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Tech News
Enveda, a biotech startup using AI to identify drugs from plants and microbes, closed a $311 million Series E funding round at a $2 billion valuation. Catalio Capital Management led the round, with Iconiq and other investors participating. The valuation doubles what the company achieved a year earlier.
Snorkel AI, a company that builds AI training data sets and simulated environments, closed a $350 million Series E at a $3.5 billion valuation, nearly triple its $1.3 billion valuation from 17 months earlier. The round included existing backers Addition, Lightspeed, Greylock, GV, and Wells Fargo, alongside new leads Insight Partners and S32. Snorkel reports an annualized revenue run-rate of $375 million, up 18-fold over the past year.
AI coding startup Cognition has closed a Series E funding round of $2 billion, valuing the company at $48 billion. The round includes backing from investors such as Peter Thiel, underscoring strong investor confidence in AI-driven software development tools.
Stoke Space announced a $1 billion Series E funding round co-led by Point72 Ventures and Spark Capital, bringing its total funding to $2.3 billion. CEO Andy Lapsa said the money will accelerate development of a bigger 'Block 2' version of its Nova rocket capable of lifting 15 metric tons to low-Earth orbit while remaining fully reusable, even as the original Nova vehicle nears its debut launch next year.
Stoke Space Technologies has completed the first close of a $1 billion Series E funding round, led by Point72 Ventures and Spark Capital with participation from Y Combinator and other investors. The company says the capital will support scaling production and flight frequency of its current rocket while funding development of a larger, second-generation vehicle, bringing its total funding to $2.3 billion.