AI Application-Layer Startup Radar

AI Application-Layer Startup Radar — Week of May 26–June 1, 2026

Six application-layer AI funding rounds closed or surfaced this week, totaling roughly $1.2B. Highlights: Cognition's $1B Series C at a $26B valuation (2.5× in 8 months), three competing physical-AI training-data startups drawing $99M+ combined, H1's data-moat play backed by CVS Health Ventures, and Ethos's a16z-led expert network round.