Sources: Salesforce is leading a $160M+ raise for HR software company HiBob at a $3.2B+ valuation, up from $2.66B in 2023; HiBob has raised $700M+ since 2015 (Bloomberg)
Salesforce Inc. is investing in human resources software company HiBob as part of a more than $160 million funding round that values …
Artificial intelligence coding startup Cognition AI is planning to raise approximately $1 billion in a new funding round, according to Bloomberg. This would value the company at around $47 billion, a significant increase from its previous valuation of $26 billion in May. The final raise could even surpass the $1 billion mark due to strong demand from investors.
Cognition has received nearly $10 billion in investor interest, according to the report. The talks are still ongoing and the terms could still change. This potential valuation is a sharp increase from the $10.2 billion valuation secured in a September 2025 funding round. Cognition's revenue has surged, reaching more than $900 million in annualized revenue, up from $492 million in late May.
The company is known for Devin, an AI engineering agent designed to automate software-development tasks. The focus has shifted to enterprise customers as demand for AI coding tools accelerates. Recent investor interest has been boosted by a surge in valuations for AI coding companies, with SpaceX's $60 billion acquisition of rival Cursor in August.
The latest financing, if completed at the reported valuation, would show how quickly investors are repricing AI companies that show growing revenue.
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