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Cognition AI secures funding boosting valuation to four billion dollars

Cognition AI Inc., an AI-powered coding tools startup, has raised new funding, increasing its valuation to nearly $4 billion, up from $2 billion last year. The funding round, led by 8VC, included participation from existing investors like Founders Fund and Khosla Ventures. Founded in 2023, Cognition launched its generative AI coding tool, Devin, in 2024, amid growing investor interest in AI coding assistants.
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