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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Scapia Raises $63 Million In Funding Round Led By General Catalyst With Peak XV Partners And Z47Scapia raised $63 million in a round led by General Catalyst, with participation from existing backers Peak XV Partners and Z47. The India-based travel-fintech company, founded and led by CEO Anil Goteti, plans to use the capital to accelerate its AI-first product roadmap, expand its customer base across the country, and strengthen its integrated travel and financial ecosystem spanning credit cards, payments, rewards, and travel services. The company said it is seeing strong traction across flights and stays as it builds toward a broader AI-native travel platform for a younger, travel-heavy consumer base in India. FOUNDER: Anil Goteti INVESTORS: General Catalyst, Peak XV Partners & Z47 AMOUNT: $63,000,000 HQ: Bengaluru, Karnataka, India #VentureCapital #Scapia #AnilGoteti #TradedVC

Convective Capital Raises $85 Million Fund For Climate And Disaster Resilience InvestmentsConvective Capital, the early-stage climate and resilience-focused venture fund led by Bill Clerico, has raised an $85 million fund, up from its $35 million 2022 debut. The new fund marks a shift from an initial “firetech” focus on wildfire detection and mitigation to a broader mandate around physical-world risk management and disaster resilience, backed increasingly by institutional investors including insurers and asset managers. Convective plans to continue investing in technologies spanning wildfire prevention, infrastructure monitoring, insurance innovation, and climate-adaptive systems as extreme weather and disaster-related losses accelerate globally. FOUNDER: Bill Clerico AMOUNT: $85,000,000 #VentureCapital #ConvectiveCapital #BillClerico#TradedVC

Advanced Micro Devices Commits Over $10 Billion To Taiwan Semiconductor Ecosystem For AI InfrastructureAdvanced Micro Devices said it will invest more than $10 billion across Taiwan’s semiconductor ecosystem in a sweeping push to scale advanced packaging and accelerate next-generation AI infrastructure deployment. The commitment, outlined in a May 21 release, deepens partnerships with firms including ASE and SPIL to develop wafer-based 2.5D “Elevated Fanout Bridge” interconnect technology for AMD’s upcoming 6th Gen EPYC CPUs codenamed “Venice,” while also marking a milestone with PTI on panel-based EFB interconnects aimed at improving efficiency and economics for AI systems. The investments support AMD’s Helios rack-scale platform, targeting multi-gigawatt deployments from 2H 2026 using Instinct MI450X GPUs and EPYC processors, as the company competes more directly with Nvidia in AI infrastructure. Chair and CEO Dr. Lisa Su said the strategy combines AMD’s high-performance computing with Taiwan’s ecosystem to enable integrated rack-scale AI systems for faster deployment of next-gen workloads. FOUNDERS: Jerry Sanders, Edwin Turney, John Carey, Jack Gifford, Sven Simonsen, Frank Botte, Jim Giles & Larry Stenger AMOUNT: $10,000,000,000 HQ: Santa Clara, California #VentureCapital #AdvancedMicroDevices #JerrySanders #EdwinTurney #JohnCarey #JackGifford #SvenSimonsen #FrankBotte #JimGiles #LarryStenger #TradedVC

Socket Secures $60 Million In Series C Funding Led By Thrive Capital At $1 Billion ValuationSocket raised $60 million in a Series C round at a $1 billion valuation, officially becoming a unicorn as demand intensifies for tools that secure open-source software supply chains amid the rapid rise of AI-generated code. The round was led by Thrive Capital with participation from Andreessen Horowitz, Abstract Ventures, and Capital One Ventures, bringing total funding to $125 million. Founder and CEO Feross Aboukhadijeh said the company’s platform detects malicious behavior in open-source dependencies in real time as AI now generates the majority of code in leading engineering teams. FOUNDER: Feross Aboukhadijeh INVESTORS: Thrive Capital, Andreessen Horowitz, Abstract Ventures & Capital One Ventures ROUND: Series C AMOUNT: $60,000,000 VALUATION: $1,000,000,000 HQ: San Francisco, California #VentureCapital #Socket #FerossAboukhadijeh #TradedVC

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