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Headlines · 2
- Cognition Weighs New Funding at $70B–$80B Valuation
Cognition, the developer of the AI coding agent Devin, is reportedly considering a new funding round before year-end after receiving investor offers valuing the company at $70 billion to $80 billion. The company announced a Series E of more than $2 billion at a $48 billion valuation on September 8. Business Insider reported the new talks, but The Next Web said it had not independently verified them.
The Next Web · 🔥 4 - Physical Intelligence reportedly weighs $1B+ round at $20B valuation
Bloomberg reports, citing people familiar with the matter, that Physical Intelligence is in talks to raise at least $1 billion at a valuation of roughly $20 billion. Existing backers Avenir and Lux Capital are reportedly considering leading the round, while the company’s earlier valuation was $11.5 billion and it reportedly had no revenue at the time of the talks. The Next Web said it had not independently verified the report.
Bloomberg Technology · 🔥 0
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