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Andreessen Horowitz

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Cognition hits $48B valuation, signaling investors believe AI coding is far from a winner-take-all market

Cognition, maker of Devin, raised $2 billion at a $48 billion valuation led by a16z, Accel, and Founders Fund, with revenue at $900M annualized.

Cognition raised $2 billion at a $48 billion valuation, four months after a $26 billion round, led by Andreessen Horowitz, Accel, Founders Fund, General Catalyst, and Avenir. Its annualized run-rate revenue grew from $492 million to $900 million since May, with projected $4-5 billion by end of 2026, while compute costs could push 2026 burn to $800 million. The startup, founded by Scott Wu, counts Mercedes-Benz, NASA, Goldman Sachs, and Citi as customers and is training its own model to cut reliance on OpenAI and Anthropic.

TechCrunch · AI · 7d agoAI industry

Travis Kalanick’s Atoms might be getting into the robotaxi business

Travis Kalanick's Atoms, which raised $1.7B led by Andreessen Horowitz with $100M from Uber, is reportedly exploring robotaxi technology and acquisitions.

Atoms raised a $1.7 billion round led by Andreessen Horowitz earlier in the summer, and Uber has invested $100 million. The Financial Times reports the startup is preparing a hiring spree and acquisitions to become a major autonomous vehicle player, and has discussed Uber using its robotaxi technology. Atoms previously acquired Pronto, an autonomous mining startup led by Anthony Levandowski, Uber's former self-driving chief.

TechCrunch · AI · 9d agoAI industry

XDOF, just 3 months out of stealth, is in talks for a Series B at a $1.2B valuation

Robotics data startup XDOF is in talks for a Series B at a $1.2B valuation led by 8VC, three months after emerging from stealth.

XDOF, co-founded in 2024 by UC Berkeley researchers Philipp Wu and Fred Shentu, collects real-world teleoperation data for training general-purpose robots. It raised a $70M Series A in June from Thrive Capital, Andreessen Horowitz, Lux, and Spark Capital, and annualized revenue is approaching $50 million. The company is partnering with UC Berkeley's AI Research lab to release the ABC robot training dataset and already serves about 20 customers, including several frontier AI labs. Terms of the Series B are not final.

TechCrunch · AI · 11d agoAI industry