[Cognition Completes $2 Billion Series E Funding, Valuation Reaches $48 Billion] Andreessen Horowitz and Accel co-led the $2 billion Series E funding round for AI coding assistant company Cognition, raising the company's valuation from $26 billion to $48 billion. Founders Fund, General Catalyst, Avenir, and NVIDIA also participated in the round. Devin's operating revenue grew from $492 million in May to nearly $900 million, with annualized revenue expected to reach $4 billion to $5 billion by year-end. (Source: Forbes)