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Aug 12 2026

Cognition is in talks to raise at a $40B valuation, up from $26B in May, on an ARR approaching $1B

MONEY
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Devin's enterprise usage has grown 50% month over month for six straight months, per the company. Comes the same day PitchBook data shows 87.5% of US venture dollars in H1 2026 went to AI megadeals.

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Cognition

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