Tech news picked on 2026-05-28
What Cognition's $1B Fundraising Proves: The Tipping Point of the AI Coding Agent Market
- Cognition, the creator of Devin, raised over $1 billion at a post-money valuation of $26 billion.
- Eight months ago at Series C, it was valued at $10.2 billion, so it has more than doubled.
- ARR jumped from $37 million to $492 million in one year, and Devin reportedly writes 90% of the company's internal code.
- The trend is shifting from auxiliary tools to agents that complete tasks, and the verification process convincing companies they can entrust work is the next battleground.
D.CAMP Office Hour and Startup World Cup to be Held
- The D.CAMP Office Hour will be held in June, where 35 domestic and international partners will meet up to 105 startups.
- Since this program has continued over 1,500 times since 2013, it is a good opportunity to receive mentoring and IR feedback all in one place.
- With the Startup World Cup schedule overlapping, it would be beneficial to polish your pitch materials in advance.
- Instead of just listing participation history, counting how many actual investment or collaboration discussions have followed is what truly pays off.
Crew Capital Portfolio Connected to YC and a16z
- Portfolio companies from Crew Capital, founded in 2023, are receiving follow-on investments from Y Combinator, a16z, and General Catalyst.
- The portfolio consists of 32 companies.
- It is gratifying that early-stage teams starting in Korea have established a direct path to US venture capitalists.
- However, having a famous investor's logo does not substitute for proof of product-market fit.
- The next challenge is what they will demonstrate once the door has been opened.
How to Open Markets by Partnering with Large Corporations
- Meetings between large corporations and startups to discuss technology collaboration are increasing at events like the Startup Leap Package Meetup Day.
- Large corporations are looking for new technologies while startups seek market channels, so their needs clearly align.
- The challenge is speed.
- Decision-making in large corporations tends to take a long time, but startup bank accounts won't wait that long.
- It's better to focus on collaborations that have a defined next step and a firm deadline rather than just increasing the number of meetings.