Gate News message, April 25 — AI coding startup Cognition is in early talks to raise hundreds of millions of dollars or more at approximately a $25 billion valuation, according to people familiar with the matter. Interest has increased following SpaceX’s acquisition of a rival AI coding startup.
Cognition President Russell Kaplan stated the company has seen heightened interest from customers and potential employees following the announcement. Founded in 2023, Cognition develops AI coding tools for businesses, with its flagship product Devin serving as an autonomous software engineering agent. The company previously raised $400 million at a $10.2 billion valuation after acquiring Windsurf assets.
Devin operates in a sandboxed environment with its own browser and command line, capable of accepting requests, completing work, and submitting finished pull requests for human review. Nubank, a major Brazilian digital bank, deployed a fleet of Devins for a large-scale code migration, while other companies use the product to address security vulnerabilities and scale engineering capacity.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
UAE Announces Shift Toward AI Government Model in the Next Two Years
His Highness Sheikh Mohammed bin Rashid Al Maktoum stated that the goal was for 50% of government sectors to operate through autonomous agentic AI. The transition will also include the training of federal employees to “master AI” and will be overseen by Sheikh Mansour bin Zayed.
Key Takeaways:
Coinpedia2h ago
AI Trading Platform Fere AI Raises $1.3M in Funding Led by Ethereal Ventures
Gate News message, April 25 — Fere AI, an AI-powered digital asset trading platform, announced the completion of a $1.3 million funding round led by Ethereal Ventures, with participation from Galaxy Vision Hill and Kosmos Ventures, according to Globenewswire.
The platform supports cross-chain
GateNews2h ago
Nvidia Deploys OpenAI Codex AI Agent Across Entire Workforce on Blackwell Infrastructure
Gate News message, April 25 — Nvidia has rolled out OpenAI's Codex, an AI agent powered by GPT-5.5, to its entire workforce following a successful trial with approximately 10,000 employees, according to internal communications from CEO Jensen Huang and OpenAI CEO Sam Altman.
Codex is designed to as
GateNews7h ago
AI Trading Agent Platform Fere AI Raises $1.3M, Led by Ethereal Ventures
Gate News message, April 25 — AI-powered digital asset trading agent platform Fere AI announced the completion of a $1.3 million funding round, led by Ethereal Ventures, with Galaxy Vision Hill and Kosmos Ventures participating. The platform supports cross-chain networks including Ethereum,
GateNews9h ago
OpenClaw v2026.4.23 Adds gpt-image-2 Direct OAuth Support, Introduces Forked Context Mode for Sub-agents
Gate News message, April 25 — OpenClaw, an open-source AI agent framework, released v2026.4.23 on April 23, introducing updates across image generation, sub-agent mechanisms, and security hardening.
Image generation enhancements allow gpt-image-2 to be called directly via Codex OAuth without
GateNews9h ago
Fere AI Completes $1.3M Funding Round Led by Ethereal Ventures
Gate News message, April 24 — Fere AI, an AI-powered digital asset trading agent platform, announced the completion of a $1.3 million funding round led by Ethereal Ventures, with Galaxy Vision Hill and Kosmos Ventures participating.
The platform supports cross-chain networks including Ethereum,
GateNews20h ago
