Cognition Secures $48 Billion Valuation as Demand for AI Coding Surges

Artificial intelligence coding startup Cognition raised over $2 billion at a $48 billion valuation in a Series E funding round, the company said in a Tuesday (Sept. This announcement came just over three months after a May 27 Series D funding round in which Cognition raised more than $1 billion and was valued at $26 billion. PYMNTS reported at the time that Cognition would use the financing for its AI software engineer Devin , which the company said it introduced two years earlier