What happened
US AI startup Cognition is seeking a $1 billion funding round. The proposed deal would value the company at $40 billion. The brief report gives no details on participating investors or timing.
The context
Cognition builds automated software tools, best known for its Devin AI coding agent. Investors continue to pour capital into software automation tools. A $40 billion valuation would make Cognition one of the highest-valued AI startups.
Sources
- Tech in Asia ↗ via Google News Reported