Cognition Raises $2 Billion at a $48 Billion Valuation, Closing In on Cursor

Trending Topics · 1 month ago · 8 ● 5 sources

Cognition raised more than $2 billion in a Series E, valuing the AI coding agent Devin developer at $48 billion and bringing its investors close to the Cursor parent’s pricing. The round’s valuation is $48 billion, up from $26 billion in its spring financing. Cognition’s funding and fast growth support expanding Devin’s autonomous agent features and multi-model tooling as it scales revenue toward about $900 million annualized run rate.