Cognition hits $48B valuation, signaling investors believe AI coding is far from a winner-take-all market

Cognition, the startup developing coding assistant Devin, announced it raised $2 billion at a $48 billion valuation. The round, which comes just four months after Cognition’s previous fundraise at a $26 billion valuation , was led by Andreessen Horowitz, Accel, Founders Fund, General Catalyst, and A