Dev-tools, agent platforms driving late-stage valuation heat
Key Questions
What valuation did Cognition AI achieve in its recent funding round?
Cognition AI raised over $1 billion at a $26 billion valuation. Its revenue grew from $37 million to $492 million, representing a 51x revenue multiple.
How much did Saris raise and for what purpose?
Saris raised $28 million in Series A funding to develop agentic AI solutions for the banking sector. This is part of the growing European agentic AI ecosystem.
Which other companies received funding in the dev-tools and agent platforms space?
Notable raises include Cursor at a $60 billion valuation, Viktor at €64.7 million, Legora at $550 million, and Modal Labs at $355 million. Newer entrants include Canyon Code, CodeIntegrity, Geordie AI, and others.
Cursor hits $3B ARR with $60B valuation in SpaceX acquisition talks (June 12 IPO, July close, $10B breakup fee). Cognition AI raises $1B+ at $26B valuation (revenue $37M→$492M, 51x revenue multiple). Viktor €64.7M, Legora $550M at $5.55B, Modal Labs $355M at $4.65B ($300M ARR), Mintlify $45M at $500M. New: Canyon Code $5M pre-seed, CodeIntegrity $5M seed, Geordie AI $30M Series A (agent governance), Modiqo $3M pre-seed, Gray Swan $40M Series A. Saris $28M Series A for agentic AI in banking. European agentic AI ecosystem growing.