Cognition raised over $2bn at a $48bn valuation, up from $26bn in May. Run-rate revenue rose from $492m to almost $900m over the same period. Both rounds price the company at roughly 53 times run-rate revenue, so the multiple did not expand.
Cognition has raised more than $2bn at a $48bn valuation. The company announced the Series E on Monday, with Andreessen Horowitz and Accel leading as new investors.
Founders Fund, General Catalyst and Avenir returned. The syndicate also includes T. Rowe Price, DST, Bain Capital Ventures and NVIDIA.
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Cognition raised over $1bn at $26bn in May. That round reported run-rate revenue of $492m.
