{
  "id": 16980555,
  "title": "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)",
  "url": "https://urgent.news/2026/10/29/sources-ai-coding-startup-cognition-weighs-a-new-funding-round-before",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-29T00:20:23.000Z",
  "source": {
    "name": "Techmeme",
    "slug": "techmeme",
    "url": "https://www.businessinsider.com/cognition-round-of-funding-at-a-75-billion-valuation-2026-10"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.\n\nFounded 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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}