SynopsisThe round was led by new investors Andreessen Horowitz and Accel, alongside existing backers Founders Fund, General Catalyst, and Avenir.BloombergAI coding startup Cognition AI said on Tuesday it had raised $2 billion in a Series E funding round at a valuation of $48 billion.Here are some details:The round was led by new investors Andreessen Horowitz and Accel, alongside existing backers Founders Fund, General Catalyst, and Avenir.Cognition's run-rate revenue has grown from $492 million to nearly $900 million since its last round in May, the firm said in a blog.The latest round nearly doubles Cognition's valuation from $26 billion in May, when it raised $1 billion.Interest in AI-focused companies has surged significantly, as investors drawn by the lure of a technological revolution pour billions into the ecosystem.Cognition is an AI startup that develops autonomous software-engineering agents, which can plan, write, test and deploy code with limited human intervention. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now
Cognition AI funding: Cognition AI raises $2 billion at $48 billion valuation - The Economic Times
The round was led by new investors Andreessen Horowitz and Accel, alongside existing backers Founders Fund, General Catalyst, and Avenir.
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