Cognition secures $2B at $48B valuation in Series E round
AI software-engineering firm Cognition closed a $2 billion Series E on September 8, 2026, valuing the company at $48 billion. Andreessen Horowitz and Accel led the investment, marking one of the largest raises in the sector this year. The funding will support scaling its Devin AI agents.
Sources: unite.ai
“The $48 billion valuation underscores investor confidence in AI-driven software development tools, even as the market faces scrutiny over sustainability at such lofty figures.”
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