The latest AI coding startup valuation headline out of Silicon Valley is turning heads across the software world. Reports suggest Cognition, the company behind the AI coding agent Devin, is already in talks to raise fresh capital at a valuation near $40 billion. That figure comes just months after the company closed a $1 billion round at a $26 billion valuation, a pace of growth that would have seemed unthinkable in most other software categories a few years ago.
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