Cognition Raises More Than $2 Billion at $48 Billion Valuation

Cognition has raised more than $2 billion in a Series E round that values the AI coding company at $48 billion, marking another sharp repricing of the maker of Devin. The round was led by Andreessen Horowitz and Accel, alongside existing investors including Founders Fund, General Catalyst and Avenir, according to Cognition’s announcement.