Cognition AI Hits $4 Billion Value in Deal Led by Lonsdale Firm

Cognition AI Inc., the developer of an artificial intelligence-powered coding assistant, has raised hundreds of millions of dollars at a valuation close to $4 billion, according to people familiar with the matter.

The new funding round is being led by 8VC, the Joe Lonsdale-backed venture capital firm, said the people, who asked not to be identified discussing private information.

8VC declined to comment. A representative for Cognition didn’t immediately respond to a request for comment.

The round doubles the previous valuation of the startup, which released its generative AI coding tool a year ago. Cognition bills the ...