Cognition raises over $2B at $48B valuation led by a16z as run-rate revenue climbs from $492M to $900M.

According to @AggrNews, Fortune reports that Lighter raised $68 million at a $1.5 billion valuation in a round led by Founders Fund and Ribbit Capital, source: Fortune. For trading context, the confirmed deal size and headline valuation offer a clear late-stage fintech benchmark for private-market comparables and capital flow tracking, source: Fortune via @AggrNews.