Anthropic goes shopping as Cognition chases a new valuation
Anthropic is considering a 6 billion dollar Decart acquisition and building dedicated leadership for legal work, while Devin developer Cognition seeks a 40 billion dollar valuation.
Artificial Intelligence··Midday
The Decart talks raise Anthropic's ceiling
Anthropic is considering buying Israeli AI startup Decart for about 6 billion dollars. The talks, attributed to Bloomberg, remain at an early stage and could collapse; an Anthropic spokesperson declined to comment, while Decart did not answer questions. If completed, the deal would become Anthropic's largest known acquisition. Founded by Dean Leitersdorf and Moshe Shalev, Decart builds an optimisation layer intended to speed AI training and inference across different chip families. Its products also include Lucy, a real-time video-editing model, and Oasis, a simulated environment. Decart raised 300 million dollars in May 2026 in a round led by Radical Ventures with Nvidia participating, receiving a valuation of about 4 billion dollars. The proposed price could bring into Anthropic not only a young company's products but also infrastructure for accelerating training and inference across hardware. No signed agreement or closing timetable has been announced. The concrete development for now is that the sides have entered talks over an acquisition whose reported price exceeds Decart's valuation in a funding round only three months earlier.[1]
Devin carries the growth story toward 40 billion dollars
Cognition, developer of the AI coding product Devin, is in talks for new funding at a valuation of 40 billion dollars. The company raised 1 billion dollars at a 26 billion dollar valuation in May 2026, so a completed round would lift its valuation target substantially within a few months. The report attributed to Bloomberg links that effort to Cognition reaching 1 billion dollars in annualised revenue, up from 492 million dollars in May. Cognition made no statement on the talks. Co-founder Scott Wu has previously said enterprise use of Devin grew 50 per cent month over month for six months. Wu positions the product as a tool for taking on technical debt and software-modernisation work, rather than as a replacement for an employee. Alongside the reported revenue increase, that description presents Devin as moving from an experimental product into established enterprise workflows. The revenue, usage growth and account of the product's role still come through reporting on company claims, while the size of the prospective round and the investors have not been announced. What has emerged is Cognition's search for a higher valuation only a short time after its May round.[2]
The legal market gets dedicated leadership
Anthropic's growth push extends beyond the acquisition talks. Robert Mahari, who founded legal AI startup Akiva AI and holds a doctorate in the field, has become the company's first legal-market leader for Claude. In May, Anthropic introduced 12 legal plugins for Claude and announced partnerships with more than 20 legal-technology companies, including LexisNexis and Relativity. Appointing a dedicated executive puts those products and relationships under one market leader. Competitors are entering the same field through hiring and product releases: OpenAI recruited Ironclad founder Jason Boehmig, Amazon launched Amazon Quick for legal tasks, and Microsoft added a legal agent inside Word. The market is drawing competitors, yet the tendency of models to fabricate sources and case citations, together with confidentiality rules, has slowed adoption. Mahari's job places the effort to expand Claude in law directly against those constraints. The corporate movement in the midday edition is running at two levels: Anthropic is considering the purchase of external acceleration infrastructure while installing specialised market leadership internally, and Cognition is trying to turn Devin's reported enterprise growth into a higher valuation.[3]
