Validated data on over 10 million companies, including business relationships and Company Outlook signals (like Commercial Maturity, Mosaic Score, and Exit Probability)
AI-generated insights from company scouting reports and ChatCBI™
And now, here is this week's Hot or Not.
Hot: Vibe coding
This week, Cursor raised a $900M Series C at a $9B valuation (that’s up more than 22x from its $400M valuation just 10 months ago — but who’s counting?). And OpenAI agreed to buy Windsurf (fka Codeium) for $3B.
One is choosing to go it alone and go big while the other exited for a not-so-small $3B.
This won't be the last of M&A and big money in this space.
The coding AI agents market has been one of the fastest-growing AI markets, with total equity funding reaching nearly $1.9B (33 deals) in the last year alone.
Based on CB Insights’ data, Windsurf was breaking out with the top Mosaic score (overall company health and trajectory metric) in the coding AI agents & copilots market — 932 (out of 1000), +213pts in the last year.
Anysphere (parent co of Cursor) lagged Windsurf slightly on Mosaic at 874 in April, but it had seen the largest increase of any company in the market — +218pts YoY.
But this market is far from a 2-player race.
Below, we highlight the prominent players in the coding AI agents & copilots space and their YoY trajectory based on their Mosaic scores.
Delivery giants are placing multi-billion-dollar bets against the traditional dine-in restaurant experience.
DoorDash announced two such deals this week, acquiring Deliveroo for $3.9B and SevenRooms for $1.2B.
It’s the latest signal of consolidation in the food delivery industry, where heavyweights like DoorDash are trying to achieve sustainable profitability through scale, geographic expansion, and operational efficiencies.
Private startup Wonder, meanwhile, acquired Blue Apron in 2023 and Grubhub in late 2024. This week, it announced a $600M Series B extension that values it at $7B (2x its previous valuation from 2022).
Leaders in the space will likely keep pursuing targets to strengthen their international presence and vertical integration.
The question is: Who’s next?
CBI’s Head of Insights, Jason Saltzman, put together a shortlist of the most promising food delivery M&A targets based on Mosaic score and M&A probability, which you can see below.
Go check out his LinkedIn post to see how you can get access to the full list of companies across top food & meal delivery markets.
Hot: Uber's AV moment
Uber is going full throttle on autonomy.
The company just notched its busiest quarter yet for AV activity, locking in 5 new partnerships in Q1’25 alone — a sharp acceleration after years of slow-roll progress. And the strategy spans everything from rideshare to last-mile delivery to long-haul freight.
Instead of building its own self-driving tech, Uber is leveraging its scale — 30M+ daily rides, 2.8B trips per quarter — to become the commercialization layer for the AV ecosystem. It’s already piloting with Waymo, Cruise, WeRide, and Avride in cities like Phoenix and Austin.
The company is also placing bets across different tech stacks. It’s invested in camera-based navigation player Wayve, sidewalk delivery firm Serve Robotics, and freight-focused partners like Waabi and TORC.
The message is clear: autonomy isn’t just an R&D side hustle — it’s central to Uber’s future operating model.
AI is chipping away at Google’s core business — and Apple may be the next to accelerate the shift.
Apple is reportedly exploring an overhaul of Safari that would “focus” on AI-powered results instead of traditional search links. The move, confirmed by exec Eddy Cue, comes as Safari traffic declines for the first time on record — and as users increasingly bypass Google in favor of AI assistants like Perplexity or ChatGPT.
That’s bad news for Alphabet, which still relies on search ads for 57% of its revenue. And with Apple as a key distribution partner, even subtle shifts in default behavior are spooking investors.
But Google’s not alone in feeling the heat.
As generative AI reshapes how people find information, big tech players are racing to build their own moats — not just in search, but across infrastructure, agents, and hardware.
Alphabet, Microsoft, Amazon, Meta, Apple, and Nvidia pulled in nearly $2T in 2024 revenue, and they're doubling down on AI to stay there — with capex spend heading toward $300B in 2025.
Search may be the first to change, but it’s a broader inflection point in the platform wars.
CB Insights' emerging technology insights platform provides all the analysis and data from this newsletter. Our data is the easiest way to discover and respond to emerging tech.
