On September 8, 2026 San Francisco-based Cognition AI closed a $2 billion Series E at a $48 billion valuation, led by Andreessen Horowitz, Accel, Founders Fund, General Catalyst and Avenir. Run-rate revenue reportedly grew from $492M in May to nearly $900M, with its Devin agent deployed inside Nvidia, GE Aerospace, Citi and Mercedes-Benz.
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Cognition raises $2B at a $48B valuation for its Devin coding agent
Why this matters for founders
Signals that autonomous coding agents are moving into large enterprises; founders can pilot Devin-style agents to compress engineering timelines.
Source: Tech Startups
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