Cognition would be expected to raise over $1 billion in the round, Bloomberg reported. The company may still decide not to raise capital, or seek financing with different terms. Founded in 2023, Cognition is backed by top venture firms including General Catalyst and Peter Thiel’s Founders Fund.

The Devin-maker is in early talks with investors less than three months after raising $1bn at a $26bn valuation, according to Bloomberg.

Cognition may be looking to raise another mega round just a few months after raising $1 billion at a $26 billion valuation.