Cognition’s $2B Series E at $48B: a16z and Accel Double Down After Cursor’s Exit
Devin maker Cognition closed more than $2B at $48B — nearly doubling May’s $26B mark — as company-stated run-rate climbed from $492M to almost $900M in four months.
investment-strategies
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The Exploration Company’s $450M Series C: Atomico, EQT Scaleup, and Bessemer Bet on European Reuse
TEC closed $450M Series C — billed as Europe’s largest space Series C — co-led by Atomico and EQT’s Scaleup Europe Fund with Bessemer, citing >$2B in contracts and a 2028 ISS docking target for Nyx.
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Herdr’s $6M Seed: Bessemer Leads a YC Terminal Runtime — No Users in the Post
Bessemer Venture Partners led a $6 million seed for Herdr on September 8, 2026, with Y Combinator and e2vc in the round. The company blog disclosed no valuation, revenue, or user count. Hiring is via SSH to herdr.dev.
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Forus’s $150M Series C at $3B: Bain Leads the AI Layer Between Rx and First Dose
Bain Capital Ventures led Forus’s $150M Series C at $3B — tripling a ~$1B May mark — as the former Tandem builds AI agents that move specialty prescriptions through insurance, assistance, and pharmacy.
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TrueBridge Secondaries II Closes $508M — More Than 2× Fund I, No LP Names
TrueBridge Capital Partners announced the final close of Secondaries II at $508 million on September 8, 2026. Fund I closed at $230 million in 2024. LP names were not disclosed. $15.0 billion is regulatory AUM for the whole firm, not this vehicle.
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Antioch’s $32M Series A: Greylock Bets on Sim, Not a Billion-Dollar Data Collect
Greylock led a $32 million Series A for New York physical-AI simulator Antioch on September 8, 2026. Amazon’s Ring is named in the release. Valuation, ARR, and a company total that reconciles seed plus pre-seed were not disclosed.