Cognition Raises $2B at $48B Valuation

Cognition AI has raised a reported $2 billion Series E at a $48 billion valuation, nearly doubling its valuation from May. Demand for Devin, enterprise adoption, autonomous coding features, and reported revenue approaching $900 million make Cognition a major enterprise-agent competitor, although customer traction, profitability, and company-reported figures remain unverified.