The funding round, led by Andreessen Horowitz, Accel, Founders Fund, General Catalyst, and Avenir, comes just four months after Cognition's previous fundraise at a $26 billion valuation. This soaring valuation signals that investors still see room for multiple major players in the AI coding market. Cognition also reported its annualized run-rate revenue has grown from $492 million to $900 million since May.