According to Bloomberg, AI programming company Cognition plans to raise a new round of funding at a valuation of at least $40 billion, with the fundraising expected to exceed $1 billion. Cognition was valued at $26 billion when it completed its previous funding round at the end of May, with an annualized revenue of $492 million; its current annualized revenue is nearing $1 billion.
Cognition Targets $40 Billion Valuation in New Funding Round as Annualized Revenue Approaches $10 Billion
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Summary
Cognition is targeting a $40 billion valuation in a new funding round as annualized revenue approaches $10 billion. The project funding announcement comes as the company’s valuation has more than doubled from $26 billion in late May 2026, when annualized revenue was $492 million. The new token listings expected from this round could further increase market interest in the AI programming space.
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