COGNITION TO RAISE ~$1B AT $47B VALUATION AI coding startup Cognition is set to close a new funding round at roughly a $47B valuation, up from $26B just three months ago, per Bloomberg. The maker of Devin reportedly received nearly $10B in investor interest, and the final raise could exceed $1B. Cognitionā€™s annualized revenue has also jumped to more than $900M, up from $492M in late May. Investor interest accelerated after SpaceX completed its $60B acquisition of rival Cursor in August. 02-SEP-2026 05:19 AM ET