Cognition Nears One Billion Dollar Round at Forty Seven Billion Valuation

Tech Funding News posted that Cognition is closing in on a new funding round of around one billion dollars at a valuation of roughly forty seven billion dollars according to people familiar with the matter. The post cites Bloomberg as the source for the figures. It notes Cognition created the Devin coding agent and states that Devin revenue nears one billion dollars. The same post adds the valuation is up from twenty six billion dollars three months ago.