{
  "id": 4985772,
  "title": "Cognition set to raise $1 billion at $47 billion valuation - Bloomberg",
  "url": "https://urgent.news/2026/09/02/cognition-set-to-raise-1-billion-at-47-billion-valuation-bloomberg",
  "topic": "ai",
  "section": "AI",
  "published": "2026-09-02T01:20:08.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/cognition-set-to-raise-1-billion-at-47-billion-valuation--bloomberg-4885238"
  },
  "original_language": "en",
  "account": "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.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Techmeme",
        "title": "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)",
        "url": "https://urgent.news/2026/09/01/sources-salesforce-is-leading-a-160m-raise-for-hr-software-company",
        "published": "2026-09-01T12:35:01.000Z"
      }
    ]
  },
  "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."
}