U.S. MarketsAugust 11 at 11:58 PM

Cognition AI is in early discussions with investors for a new funding round that could boost its valuation by more than 50% to at least USD 40bln, according to people familiar with the discussions cited by Bloomberg

StockNow breaking-news AI analysis

Cognition AI is seeking a $40B valuation, driven by $492M in revenue and high enterprise adoption of its AI software engineer 'Devin', despite intense competition from SpaceX-acquired Cursor and major labs.

What do investors think?

Curious what other investors think?Log in to see reactions and join the conversation.

StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.

Cognition AI is in early discussions with investors for a new funding round that could boost its valuation by more than 50% to at least USD 40bln, according to people familiar with the discussions cited by Bloomberg

What do investors think?

Today's market highlights

Fed's Collins (2028 voter) says poor Americans are struggling to make ends meet, and warns that the central bank may need to raise rates to cool inflation, according to FT