The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← Research · Q1

Cognition (Series E of over USD 2 billion at USD 48 billion, 2026-09) → Cognition

$2.0B (floor) — **Cognition raised over $2bn at a $48bn valuation, nearly doubling in four months.** The Series E was led by Andreessen Horowitz and Accel and values the maker of the Devin coding agent at close to twice the $26bn it carried in May. The company put run-rate revenue at almost $900

high confidence · as of 2026-09-08T00:00:00Z · about Cognition

$2.0B (floor) — **Cognition raised over $2bn at a $48bn valuation, nearly doubling in four months.** The Series E was led by Andreessen Horowitz and Accel and values the maker of the Devin coding agent at close to twice the $26bn it carried in May. The company put run-rate revenue at almost $900

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$2.0B (floor) — **Cognition raised over $2bn at a $48bn valuation, nearly doubling in four months.** The Series E was led by Andreessen Horowitz and Accel and values the maker of the Devin coding agent at close to twice the $26bn it carried in May. The company put run-rate revenue at almost $900

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