AI coding startup Cognition raises $1B at $25B pre-money valuation

Cognition raised $1B at a $25B pre-money valuation as its reported run rate reached 492.

TechCrunch reports that AI coding startup Cognition raised $1 billion at a $25 billion pre-money valuation. The company says its annualized revenue run rate has reached 492, though the provided excerpt does not specify the unit. Cognition also says its valuation has more than doubled in eight months, underscoring investor appetite for AI coding startups.

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