It’s not FAANG anymore. It’s MANGOS.
With SpaceX, Anthropic, and OpenAI all eyeing massive public debuts, the tech industry may soon have a new class of corporate overlords — and a new acronym to match. Say goodbye to FAANG and hello to MANGOS.
Julie Bort
Source-attributed coverage written by this author across active feeds.
Supabase doubles valuation to $10B in 8 months
Supabase, an example of an open source project becoming a fast-growing company, has greatly benefited from AI tools like Claude, Codex, and other vibe-coding platforms.
Lovable signs multi-year deal with Google Cloud to up usage 5x, source says
Lovable and Google signed an expanded multi-year deal athat involves a 5x expansion of Lovable's footprint on Google Cloud, and expanded access to Anthropic Claude.
Defense tech darling Mach Industries hits $1.8B valuation, a 4x jump in a year
In a wild ride for 22-year-old founder and CEO Ethan Thornton, Mach Industries has raised another $300 million. It already has five autonomous vehicles in development and completed a major acquisition.
Cognition’s Scott Wu says AI coding agents shouldn’t replace humans
Cognition makes Devin, the first and arguably most successful AI coding agent. But famed coder Wu says it isn't designed to supplant human programmers.
AI coding startup Cognition raises $1B at $25B pre-money valuation
As Cognition reaches $492 in annualized revenue run rate, it more than doubled its valuation in eight months, it says.
Tech CEOs are apparently suffering from AI psychosis
"CEOs are uniquely prone to AI psychosis," Box CEO Aaron Levie opines. Maybe that explains the almost religious belief in AI productivity gains.
OpenRouter more than doubles valuation to $1.3B in a year
OpenRouter has raised a $113 million Series B led by CapitalG. Its 5x growth in usage over six months indicates the multi-AI-model future is here.
Amazon fulfillment competitor Stord raises $250M at $3B valuation
Stord offers a network of physical warehouses and inventory management software for e-commerce. It bills itself as a sort of anti-Amazon, giving brands "the speed to compete" while still owning their customer relationships.
The pitch trick that helped an eSports startup raise $20M when VCs only wanted AI
Earlier this year, Lucra Sports founder and CEO Dylan Robbins did something that no one else has ever done. And he shared several secrets on how he did it.
OpenAI barrels towards IPO that may happen in September
A day after Elon Musk lost his lawsuit that threatened OpenAI's structure, leadership and finances, OpenAI is reportedly back to prepping for its IPO.
$60B AI chip darling Cerebras almost died early on, burning $8M a month
Cerebras Systems was 2026's biggest tech IPO so far. But years ago, it burned through hundreds of millions working on a chip many believed impossible.
Anduril raises $5B, doubles valuation to $61B
After achieving $2.2 billion in revenue in 2025, the defense tech startup has raised another massive round, led by Thrive and a16z, it says.
Ramp in talks to hit $40B+ valuation, 6 months after reaching $32B
The company is reportedly in talks to raise another $750 million at a pre-money valuation of more than $40 billion. It last raised in November at $32 billion.
OpenAI’s cozy partner Cerebras is on track for a blockbuster IPO
AI chip maker Cerebras is heading for a blockbuster IPO that could value it at $26.6 billion or more. Its relationship with OpenAI is deep and rich.