FORUS RAISES $150M, HITS $3B VALUATION
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Healthcare automation startup Forus has raised $150 million in Series C funding at a $3 billion valuation. The AI-powered platform streamlines drug prescriptions by automating insurance coverage navigation and other administrative hurdles.
■ MORE FROM THE STARTUPS DESK
AI coding startup Cognition has raised $2 billion at a $48 billion valuation, nearly doubling its value from $26 billion in May. The company's run-rate revenue surged to approximately $900 million, up from $492 million five months earlier.
Stoke Space has closed another substantial funding round, positioning itself to accelerate rocket launch capabilities. The capital injection signals investor confidence in the company's ability to expand operations.
Celero Communications raised $275 million in funding, reaching a $3 billion valuation. The networking chip maker targets efficiency improvements for AI data centers.
Runway AI Inc. reached $200 million in annual recurring revenue in September, driven by demand for its generative AI tools that create marketing materials and advertisements. The startup projects ARR will exceed $350 million by end of 2026.