AI coding startup Cognition AI has raised $2 billion in a Series E funding round at a $48 billion valuation, nearly doubling its valuation from $26 billion in May. The round was led by new investors Andreessen Horowitz and Accel, alongside existing backers Founders Fund, General Catalyst, and Avenir.
Cognition’s run-rate revenue has grown from $492 million to nearly $900 million since its last round in May. The company develops autonomous software-engineering agents that can plan, write, test, and deploy code with limited human intervention.
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