What happened
Cognition is holding talks with investors for a new funding round. The discussions value the software startup at $40 billion. The initial report provides no details on how much capital the company seeks to raise.
The context
Cognition creates Devin, an autonomous AI agent designed for software engineering tasks. A $40 billion price tag would make it one of the highest-valued independent AI startups.
Sources
- bloomberg.com ↗ via Google News Reported