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LATEST NEWS
PUBLISHED
August 13, 2026
AI Coding Startup Cognition Reportedly in Talks for New Funding Round at $40B Valuation
Cognition, the maker of AI coding agent Devin, is reportedly in preliminary talks with investors for a round valuing it at $40 billion, contingent on reaching a $1 billion annualized revenue run rate. That would be a sharp step up from the $26 billion valuation set just three months earlier.
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PUBLISHED
August 12, 2026
AI coding startup Cognition reportedly already in talks to raise at $40B valuation
Just months after raising $1 billion at a $26 billion valuation in May, Cognition is in early-stage discussions for a new round that could value the Devin maker at $40 billion or more. The higher price tag is tied to the company hitting a $1 billion annualized revenue run rate, with enterprise clients including Goldman Sachs, Mercedes-Benz, and NASA.
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PUBLISHED
August 12, 2026
Cognition AI Eyes $40 Billion Valuation From New Funding
Cognition is pursuing a funding round that could lift its valuation to at least $40 billion as annualized revenue from its Devin engineering agent approaches $1 billion. The company counts Citi, Goldman Sachs, Mercedes-Benz, and U.S. military branches among its customers amid surging investor appetite for AI coding tools.
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