Cognition AI raises $2 billion at $48 billion valuation

Key Takeaways

Cognition AI raises $2 billion at $48 billion valuation

AI coding startup Cognition AI has raised $2 billion in a Series E funding round at a valuation of $48 billion. The company's flagship product, Devin, works from high-level requirements to plan, write, test, and deploy code. Cognition has drawn criticism in the past, but its valuation signals investors believe in its potential. The company has added six offices globally and counts Nvidia, Mercedes-Benz, and Goldman Sachs among its customers.

Cognition hits $48B valuation, signaling investors believe AI coding is far from a winner-take-all market

Cognition's soaring valuation signals that VCs still see room for multiple major players to capture meaningful market share in AI coding. The startup's annualized run-rate revenue has grown from $492 million to $900 million. Cognition is training its own model based on open-source alternatives, which could help cut costs and bring the company closer to breakeven.

HTEC and Modular Extend MAX and Mojo to Google TPU

HTEC and Modular have demonstrated Modular's AI software stack running on Google's TPU architecture. The project shows that support for a new silicon target can be delivered by extending an existing software foundation rather than rebuilding it for each accelerator.

GitHub's New Copilot Feature Takes the Guesswork Out of Picking AI Models

GitHub has introduced a research preview built into GitHub Copilot that handles routing automatically. The system, called HydraFusion, evaluates the request and builds the workflow itself. This approach could change how model management is handled, with implications for cost governance, security review, and more.

AI is not yet driving US job losses

The latest US employment figures have failed to show an AI-driven surge in job losses. Theories of a 'jobpocalypse' are premature, but AI will eventually make some occupations obsolete.

NVIDIA Details 4 Security Layers For Future AI Agents

NVIDIA is implementing several security layers for future AI agents, including isolated coding environments, rate and spend limits, and task-scoped access controls. These measures aim to prevent AI agents from accessing sensitive information and minimize the potential blast radius of any security compromise.

OFA Group Launches PlanAId, Bringing AI-Assisted Building Code Intelligence Earlier Into the Design Process

OFA Group has launched PlanAId, an AI-assisted blueprint review platform designed to help architects, engineers, and construction professionals identify potential building code issues earlier in the design process.

Applied Materials Says AI Boom Is Driving Semiconductor Equipment Demand Higher

Applied Materials, a leading provider of semiconductor equipment, says the boom in artificial intelligence is driving demand for its products higher. The company's revenue is expected to grow 15% year-over-year.

Falcon Guardian finds 17,700 unapproved agents

A Fortune 500 customer found 18,000 AI agents active on its endpoints, but had only approved 300. This gap highlights the need for better agent discovery and management.

How Pinterest Built an AI Engine Users Actually Trust

Pinterest has built an AI engine that users trust, with features like AI-generated backgrounds and visual search tools. The approach prioritizes transparency and user trust, which has led to revenue growth and increased user engagement.

FN's AI Optical Growth Accelerates: Can It Challenge LITE & AAOI?

Fabrinet's AI optical growth has accelerated, driven by increasing demand for AI and data-center technologies. The company is well-positioned to challenge established players in the optical market.

Sources

• AI coding startup Cognition raises $2B at $48B valuation as revenue nears $900M
• Cognition hits $48B valuation, signaling investors believe AI coding is far from a winner-take-all market
• HTEC and Modular Extend MAX and Mojo to Google TPU, Cutting AI Hardware Enablement from Years to Months
• GitHub's New Copilot Feature Takes the Guesswork Out of Picking AI Models
• AI is not yet driving US job losses
• NVIDIA Details 4 Security Layers For Future AI Agents
• OFA Group Launches PlanAId, Bringing AI-Assisted Building Code Intelligence Earlier Into the Design Process
• Applied Materials Says AI Boom Is Driving Semiconductor Equipment Demand Higher
• Falcon Guardian finds 17,700 unapproved agents
• How Pinterest Built an AI Engine Users Actually Trust
• FN's AI Optical Growth Accelerates: Can It Challenge LITE & AAOI?