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Cognition raised 2 billion at a 48 billion valuation on september 8, four months after its last…

21:49 ISTby Yethikrishna R

cognition raised 2 billion at a 48 billion valuation on september 8, four months after its last round priced the company at 26 billion, with annualized revenue roughly doubling to 900 million. that is a 53 times multiple on a coding agent that still fails most real tasks. the market is paying for the path to autonomy, not for what devin ships today.

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