Cognition raises $2B Series E at $48B valuation
Cognition, maker of the Devin AI coding agent, raised more than $2B in a Series E at a $48B valuation, nearly double the $26B it was valued at in May.
Cognition, maker of the Devin AI coding agent, raised more than $2B in a Series E at a $48B valuation, nearly double the $26B it was valued at in May. (Dealroom; Techzine; AI Business)
Andreessen Horowitz and Accel led as new investors, joined by Founders Fund, General Catalyst, Avenir, Benchmark, Bain Capital Ventures, Kleiner Perkins and others. Cognition said run-rate revenue has grown from $492M at its May Series D to almost $900M. (Dealroom; Techzine; AI Business)