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Company

Lux Capital

Lux Capital is a venture capital firm investing in deep technology, including AI, biotech, defense, and frontier science startups.

Known aliases

  • Lux

Current stories

investConfirmed4 publishers

Sequoia leads a $30 million seed for Catalyst's AI agents that trade for retail investors

Sequoia led a $30 million seed round in Catalyst, a startup founded in 2025 to build AI trading agents for retail investors. How closely users check each agent-built trade before it runs will decide how much of the investing judgement sits with software.

Perspective Coverage

4 publishers
Builder
Builder 29%
Operator
Operator 30%
Investor
Investor 41%

Reality

Evidence55
Adoption20
Hype gap+45
Incentives70
Confidence60
productConfirmed2 publishers

AstraZeneca and Teradyne back Multiply Labs robots built to copy the manual steps in cell therapy

Multiply Labs raised $75M in a Series B led by Patrick Soon-Shiong, with AstraZeneca and robot maker Teradyne among its backers. Plant teams weighing the robots have to test the startup's claim that they copy staff closely enough to need no new regulatory approval.

Reality

Evidence50
Adoption20
Hype gap+40
Incentives65
Confidence55
buildOne report1 publisher

Cognichip's one detailed ACI example divides out to 40 to 50 times faster

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.

Publishers:runtimewire.com

Reality

Evidence33
Adoption18
Hype gap+42
Incentives74
Confidence57
buildOne report1 publisher

LatchBio's second look at Grok 4.6 found different safety behavior behind the same name

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.

Publishers:runtimewire.com

Reality

Evidence60
Adoption28
Hype gap+12
Incentives72
Confidence55
buildOne report1 publisher

Cognition's $47bn ask prices Devin at about 94 times its own run rate

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.

Publishers:runtimewire.com

Reality

Evidence34
Adoption54
Hype gap+37
Incentives71
Confidence44
buildOne report1 publisher

Devin now rents its execution: Cognition keeps the brain, Modal supplies the machines

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.

Publishers:runtimewire.com

Reality

Evidence54
Adoption27
Hype gap+16
Incentives79
Confidence55
buildOne report1 publisher

Buf puts Protobuf diagnostics in the editor, where schema rules actually get obeyed or ignored

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.

Publishers:runtimewire.com

Reality

Evidence62
Adoption18
Hype gap+28
Incentives68
Confidence58