Sources: AI coding startup Cognition weighs a new funding round before year's end after receiving offers valuing it at $70B-$80B, up from $48B in September (Katie Roof/Business Insider)
Just weeks after announcing a new round of funding at a $48 billion valuation, AI coding startup Cognition is fielding new investor interest at a much higher price.
AI coding startup Cognition is considering a new funding round before the end of the year after receiving offers that value the company between $70 billion and $80 billion, according to Business Insider. These offers come only weeks after the company announced a $2 billion funding round at a $48 billion valuation.
Founded in 2023 by Scott Wu, Steven Hao, and Walden Yan, the San Francisco-based startup is known for Devin, an AI coding agent intended to automate software engineering tasks. Business Insider reports that talks regarding the financing are in the early stages and valuation targets may still change. Existing investors include a16z, Accel, Founders Fund, Khosla Ventures, Elad Gil, and Pear VC.
Brief written by urgent.news from Techmeme, Business Insider — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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