Scott Wu's Cognition raises over $2B at a $48B valuation
Andreessen Horowitz and Accel led the Series E, nearly doubling Cognition's valuation four months after its previous round.
By RuntimeWire Staff · Published
Primary source: The Wall Street Journal
Why it matters
Cognition's $48B price is about 53 times its self-reported run-rate. The round gives Scott Wu capital to fund the compute, models and distribution behind Devin.
Scott Wu's Cognition raised more than $2 billion at a $48 billion valuation in a Series E announced on September 8th, giving Cognition another large pool of capital four months after its previous billion-dollar financing. The Wall Street Journal reported the round as $2 billion, while Cognition's announcement describes the amount as over…
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