Original post · AI translation
Rohan Paul@rohanpaul_ai
Cognition 已收到投资者的报价，对其估值为 700 亿至 800 亿美元，并正认真考虑在年底前进行一轮融资，尽管谈判仍处于早期阶段，条款也可能发生变化。
这些报价是在 Cognition 于 9 月以 480 亿美元的估值融资超过 20 亿美元的数周后提出的。
按 700 亿至 800 亿美元估值计算，投资者支付的价格约为该营收数字的 78 倍至 89 倍，高于 480 亿美元估值时的 53 倍。
这一估值区间还将超过 SpaceX 以股票收购 Cursor 开发商 Anysphere 时支付的 600 亿美元；截至 2 月，Anysphere 的年化营收已超过 20 亿美元。
这笔交易使风险投资者无法再投资 Cursor，令 Cognition 成为他们仍能投资的少数大型独立编程智能体初创公司之一。
Original
Cognition has received investor offers valuing it at $70B to $80B and is seriously considering a round before year-end, though talks are early and terms could change. Those offers came weeks after Cognition raised more than $2B at a $48B valuation in September. At $70B to $80B, investors would pay about 78x to 89x that revenue figure, up from 53x at $48B. The range would also top the $60B SpaceX paid in stock for Cursor maker Anysphere, which passed $2B in annualized revenue by February. That deal took Cursor out of reach for venture investors, leaving Cognition among the few large independent coding-agent startups they can still buy into.
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