US AI startup Cognition eyes $1b raise at $40b valuation
Founded in 2023, Cognition says banks and automakers use its Devin coding agent.
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Sources: AI coding startup Cognition is in early talks with investors to raise $1B+ at a $40B+ valuation, after raising $1B at a $26B valuation in May (Rebecca Torrence/Bloomberg)
Cognition AI is in early talks with investors for a new funding round that may boost the coding startup's valuation by more than 50% …