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AI coding startup Cognition raises $1B at $25B pre-money valuation

CN
CitrixNews Staff
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AI coding startup Cognition raises $1B at $25B pre-money valuation

Cognition, the makers of the autonomous AI software engineer named Devin, has raised more than $1 billion at a $25 billion pre-money valuation, the company announced on Wednesday.

That’s a major leap from its $10.2 billion post-money valuation when it closed a $400 million funding round just eight months ago in September.

Originally reported by TechCrunch