HOFFMAN, PINCUS LAUNCH AI LAB SEEKING $100M
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Prentis, a new AI research lab co-founded by LinkedIn co-founder Reid Hoffman and Zynga founder Marc Pincus, is in talks to raise $100 million. The lab is focused on automating routine computer tasks as the next major frontier for AI applications.
■ MORE FROM THE STARTUPS DESK
UK-based manufacturing software startup CloudNC announced a $20 million Series B extension round Wednesday. The funding brings the company's total capital raised to $128 million.
Cognition reached a $48 billion valuation in its latest funding round, exceeding Cursor's valuation before the latter's acquisition by SpaceX. The milestone reflects investor confidence that the AI coding market supports multiple winners.
The Exploration Company has secured $450 million in Series C funding to develop reusable spacecraft technology. The European space company describes this as the largest Series C round ever raised by a European space firm.
Antioch, a startup building high-fidelity simulations for AI training, secured $32 million in Series A funding led by Greylock. The platform aims to reduce reliance on physical hardware validation in AI development.