175 Million Funding Led By Founders Fund At $2 Billion Valuation

San Francisco-based AI startup Cognition Labs recently secured a staggering $175 million in a funding round led by Founders Fund, catapulting its valuation to $2 billion. The six-month-old company, founded by coding wizards Scott Wu, Walden Yan, and Steven Hao in November 2023, made waves with its AI-powered coding assistant, Devin. This funding surge, coming just a month after Founders Fund led Cognition’s Series A round at a $350 million valuation, underscores the burgeoning interest in AI-powered tools for software development. Devin, unlike competitors such as GitHub Copilot or Amazon Code Whisperer, operates autonomously, handling entire development projects independently. Despite initial skepticism, Devin’s capabilities have impressed, achieving a 13.86% accuracy in resolving issues unassisted, according to the SWE-Bench benchmark. With this fresh investment, Cognition Labs is poised to further develop its innovative product and consolidate its position in the burgeoning AI-assisted software development landscape. HQ: #SanFrancisco #California #VentureCapital #ScottWu #WaldenYan #StevenHao #CognitionLabs #FoundersFund #TradedVC

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Versant Media Group Acquires Full Swing From Bruin Capital For $530 MillionVersant Media Group has agreed to acquire golf simulator and sports-technology company Full Swing from Bruin Capital and minority investors for approximately $530 million in cash, making it Versant’s largest acquisition to date. The deal values Full Swing at more than three times the roughly $160 million Bruin Capital paid for the company in 2021 and will add the business to Versant’s Digital Platforms and Ventures portfolio, where Full Swing CEO Ryan Dotters will report to Will McIntosh. Known for its golf simulators, tracking technology, and analytics software, Full Swing is also the official technology partner of TGL, the indoor golf league co-founded by Tiger Woods and Rory McIlroy. The transaction is expected to close before the end of the year. SALE PRICE: $530,000,000 #VentureCapital #VersantMediaGroup #FullSwing #TradedVC

Super.com Raises $65 Million In Series D Funding Led By TPG At $1.2 Billion ValuationSuper.com has raised $65 million in a Series D funding round at a $1.2 billion valuation, with TPG leading the investment. The company, which began in 2016 as a hotel-booking chatbot, has since evolved into a savings-focused super app that helps consumers save money, earn rewards, and access credit-building tools. According to the company, customers have saved more than $1 billion through the platform to date, while its Super+ membership program has grown to nearly one million members. The new capital will support Super.com's continued expansion as it works to become an essential money-saving service for American households. FOUNDER: Hussein Fazal INVESTORS: TPG, David Bessel & Arun Agarwal ROUND: Series D AMOUNT: $65,000,000 VALUATION: $1,200,000,000 HQ: San Francisco, California #VentureCapital #Supercom #HusseinFazal #TradedVC

Ravee Optics Secures $6 Million Seed Funding Led By BIG Global Investment JSCRavee Optics, a Dayton, Ohio-based startup developing ultra-compact laser communications terminals for satellites, has raised $6 million in seed funding to advance its meta-optics technology and prepare for an in-orbit demonstration planned for early 2028. The round was led by BIG Global Investment JSC, with participation from CincyTech Fund VI and the JobsOhio Growth Capital Fund. Founded in 2024, Ravee Optics is tackling the growing satellite bandwidth challenge by using silicon wafer-based meta-optics instead of traditional multi-lens systems, enabling smaller, lighter, and potentially lower-cost laser communication terminals suitable for spacecraft such as CubeSats. The company has already generated early revenue from optical component sales and is positioning itself to serve the expanding space communications market. FOUNDERS: Piyush J. Shah & Augustine Urbas INVESTORS: BIG Global Investment JSC, CincyTech Fund VI & JobsOhio Growth Capital Fund ROUND: Seed AMOUNT: $6,000,000 HQ: Dayton, Ohio #VentureCapital #RaveeOptics #PiyushJShah #AugustineUrbas #TradedVC