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AI Code Generation

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Wednesday, 2 September 2026

Cognition heads for $47B valuation as Devin revenue nears $1B

Tech Funding News 1 month ago 6

Cognition is nearing a new funding round that would value the company at about $47 billion, after reporting annualised revenue above $900 million. The round is described as roughly $1 billion and investor demand has reportedly reached nearly $10 billion. If it closes, Cognition would raise fresh capital at a valuation nearly double the $26 billion level from its May round.

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