Cognition raises $2B at $48B valuation; run-rate revenue nearly doubles to $900M
#funding#ai#coding#startup
AI coding startup Cognition AI Inc. has raised $2 billion in a new funding round, boosting its valuation to $48 billion, up from $26 billion in May. The company also reported that its run-rate revenue grew from $492 million in May to approximately $900 million.
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Samantha Oltman / Bloomberg : AI coding startup Cognition raised $2B at a $48B valuation, up from $26B in May, and says its run-rate revenue grew from $492M in May to ~$900M — Artificial intelligence coding startup Cognition AI Inc. has raised $2 billion in a new round of funding that vaulted its valuation to $48 billion.
