AI Application-Layer Startup Radar

AI Application-Layer Startup Radar — Week of May 26

Six AI application-layer companies disclosed rounds between May 26 and June 2, 2026, pulling in roughly $1.26 billion. Cognition hit a $26B valuation with its $1B Series D for AI coding agent Devin; Reactor exited stealth with $59M for real-time generative video; Sekai raised $26M for consumer AI mini-app creation; NP Company closed a €6M pre-seed backed by Mistral AI co-founders for industrial physics simulation.