Cognition AI Reaches $48 Billion Valuation Following $2 Billion Series E Funding Round
US-based software company Cognition AI has secured a $2 billion investment in its latest Series E funding round, raising the firm's valuation to $48 billion. The round was led by Andreessen Horowitz and Accel, with participation from numerous other venture capital firms such as Benchmark, Kleiner Perkins, Bessemer, Greylock, Altimeter, Lightspeed, Bond Capital, Atreides, Meritech, Valor, Lux, T. Rowe Price, 8VC, DST, D1, and Battery. Since its last funding round in May, Cognition AI reported a significant increase in run-rate revenue from $492 million to nearly $900 million. This growth is attributed to the adoption of its agentic AI tool Devin by large corporate clients across various sectors including chip design (Nvidia), financial services (Citi), aviation (GE Aerospace), automotive (Mercedes-Benz), and AI infrastructure (Modal). Cognition AI's approach involves enabling engineers to focus on planning while delegating execution tasks to automated agents, aiming to enhance software production efficiency. The company has expanded its global presence by opening offices in Washington D.C., Tokyo, London, Singapore, São Paulo, Madrid, as well as San Francisco, New York, and Austin. In July 2025, Cognition AI acquired Windsurf for an undisclosed sum, integrating the firm's intellectual property, products, brand, business operations, engineering teams, product development staff, and go-to-market strategies.
Topics: AI startups venture_capital