Cognition raises $1B at $26B valuation; ElevenLabs launches Music v2

Cognition has secured over $1 billion in funding at a $26 billion valuation to expand its AI software engineer, Devin. This AI has demonstrated significant reductions in project timelines and improvements in automation for clients like Mercedes-Benz and Itaú. Meanwhile, ElevenLabs has launched Music v2, a music generation model capable of seamless genre transitions while maintaining coherence. Separately, Biohub has released an open-source world model for protein biology, including advanced tools for prediction, design, and discovery. AI

IMPACT This funding round for Cognition and its AI engineer Devin could accelerate the development and adoption of specialized AI agents in software development.

RANK_REASON Significant funding round for an AI company focused on a specialized AI agent. [lever_c_demoted from significant: ic=1 ai=1.0]

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• Anthropic
• Biohub
• Codex
• Cognition
• Devin
• ElevenLabs
• ESM Atlas
• ESMFold2
• Hugging Face Hub
• Itaú
• Mercedes-Benz
• Music v2
• OpenAI
• Thrive Holdings

• funding
• model release
• product

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