AI programming startup Cognition AI announced on September 8, local time, that it has raised 2 billion US dollars in Series E financing, with a valuation of 48 billion US dollars. The funding round was led by new investors A16z and Accel, with existing investors Founders Fund, General Catalyst, and Avenir participating. Cognition AI said that since the last round of financing in May, its annualized revenue has increased from US$492 million to nearly US$900 million.

AI programming startup Cognition AI announced on September 8, local time, that it has raised 2 billion US dollars in Series E financing, with a valuation of 48 billion US dollars. The funding round was led by new investors A16z and Accel, with existing investors Founders Fund, General Catalyst, and Avenir participating. Cognition AI said that since the last round of financing in May, its annualized revenue has increased from US$492 million to nearly US$900 million.