Cognition: Raises Over $2B at $48B Valuation

Cognition raised more than $2B at a $48 Billion valuation in a round led by a16z, Accel, Founders Fund, General Catalyst and Avenir, with participation from Benchmark, Bessemer, Greylock, Lightspeed, T. Rowe Price, Bain Capital Ventures and NVIDIA. The AI software startup behind coding agent Devin reported run-rate revenue growth from $492M in May to nearly $900M today, adding customers including NVIDIA, GE Aerospace, Citi and Mercedes-Benz while opening new offices in D.C., Tokyo, Singapore, London, São Paulo and Madrid. This funding round underscores the AI industry impact on enterprise software adoption and startup funding trends amid expanding global operations.