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The AI coding startup is in talks for a new funding round to scale its automated software engineer. Growth has been rapid, with revenue tripling since January as the company expands its agentic toolset for developers.
Cognition currently generates approximately $900 million in annualized revenue and projects $1.5 billion by the end of 2026. The current fundraising efforts reflect a valuation of roughly $45 billion, though The Information notes the business is managing a surprising level of cash burn.
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Key sources
- SOURCE@amir“deafening chatter in the private markets about Cognition's current fundraising”x.com
- SUPPORT@techmeme“executives project it will end 2026 with $1.5B+”x.com
- SUPPORT@steph_palazzolo“it’s surprising cash burn”x.com
- SUPPORT@theinformation“current fundraising at a ~$45B valuation”x.com
- SUPPORT@nmasc_“early talks for a new funding round at a $40B + valuation”x.com
- SOURCEhuggingnewshuggingnews.com