Cognition Nears $1 Billion Funding Round at $47 Billion Valuation

AI coding startup Cognition is close to completing a new funding round of about $1 billion, a deal that would value the company at roughly $47 billion. Demand for the round has reportedly far exceeded expectations, and the final financing size could rise above $1 billion. People familiar with the matter said Cognition has already attracted nearly $10 billion in investor interest. Negotiations are still ongoing, and the terms of the financing could still change.