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Lux Capital is a venture capital firm investing in deep technology, including AI, biotech, defense, and frontier science startups.
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Faraj Aalaei's Cognichip argues that semiconductor physics belongs inside the model, with agents left to orchestrate. The one speedup it has documented in detail is a 55-page spec handled in days against a baseline Cognichip supplied itself.
Reality
Nineteen days after the same model name produced repetition loops and phantom missing files, the served checkpoint refused 59.2% of concealed-hazard tasks. That makes third-party refusal testing a running job, not a procurement step.
Reality
The round is still under negotiation, but the multiple it implies will outlast the negotiation. That multiple is the figure every seller of coding agents will get measured against the next time procurement asks why the seat price moved.
Reality
Devin Outposts on Modal moves code execution into infrastructure the customer runs, which makes a sandbox vendor, not a model vendor, the thing platform teams must procure and secure.
Reality
A $52mn seed closes with an $18mn top-up and a first office outside Africa. The argument that production can stay put now rests on a $100mn bookings number.
Perspective Coverage
3 publishersReality
The new `buf lsp serve` shares a compiler and workspace model with the CLI that already runs in CI. That matters more than the feature list.
Reality