Browsing: Cognition

Elon Musk’s SpaceX attempted to acquire AI coding startup Cognition as it works to catch up to OpenAI, Anthropic, and Google in the AI race, Bloomberg reported Wedesday, citing sources familiar with the matter.

(Bloomberg) — Cognition AI Inc. is in early talks with investors for a new funding round that may boost the coding startup’s valuation by more than 50% to at least $40 billion, people familiar with the matter said.

Peter Thiel-backed artificial intelligence startup Cognition AI is reportedly in early discussions with investors about a new funding round that could value the company at $40 billion or more, underscoring the intense investor appetite for companies building AI-powered software development tools.

Cognition, makers of the AI coding agent Devin, is reportedly already talking to investors about raising another funding round with a big leap in valuation, after it raised $1 billion at a $26 billon valuation in May.