[AI Coding Company Cognition Raises $2 Billion, Valuation Soars to $48 Billion] According to Bloomberg, AI coding startup Cognition AI has completed a new $2 billion funding round, bringing its post-money valuation to $48 billion. The round was led by Andreessen Horowitz, Accel, Founders Fund, General Catalyst, and Avenir. Three months ago, Cognition's valuation was $26 billion. The company stated that its annualized revenue has grown from $492 million in May to nearly $900 million, with its core product being the AI engineering agent Devin.