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Cognition raises over $2 billion at $48 billion valuation for AI coding agent Devin

Verifying
  • Cognition raised over $2 billion in Series E financing for its Devin AI coding agent.
  • Cognition’s post-money valuation reached $48 billion, up about 85% from $26 billion.
  • a16z previously invested in Cursor before SpaceX acquired it for $60 billion.
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