AI Coding Startup Cognition Now Valued at $48B

Cognition, an AI coding startup founded in 2024, raised $2 billion in a Series E round, boosting its valuation to $48 billion and nearly doubling its run-rate revenue to $900 million. Its autonomous coding agent Devin is used by major clients like Nvidia and Mercedes-Benz, with new features enhancing incident management and vulnerability triage. The company plans global expansion and remains committed to model-provider independence.