AI coding startup Cognition raised $2B at a $48B valuation, up from $26B in May, and says its run-rate revenue grew from $492M in May to ~$900M (Samantha Oltman/Bloomberg)

AI coding startup Cognition has successfully raised $2 billion in a new funding round, elevating its valuation to $48 billion. This marks a significant increase from its $26 billion valuation in May. The company also reported substantial growth in its run-rate revenue, which surged from $492 million in May to approximately $900 million, indicating strong financial performance and investor confidence.