Funding Brief｜Cognition Series E $2B+
Cognition closed a $2B+ Series E led by a16z and Accel, pushing its valuation from $26B in May to $48B. This is VCs willing to nearly double their price on the same coding agent company — not a bet on whether AI coding is real, but on whether an 83% run-rate revenue jump in four months can sustain that premium.