Artificial-intelligence coding startup Cognition raised $2 billion in a Series E funding round at a valuation of $48 billion. The round was led by Andreessen Horowitz and Peter Thiel's venture arm, with participation from existing investors. The funding comes as the company continues to expand its AI-powered developer tools, which have gained traction among enterprise customers.

Cognition's flagship product, Devin, positions itself as an autonomous AI software engineer capable of handling complex coding tasks from start to finish. The $48 billion valuation represents a significant increase from the company's previous round, reflecting strong market demand for AI-driven development solutions. The startup plans to use the capital to accelerate product development and expand its global footprint.