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AUM
Venture capital investment firm
Sovereign AI startup 1001 has closed a $30 million Series A round led by US firm Lux Capital, with participation from Saudi PIF‑backed Sanabil Investments, 9Yards, Hanabi, General Catalyst, CIV and others. EnterpriseAM reported the deal on July 1, 2026, noting that 1001 will use the funds to scale engineering and deployments across GCC ports, aviation, energy and other critical infrastructure sectors.
Neuro‑AI startup Flourish has raised $500 million at a reported $2.5 billion valuation to build Cortex AI, a brain‑inspired architecture targeting 20–50 watt power envelopes. TechFundingNews reported on June 5, 2026 that Jeff Bezos committed nearly $100 million to the round, alongside Lux Capital, GV and Catalio Capital, following earlier coverage of the raise in Wired. The company has no commercial product yet and is positioning itself as an architectural rival to efficiency‑focused chip players like Groq, Cerebras and Etched.
Cognition, maker of the Devin autonomous AI software engineer, raised over $1 billion at a $25 billion pre-money valuation in a new funding round announced on May 27, 2026. Lux Capital and General Catalyst led the round with participation from Founders Fund, 8VC, Ribbit Capital, Atreides, Layer Global and others.