Cognition doubles valuation to $48B in four months
AI coding startup Cognition secured a $2 billion round at a $48 billion valuation, less than four months after its prior raise at $26 billion. Andreessen Horowitz, Accel, Founders Fund, General Catalyst, and Avid Ventures led the funding for its Devin coding assistant.
Sources: finance.yahoo.com
“The rapid revaluation underscores how investors are betting on multiple AI coding tools coexisting rather than consolidating into a single dominant player.”
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