Cognition closes $2B+ round at $48B valuation led by a16z, Accel, and others
Following·Day 2·first covered 8 Sep 2026·2 sources
Cognition raises $2B+ at $48B valuation to scale Devin agent
The gist
Cognition's valuation roughly doubled in months, tracking near-doubling run-rate revenue. The round implies a valuation-to-revenue multiple of approximately 53x annualized revenue.
The full picture
Cognition closed a funding round of more than $2 billion at a $48 billion valuation, led by a16z, Accel, Founders Fund, General Catalyst, and Avenir. The company's run-rate revenue grew from $492 million to almost $900 million since its prior round in May, which valued the company at $26 billion. Funds will be used to scale the Devin software-engineering agent.
How it developed
Sources
Rohan Paul Twitter
The daily email
Want this in your inbox?
I send one email each morning with the stories that moved. If you would rather just read here, that works too.
Subscribe free