Cognition hits $48B valuation as investors bet AI coding isn't winner-take-all
TechCrunch AI · rss · 2026-09-09
AI coding company Cognition (maker of Devin) has reached a $48B valuation. TechCrunch notes its valuation multiple is even higher than Cursor's before its acquisition, signaling investors believe AI coding is far from a winner-take-all market with room for multiple major players.
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