DevBusiness & Enterprise2 min reading time

AI coding startup Cognition reportedly already in talks to raise at $40B valuation

TechCrunch
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Cognition, the AI coding startup behind the Devin agent, is in talks to raise a new funding round that could value the company at $40 billion, up from $26 billion in May. The valuation increase is linked to Devin reaching a $1 billion annualized revenue run rate, with enterprise usage growing rapidly.

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