Cognition raises $2B at $48B as Devin and Windsurf push into enterprise engineering

The maker of Devin and owner of Windsurf closed a $2B Series E at a $48B valuation, led by Accel, Andreessen Horowitz, Avenir, Founders Fund and General Catalyst. The valuation has nearly doubled since May's $26B round, reflecting how fast coding agents are becoming line items in enterprise engineering budgets. Builders competing in the space now face a rival with a two-billion-dollar war chest and its own IDE.

Companies mentioned

Cognition

Devin

Windsurf

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