Cognition raises $2B at $48B valuation, revenue nears $900M
Cognition, the startup behind AI coding assistant Devin, announced a $2 billion funding round at a $48 billion valuation, nearly doubling since its last round in May. The company’s annualized revenue is now close to $900 million. Major investors include Andreessen Horowitz and Accel. Customers include Citi, Goldman Sachs, Mercedes-Benz, and NASA. Cognition was founded in 2024 by Scott Wu and focuses on automating software engineering tasks.
- Annualized revenue grew from $492M to nearly $900M
- Valuation nearly doubled in four months
- Led by Andreessen Horowitz and Accel
- Clients include Goldman Sachs and Mercedes-Benz
- Cognition founded in 2024 by Scott Wu
Sources covering this
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