Cognition raises $2B at $48B valuation as Devin revenue nears $900M

Cognition has announced that it raised more than $2 billion in a Series E that values the AI coding company at $48 billion.  The company has nearly doubled its price tag in under four months. Meanwhile, the run-rate revenue behind its Devin agent is approaching $900 million. How much did Cognition AI raise in its...