Cognition, makers of the AI coding agent Devin, is reportedly already talking to investors about raising another funding round. This new round could deliver at least a $40 billion valuation based on achieving a $1 billion annualized revenue run rate, according to sources cited by Bloomberg. The company's customers include Mercedes-Benz, NASA, and Goldman Sachs.
Cognition in Talks to Raise at $40B Valuation
UKPulse News DeskAI coding startup Cognition is reportedly in talks to raise another funding round with a potential valuation of $40 billion, following a $1 billion raise at $26 billion in May.
- Cognition is reportedly in talks to raise another funding round.
- The potential valuation for the new round could be $40 billion.
- Cognition raised $1 billion at a $26 billion valuation in May.
What this means for you: This development may be of interest to investors and those following the AI and startup sectors.