Startups

Cognition Raises Over $1 Billion At A $26 Billion Valuation As Devin Adoption Accelerates Across Enterprises

By Amit Chowdhry ● May 31, 2026

Cognition announced that it has raised more than $1 billion at a $26 billion valuation in a funding round led by Lux Capital, General Catalyst, and 8VC. Existing investors participating in the round include Founders Fund, Elad Gil, Alpha Wave, Definition Capital, Positive Sum, Avenir, Vitruvian, Bain Capital Ventures, Conversion Capital, 137 Ventures, Soma Capital, and Omri Casspi. New investors include Ribbit Capital, Atreides, and Layer Global.

Geordie AI: $30 Million Series A Raised To Help Enterprises Govern Autonomous AI Agents

By Amit Chowdhry ● May 31, 2026

Geordie AI announced it has raised $30 million in Series A funding led by Balderton Capital, with participation from existing investors General Catalyst and Ten Eleven Ventures, as well as new investor Crosspoint Capital.

RedCloud: $30 Million Saudi Joint Venture Launches Operations To Deploy AI Infrastructure Across FMCG Market

By Amit Chowdhry ● May 30, 2026

RedCloud Holdings announced the operational launch of its previously announced $30 million joint venture with Kayanat in Saudi Arabia, establishing RedCloud Arabia as the company’s operational foothold in the Kingdom. The initiative is designed to deploy RedAI infrastructure and related products across Saudi Arabia’s estimated $68 billion fast-moving consumer goods (FMCG) market while supporting the country's broader digital transformation objectives under Vision 2030.

NordSpace Consortium: $8 Million Investment To Advance Canada’s Sovereign Space Launch Capabilities

By Amit Chowdhry ● May 30, 2026

Next Generation Manufacturing Canada (NGen) announced that it is supporting an industry consortium project valued at more than $8 million to develop Canada’s first AI-powered hybrid additive-subtractive manufacturing line for advanced space propulsion systems. The initiative includes $3.2 million in funding from NGen through its Advanced Manufacturing Technology Program and is led by Canadian space launch company NordSpace alongside Miltera, Pegmatis, and Prime Powders.

MokN Raises $15 Million In Series A Funding To Scale Active Identity Recovery Platform

By Amit Chowdhry ● May 29, 2026

MokN, a cybersecurity company focused on protecting organizations against credential theft, announced it has raised $15 million in Series A funding. The round was led by GV, with participation from Datadog, Moonfire, OVNI Capital, and angel investors.

Fonoa Raises $110 Million In Series C Funding And Buys PwC’s Tax Platform

By Amit Chowdhry ● May 29, 2026

Fonoa, an AI-powered tax operating system for global businesses, announced two major moves aimed at strengthening its position in indirect tax compliance: the acquisition of Indirect Tax Edge (Edge) from PwC and the closing of a $110 million Series C financing round.

H1: $40 Million Investment Led By CVS Health Ventures To Expand AI-Powered Healthcare Platform

By Amit Chowdhry ● May 29, 2026

H1 announced it has received a $40 million investment in a funding round led by CVS Health Ventures, the venture capital arm of CVS Health focused on advancing healthcare innovation and digital transformation. The investment follows several successful collaborations between the two organizations, including the development of an AI model that significantly improved healthcare provider directory accuracy, helping patients connect with providers more efficiently.

Replit: Visa Investment And Enterprise Expansion Drive Growth In AI-Powered Software Creation

By Amit Chowdhry ● May 29, 2026

Replit announced a major expansion of its enterprise business through a new partnership and investment from Visa, alongside the launch of self-serve enterprise access and a new Solutions Partner Program designed to accelerate adoption of AI-powered software creation across large organizations.

Orbital Industries: $50 Million Series B Raised To Scale AI Engine For The Physical Economy And Data Centre Hardware

By Amit Chowdhry ● May 29, 2026

Orbital Industries, an AI-powered industrial technology company focused on building physical infrastructure for the AI era, announced it has raised $50 million in Series B funding. The round was led by Plural, with participation from existing and previous investors NVentures (NVIDIA), Radical Ventures, Compound, and Fly Ventures.

Pacifico Biolabs: €7 Million Series A Raised To Scale Mycelium Protein Production

By Amit Chowdhry ● May 29, 2026

Pacifico Biolabs announced that it has raised €7 million in Series A funding to accelerate the scale-up of its mycelium protein production platform and support the company’s commercial launch strategy. The financing marks a significant milestone for the Berlin-based food technology startup as it seeks to expand manufacturing capacity and strengthen its position within the rapidly growing alternative protein market.

Airis Labs: $31 Million Series A Closed As Defense AI Company Emerges From Stealth

By Amit Chowdhry ● May 29, 2026

Airis Labs announced its emergence from stealth with $60 million in total funding, including a $31 million Series B round led by PSG Equity. Existing investors TLV Partners, Stepstone Group, Redseed Ventures, and angel investors Eyal Waldman, Jeff Horing, Yasmin Lukatz, and David Chinn also participated in the financing.

Blulabs: $7 Million Investment Raised To Expand Global Supply Chain Platform

By Amit Chowdhry ● May 29, 2026

Blulabs, a Miami-based global supply chain, sourcing, manufacturing, and logistics partner, announced that Lodestone Capital has led a $7 million investment in the company. The financing values Blulabs at $160 million pre-money and is intended to support continued expansion across its global supply chain platform, technology infrastructure, manufacturing network, logistics capabilities, and customer service operations.

XCENA Raises $135 Million Series B To Advance Memory-Centric Computing Solutions For AI Infrastructure

By Amit Chowdhry ● May 29, 2026

XCENA, a company providing memory-centric computing solutions for AI infrastructure, announced it has raised $135 million (KRW 202 billion) in a Series B financing round. The funding will support the company’s global expansion, customer deployment efforts, and development of its next-generation computational memory technologies. Following the round, XCENA has raised a total of $185 million and reached a valuation of $570 million.

Fields Good: $1.8 Million Raised For Functional Cookie Brand Launch

By Amit Chowdhry ● May 29, 2026

Fields Good, a new functional cookie brand founded by Ashley Fields, daughter of Mrs. Fields founder Debbi Fields, and Kim Anderson, has officially launched with three ready-to-eat cookies designed to support focus, protein intake, and sleep. The Austin-based company also announced a $1.8 million pre-seed funding round led by Female Founders Fund.

Signos: $20 Million Raised To Scale FDA-Cleared CGM System For Weight Management

By Amit Chowdhry ● May 29, 2026

Signos, the company behind the first FDA-cleared over-the-counter continuous glucose monitoring (CGM) system designed for weight management, announced a $20 million funding round backed by GV (Google Ventures), Dexcom, and Blue Cross Blue Shield of Alabama. The funding is expected to support the company’s next phase of growth as demand increases for personalized metabolic health and weight management tools.

Pax: $40 Million Seed Raised After Cutting Crime 27% Across Brazilian Cities

By Amit Chowdhry ● May 29, 2026

Pax, an AI-native public safety technology company, announced a $40 million seed funding round co-led by Greenoaks and Benchmark. The financing is one of the largest seed investments in Latin America and will support the company's expansion of its real-time intelligence platform for law enforcement agencies across the region.