importantSYS.SOURCE: TechCrunch• 2026-08-12T18:19:12Z

AI Coding Startup Cognition Aims for $40B Valuation in New Funding Round

#ai #startups #fundraising

AI coding startup Cognition is reportedly in talks to raise funds at a $40 billion valuation, up from a $26 billion valuation in May. The company aims to achieve a $1 billion annualized revenue run rate, driven by enterprise adoption of its AI coding agent, Devin.

Cognition may be looking to raise another mega round just a few months after raising $1 billion at a $26 billion valuation.

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