Modal Raises $750M Series D at $15.75B After Crossing $1B Run Rate
Modal closed a $750M Series D at $15.75B led by Accel after crossing $1B annualized run rate. Sandboxes alone are ~$300M run rate; usage 3x since Series C.
American artificial intelligence company. Ultrathink has published 8 stories on Cognition AI. Latest, on : Modal Raises $750M Series D at $15.75B After Crossing $1B Run Rate.
Modal closed a $750M Series D at $15.75B led by Accel after crossing $1B annualized run rate. Sandboxes alone are ~$300M run rate; usage 3x since Series C.
A potential Cognition AI valuation of $40 billion, just months after a $26 billion round, tests whether Devin's traction justifies this capital escalation.
Anthropic makes auto mode the default for Claude Code, signaling a shift toward fully autonomous AI coding agents with reduced human oversight.
Cognition acquires Poke in a low-nine-figure deal to integrate casual, high-retention conversational UX into its autonomous AI coding agent Devin.
Poolside Laguna S 2.1 is here. Read our analysis of how this new AI code generation model stacks up against Cursor, GitHub Copilot, and Devin.
Anthropic's Claude Code enterprise migrations signal a major shift to autonomous AI coding, challenging GitHub Copilot and Devin in complex codebases.
Atlassian launches a system for Jira AI-native software development, transforming its classic project management tool into an orchestration engine for AI agents.
AI coding startup Emergent raises a $130M Series C to reach unicorn status, proving that developer-focused AI tools have unmatched monetization velocity.