Cognition reportedly in talks for funding at a $70-80B valuation
10/28/2026 — 10/29, 09:18·2 sources (all)·2 reports (all)
Key takeaways
- Cognition, maker of the AI coding agent Devin, has reportedly drawn investment interest valuing it at $70-80 billion, just weeks after raisi…
Background & analysis
According to a Business Insider report on October 28, 2026, citing people familiar with the matter, AI coding startup Cognition is in talks for a new funding round and has received investment offers valuing the company at between $70 billion and $80 billion. The startup is reportedly seriously considering closing a round before the end of the year. The report cautions that the talks around the financing are still early and that valuation targets could still change. This development comes just weeks after Cognition announced a funding round at a $48 billion valuation. Cognition was founded in 2023 by Scott Wu, Steven Hao, and Walden Yan. The San Francisco-based company is best known for Devin, an AI coding agent designed to automate software engineering tasks. The company has not publicly confirmed the latest round, and no figures beyond the reported $70 billion to $80 billion valuation range have been disclosed. The report attributes the heightened investor interest to the broader frenzy around AI coding, though details of the offers, including which investors are involved, remain undisclosed.
AI-generated from 1 reports · updated 10 hours ago
Latest turnAI coding startup Cognition is fielding investor interest at a $70B-$80B valuation and is weighing a new funding round before year's end, according to Business Insider, citing sources. That comes weeks after it announced a round at a $48B valuation in September.
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AI coding startup Cognition is fielding investor interest at a $70B-$80B valuation and is weighing a new funding round before year's end, according to Business Insider, citing sources. That comes weeks after it announced a round at a $48B valuation in September.
TechmemeAI score 53
Cognition, the AI coding startup behind the Devin agent, has received investor offers valuing it at $70 billion to $80 billion just weeks after announcing a round at a $48 billion valuation, according to Business Insider. Talks are still early and the valuation targets could change.
Business Insider · TechAI score 67
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