Cognition AI raised $2 billion in new funding. The round values the AI coding company at $48 billion. Andreessen Horowitz, Accel, Founders Fund, General Catalyst and Avenir led the investment. Cognition announced the Series E in a blog post on Tuesday. The company said its run-rate revenue has grown from $492 million in May to almost $900 million. Bloomberg reported the round the same day.
What changed
Cognition's run-rate revenue stood at $492 million in May.
- $2 billion raised
- $48 billion valuation
- $492M to ~$900M run-rate revenue
Sources