Scott Wu, the CEO and cofounder of Cognition.

Cognition, maker of the generative coding assistant Devin, is in talks to raise north of $300 million, valuing the AI startup at $10 billion, according to five people familiar with the deal. Founders Fund and Khosla Ventures are both involved in the deal, the people said.

The deal would more than double Cognition’s valuation, only months after a funding round led by 8VC, the venture firm led by Palantir cofounder Joe Lonsdale, valued the company at $4 billion in March, per Bloomberg. One source cautioned that the terms of the deal could change because it is still being finalized.

The funding round comes after a whirlwind acquisition for Cognition. For months, OpenAI had been rumored to be buying Windsurf, a rival AI coding startup. But in a surprise........

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