What happened
Cognition, the company behind the AI coding agent Devin, has received investor offers that would value it at between $70bn and $80bn. According to a Business Insider report by Katie Roof, the San Francisco startup is seriously weighing a new funding round before the end of the year.
Why it matters
Devin is one of the best-known examples of agentic tools that aim to handle software development tasks end to end. If the deal goes through at this level, Cognition would rank among the most highly valued startups in the AI coding market.
Details still unclear
The talks are not final, and the size of the round and the exact valuation could change. Neither the company nor investors have made an official statement.
