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Technology· Startups

Cognition hits $48B valuation, signaling investors believe AI coding is far from a winner-take-all market

Cognition said it raised $2 billion at a $48 billion valuation, four months after a prior round valued the company at $26 billion. The startup reports its annualized run-rate revenue rose from $492 million to $900 million since May, and the new round was led by Andreessen Horowitz with participation from Accel, Founders Fund, General Catalyst and Avenir.

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