The round for the two-year-old startup is coming together months after Mecka announced its Series A.

Listen Labs walked away from a signed Series C term sheet from Menlo Ventures, sources say.

Cognition's valuation multiple is higher than Cursor's was before selling to SpaceX.

The round is being raised just months after the robot data startup exited from stealth.

The round came together after the data center developer reportedly secured a $13 billion contract with Jane Street.

The high-profile startup's annual revenue run rate stands at over $100 million.

The acquisition also leaves Sequoia-backed Serval as the de facto startup leader in AI IT service automation, industry watchers believe.

The startup wants to do for IT infrastructure what Cursor did for software engineering.

Blue Voice is trained on department-specific laws, local ordinances, protocols, and guidelines that general-purpose AI tools can't access on the public internet.

The $200 million extension comes just months after the physical AI startup reached a $2 billion valuation.

Surging demand for AI training data is driving rapid growth for the startup and its rivals.

The model maker added $18 billion in annualized revenue in two months.