Secretive Backer Vy Capital Unveils $46B SpaceX Stake
Dubai-based Vy Capital built a $46.4B stake in SpaceX across 271.8M shares, propelling its AUM past $50B alongside Elon Musk. Here is how the bet unfolded.
venture capital
Listen Labs Walks $1.5B Round to Weigh $2B Salesforce Sale
AI customer-research startup Listen Labs shelved a $125M Menlo Series C at a $1.5B valuation to chase $2B Salesforce takeover talks — a 67x revenue multiple.
Cognition Hits $48B: $2B Series E as Devin Nears $1B ARR
Cognition raised $2B at a $48B valuation, nearly doubling from May’s $26B round as Devin’s ARR climbed from $492M to $900M in four months.
Boring Company Closes $20B Round on ‘Help or Forfeit’ Terms
Musk’s tunneling startup 3.5x’d its valuation in a $4B round — and made investors sign up for a role beyond writing checks.
Hadrian Raises $1.37B at $7.87B for AI Defense Factories
Chris Power’s automated defense factory just landed $1.37B from a public-market-heavy Series D, with the Alabama submarine facility at the center.
Venture Capital Explained: Stages, Term Sheets, and Down Rounds
How VC actually works: seed through growth, what’s in a term sheet, how dilution stacks up round by round, and what happens when a down round hits.
Cognition Hits $26B in $1B Series D; Devin ARR Reaches $492M
Cognition raised $1B at a $26B post-money valuation — 2.5x its September 2025 mark — as Devin’s ARR reached $492M with enterprise usage up 50% monthly.
Mercury Raises $200M at $5.2B, Bids to Be a Real Bank
Mercury’s $200M Series D at a $5.2B valuation, led by TCV, signals fintech’s funding recovery as the startup pursues a U.S. national bank charter.
Venture Capital Explained: From Seed Round to IPO
How does venture capital actually work? Learn the fund structure, funding stages, dilution mechanics, and key terms — from first check to IPO — in plain English.
Anthropic Could Raise $50 Billion at Near-$1 Trillion Value
Sources say Anthropic is fielding preemptive offers for a $40-50B round at $850-900B, backed by Google’s $40B pledge and Amazon’s $13B commitment, with one $5B buyer unable to get a meeting.