AI Startup Cognition to Raise Around $1B at a $47B Value

AI Startup Cognition Set to Raise Around $1 Billion at a $47 Billion Value

Artificial intelligence coding startup Cognition AI Inc. is set to close a new round of funding that would vault its valuation to about $47 billion, according to people familiar with the efforts.

Cognition heads for $47B valuation as Devin revenue nears $1B

Cognition is nearing a roughly $1 billion round at a $47 billion valuation, Bloomberg reports, up from $26 billion just three months ago. Annualised revenue has more than doubled since May, climbing from $492 million to over $900 million. Investor demand has reportedly hit nearly $10 billion, partly fuelled by SpaceX’s closed $60 billion acquisition of rival Cursor. Cognition is closing in on a new funding round of around $1 billion at a valua…

Cognition AI to raise $1B at $47B valuation

Cognition AI Inc., an AI coding startup, is nearing a $1 billion funding round, boosting its valuation to approximately $47 billion amid overwhelming investor interest.

AI startup Cognition to raise around $1B at a $47B value

Artificial intelligence coding startup Cognition AI Inc. is set to close a new round of funding that would vault its valuation to about $47 billion, according to people familiar with the efforts. The company is raising around $1 billion in its latest haul, said the people, who asked not to be identified because the information […] The post AI startup Cognition to raise around $1B at a $47B value appeared first on Communications Today.